BrightSpire Capital (NYSE:BRSP) Downgraded by Wall Street Zen to “Sell”

Wall Street Zen lowered shares of BrightSpire Capital (NYSE:BRSP) from a hold rating to a sell rating in a report published on Saturday,Wall Street Zen reports.

Several other research firms have also weighed in on BRSP. The Goldman Sachs Group raised BrightSpire Capital to a “buy” rating in a research note on Wednesday, October 7th. Citigroup reiterated a “market outperform” rating on shares of BrightSpire Capital in a report on Wednesday, October 7th. Barclays dropped their target price on shares of BrightSpire Capital from $6.00 to $4.00 and set an “underweight” rating for the company in a research report on Monday, October 5th. JonesTrading restated a “buy” rating and issued a $6.50 price target on shares of BrightSpire Capital in a report on Wednesday, July 29th. Finally, Weiss Ratings cut shares of BrightSpire Capital from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, September 4th. Six analysts have rated the stock with a Buy rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $6.00.

BrightSpire Capital Stock Up 0.4%

Shares of NYSE BRSP opened at $3.67 on Friday. The stock has a market capitalization of $463.71 million, a PE ratio of -15.93, a P/E/G ratio of 2.75 and a beta of 1.31. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 2.75. The firm has a fifty day moving average of $4.25 and a 200-day moving average of $5.09. BrightSpire Capital has a 52-week low of $3.56 and a 52-week high of $6.16.

BrightSpire Capital (NYSE:BRSP) last issued its earnings results on Tuesday, July 28th. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.02). The firm had revenue of $48.67 million during the quarter, compared to analysts’ expectations of $64.31 million. BrightSpire Capital had a positive return on equity of 7.01% and a negative net margin of 20.43%. On average, analysts anticipate that BrightSpire Capital will post 0.44 EPS for the current year.

BrightSpire Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 14th. Shareholders of record on Wednesday, September 30th were given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 17.5%. The ex-dividend date of this dividend was Wednesday, September 30th. BrightSpire Capital’s dividend payout ratio is presently -278.26%.

Hedge Funds Weigh In On BrightSpire Capital

Institutional investors and hedge funds have recently made changes to their positions in the business. Signaturefd LLC grew its position in shares of BrightSpire Capital by 364.2% during the third quarter. Signaturefd LLC now owns 18,512 shares of the company’s stock worth $71,000 after buying an additional 14,524 shares in the last quarter. 55 North Private Wealth LLC acquired a new stake in BrightSpire Capital in the third quarter valued at $44,000. Abel Hall LLC boosted its stake in BrightSpire Capital by 45.3% during the 3rd quarter. Abel Hall LLC now owns 60,279 shares of the company’s stock valued at $231,000 after acquiring an additional 18,798 shares during the last quarter. Fermata Advisors LLC bought a new position in BrightSpire Capital during the 3rd quarter valued at $40,000. Finally, Versant Capital Management Inc boosted its stake in BrightSpire Capital by 155.4% during the 3rd quarter. Versant Capital Management Inc now owns 13,037 shares of the company’s stock valued at $50,000 after acquiring an additional 7,932 shares during the last quarter. 56.57% of the stock is currently owned by hedge funds and other institutional investors.

BrightSpire Capital Company Profile

BrightSpire Capital, Inc is a commercial real estate finance company organized as a real estate investment trust (REIT). The company focuses on originating, acquiring, financing and managing a portfolio of commercial real estate debt and related investments.

BrightSpire’s investments primarily include senior mortgage loans, mezzanine loans, preferred equity and other real estate-related credit investments. Its portfolio may be secured by properties across several commercial real estate sectors, including office, multifamily, industrial, hospitality, retail and other specialized property types.

The company serves commercial real estate owners, operators and developers primarily in the United States.