Jones Trading Issues Pessimistic Forecast for BrightSpire Capital (NYSE:BRSP) Stock Price

BrightSpire Capital (NYSE:BRSP) had its price target decreased by equities research analysts at Jones Trading from $7.25 to $6.50 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Jones Trading’s target price would suggest a potential upside of 44.28% from the company’s current price.

A number of other equities analysts have also issued reports on the stock. Alliance Global Partners initiated coverage on shares of BrightSpire Capital in a research report on Friday, January 17th. They issued a “buy” rating and a $7.25 target price for the company. B. Riley lowered their price objective on shares of BrightSpire Capital from $10.00 to $9.00 and set a “buy” rating on the stock in a research note on Tuesday, January 7th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $7.45.

BrightSpire Capital Trading Up 1.9 %

BrightSpire Capital stock opened at $4.51 on Thursday. The firm has a 50-day moving average price of $5.58 and a two-hundred day moving average price of $5.75. BrightSpire Capital has a 52-week low of $4.16 and a 52-week high of $6.71. The firm has a market capitalization of $588.61 million, a price-to-earnings ratio of -4.29 and a beta of 1.54. The company has a quick ratio of 0.73, a current ratio of 0.70 and a debt-to-equity ratio of 1.79.

BrightSpire Capital (NYSE:BRSP) last issued its quarterly earnings data on Tuesday, February 18th. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.03). The business had revenue of $17.46 million during the quarter, compared to the consensus estimate of $65.81 million. BrightSpire Capital had a positive return on equity of 8.82% and a negative net margin of 79.23%. During the same period last year, the company earned $0.28 earnings per share. Sell-side analysts expect that BrightSpire Capital will post 0.67 earnings per share for the current year.

Institutional Trading of BrightSpire Capital

Large investors have recently added to or reduced their stakes in the business. Private Management Group Inc. increased its holdings in shares of BrightSpire Capital by 1.3% in the fourth quarter. Private Management Group Inc. now owns 4,632,732 shares of the company’s stock valued at $26,129,000 after buying an additional 57,759 shares in the last quarter. Geode Capital Management LLC raised its position in shares of BrightSpire Capital by 0.5% during the third quarter. Geode Capital Management LLC now owns 3,082,637 shares of the company’s stock worth $17,267,000 after purchasing an additional 14,606 shares during the period. Conversant Capital LLC lifted its holdings in shares of BrightSpire Capital by 3.7% during the fourth quarter. Conversant Capital LLC now owns 2,801,223 shares of the company’s stock valued at $15,799,000 after purchasing an additional 100,000 shares during the last quarter. Northern Trust Corp boosted its position in shares of BrightSpire Capital by 7.6% in the 4th quarter. Northern Trust Corp now owns 1,287,299 shares of the company’s stock valued at $7,260,000 after purchasing an additional 91,263 shares during the period. Finally, Van ECK Associates Corp increased its stake in BrightSpire Capital by 12.8% in the 4th quarter. Van ECK Associates Corp now owns 1,134,821 shares of the company’s stock worth $6,400,000 after purchasing an additional 129,120 shares in the last quarter. 56.57% of the stock is currently owned by institutional investors.

About BrightSpire Capital

BrightSpire Capital, Inc operates as a commercial real estate (CRE) credit real estate investment trust in the United States and Europe. The company operates through Senior and Mezzanine Loans and Preferred Equity; Net Leased and Other Real Estate; and Corporate and Other segments. It focuses on originating, acquiring, financing, and managing a diversified portfolio of CRE debt investments consisting of first mortgage loans, senior loans, debt securities, mezzanine loans, and preferred equity investments, as well as net leased properties.