BrightSpire Capital (BRSP) Downgraded by Zacks Investment Research to Hold

BrightSpire Capital stock has undergone multiple analysts rating changes in the recent past.  BrightSpire Capital Downgraded by Zacks Investment Research on 10-11-21. In a note to investors, the firm issued a new rating of Hold. The analysts previously had rating of Buy.

Shares of BrightSpire Capital traded down -$0.09 on Monday, reaching $9.77. 153306 shares of the stock traded hands, compared to its average volume of 393569. Shares of BrightSpire Capital were trading at $9.77 on Monday. The firm’s 50 day moving average is $9.73 and its 200 day moving average is $9.12.BrightSpire Capital has a 12 month low of $9.75 and a 12 month high of $10.68. While on yearly highs and lows, BrightSpire Capital’s today has traded high as $9.92 and has touched $9.75 on the downward trend. See More Analyst Rating at: RATING

BrightSpire Capital Earnings and What to expect: 

BrightSpire Capital last announced its earnings data on August 3rd, 2021. The reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by $0.34. BrightSpire Capital has generated $0.80 earnings per share over the last year (($1.23) diluted earnings per share). Earnings for BrightSpire Capital are expected to grow by 46.03% in the coming year, from $0.63 to $0.92 per share. BrightSpire Capital has confirmed that its next quarterly earnings report will be published on Wednesday, November 3rd, 2021. BrightSpire Capital will be holding an earnings conference call on Wednesday, November 3rd at 10:00 AM Eastern. Interested parties can or dial in at 412-317-6671 with passcode “13723633”.

Earnings for BrightSpire Capital are expected to grow by 46.03% in the coming year, from $0.63 to $0.92 per share. The P/E ratio of BrightSpire Capital is -7.94, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of BrightSpire Capital is -7.94, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. BrightSpire Capital has a P/B Ratio of 0.64. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

BrightSpire Capital (BRSP) Moving Average Technical Analysis

5 day Moving Average is $9.78 And 5 day price change is $0.07 (0.72%)  with average volume for 5 day average is 316,960. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $9.73 and 20 day price change is -$0.29 (-2.88%) and average 20 day moving volume is 356,115. 50 day moving average is $9.73  and 50 day price change is $0.26 ( 2.73%)  and with average volume for 50 days is : 593,088. 200 day moving average is $9.12  and 200 day price change is $2.17 (28.55%)  and with average volume for 200 days is : 433,730.

Other owners latest trading in BrightSpire Capital :

  • On 9/24/2021 shares held by Thrivent Financial for Lutherans were 22,474 which equates to market value of $0.21M and appx 0.00% owners of BrightSpire Capital
  • On 9/3/2021 shares held by Parametric Portfolio Associates LLC were 452,354 which equates to market value of $4.25M and appx 0.00% owners of BrightSpire Capital
  • On 8/23/2021 shares held by Morgan Stanley were 688,766 which equates to market value of $6.47M and appx 0.00% owners of BrightSpire Capital
  • In total Institutional ownership equates to Institutional Ownership Percentage: 32.11% for BrightSpire Capital

See More Analyst Rating at: RATING