Streetbeat News

BRSP

BrightSpire Capital, Inc.

https://www.brightspire.com

Industry

REIT - Diversified

BrightSpire Capital, Inc. operates as a commercial real estate (CRE) credit real estate investment trust in the United States. It focuses on originating, acquiring, financing, and managing a portfolio of CRE senior mortgage loans, mezzanine loans, preferred equity, debt securities, and net leased properties. The company qualifies as a real estate investment trust for federal income tax purposes. The company was formerly known as Colony Credit Real Estate, Inc. and changed its name to BrightSpire Capital, Inc. in June 2021. BrightSpire Capital, Inc. was incorporated in 2017 and is headquartered in New York, New York.

Open

6.36

Mkt cap

807M

Volume

510K

High

6.37

P/E Ratio

-6.10

52-wk high

8.01

Low

6.17

Div yield

0.12

52-wk low

5.07

BrightSpire Capital shares rose following the announcement of better-than-expected Q3 adjusted EPS results.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 3:27 pm

BrightSpire Capital reported Q3 2024 adjusted earnings per share of $0.21, surpassing the analyst consensus estimate of $0.20 by 5%.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 8:12 pm

JMP Securities analyst Chris Muller has reiterated a Market Outperform rating for BrightSpire Capital (NYSE:BRSP) and maintained a price target of $7.5.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 3:14 pm

BrightSpire Capital (NYSE:BRSP) reported Q2 2024 adjusted earnings per share (EPS) of $0.22, which met the analyst consensus estimate.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 8:31 pm

BTIG analyst Thomas Catherwood has assumed coverage of BrightSpire Capital (NYSE:BRSP) with a Neutral rating.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 12:19 pm

Barclays analyst Terry Ma maintains an Equal-Weight rating on BrightSpire Capital (NYSE:BRSP) and lowers the price target from $8 to $7.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 2:32 pm

BrightSpire Capital reported its Q1 2024 adjusted earnings per share (EPS) of $0.23, surpassing the analyst consensus estimate of $0.18 by 27.78%.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 12:32 pm

GameStop Corp. (NYSE:GME) reported Q4 earnings with net sales of $1.794 billion, missing the consensus estimate of $2.05 billion, and an EPS of 22 cents, below the expected 29 cents, causing a 14.9% drop in pre-market trading. Other stocks also moved lower in pre-market trading due to various reasons including poor financial results and special dividend announcements.

Portfolio Pulse from Avi Kapoor

March 27, 2024 | 9:39 am

Bank of America downgraded six commercial real estate mortgage REITs due to interest rate headwinds and weakening fundamentals, predicting a challenging future for the sector. The downgrades were based on concerns such as significant office exposure, looming portfolio maturities, credit issues, and potential for further dividend cuts. The office sector's slow return-to-office trend and minimal rent growth were highlighted as contributing factors. Shares of the downgraded companies fell following the announcement.

Portfolio Pulse from Piero Cingari

March 04, 2024 | 5:58 pm

B of A Securities analyst Eric Dray downgraded BrightSpire Capital (NYSE:BRSP) from Neutral to Underperform and set a price target of $6.5.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 1:26 pm

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