BrightSpire Capital (NYSE:BRSP) Downgraded by Zacks Investment Research

Zacks Investment Research cut shares of BrightSpire Capital (NYSE:BRSP) from a hold rating to a sell rating in a report released on Tuesday morning, Zacks.com reports.

According to Zacks, “BrightSpire Capital Inc. is a commercial real estate credit REIT. It focused on originating, acquiring, financing and managing a diversified portfolio consisting primarily of CRE debt investments and net leased properties predominantly in the United States. BrightSpire Capital Inc., formerly known as Colony Credit Real Estate Inc., is based in NEW YORK. “

Several other equities research analysts also recently weighed in on the stock. TheStreet downgraded shares of BrightSpire Capital from a c- rating to a d+ rating in a report on Wednesday, November 3rd. JMP Securities began coverage on shares of BrightSpire Capital in a report on Friday, December 17th. They issued an outperform rating and a $11.00 price target for the company. Finally, Raymond James raised shares of BrightSpire Capital from a market perform rating to an outperform rating in a report on Tuesday, November 2nd. One equities research analyst has rated the stock with a sell rating and three have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of Buy and an average target price of $11.17.

BRSP stock opened at $10.13 on Tuesday. The company has a 50-day simple moving average of $9.71 and a 200 day simple moving average of $9.69. BrightSpire Capital has a fifty-two week low of $7.70 and a fifty-two week high of $10.68. The company has a quick ratio of 5.26, a current ratio of 5.26 and a debt-to-equity ratio of 1.23.

BrightSpire Capital (NYSE:BRSP) last posted its quarterly earnings data on Tuesday, November 2nd. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.05. BrightSpire Capital had a negative net margin of 192.55% and a positive return on equity of 5.49%. During the same period in the prior year, the company earned $0.23 earnings per share. On average, equities research analysts predict that BrightSpire Capital will post 0.72 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, January 14th. Shareholders of record on Friday, December 31st were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 7.11%. This is an increase from BrightSpire Capital’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend was Thursday, December 30th. BrightSpire Capital’s dividend payout ratio is presently -39.78%.

Hedge funds have recently bought and sold shares of the business. Wiley BROS. Aintree Capital LLC purchased a new stake in BrightSpire Capital during the fourth quarter valued at about $463,000. Total Clarity Wealth Management Inc. purchased a new stake in BrightSpire Capital during the third quarter valued at about $34,000. BerganKDV Wealth Management LLC lifted its stake in BrightSpire Capital by 1,698.0% during the third quarter. BerganKDV Wealth Management LLC now owns 5,394 shares of the company’s stock valued at $51,000 after buying an additional 5,094 shares in the last quarter. Ameritas Investment Partners Inc. purchased a new stake in BrightSpire Capital during the second quarter valued at about $65,000. Finally, Northwestern Mutual Wealth Management Co. purchased a new stake in BrightSpire Capital during the second quarter valued at about $76,000. 67.84% of the stock is owned by institutional investors.

BrightSpire Capital Company Profile

BrightSpire Capital, Inc operates as a real estate investment trust. It originates, acquires, finances, and manages diversified portfolio consisting primarily of commercial real estate (CRE) senior mortgage loans, mezzanine loans, preferred equity, debt securities and net leased properties predominantly in the United States.

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