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 (NYSE:BRSP) reported Q4 2023 adjusted EPS of $0.28, surpassing the $0.24 estimate, with sales of $30.21M exceeding the $29.56M forecast. However, this represents a 48.76% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 1:53 pm

BrightSpire Capital (NYSE:BRSP) reported Q4 earnings of $0.28 per share, surpassing the analyst consensus estimate of $0.24 by 16.67% and marking a 3.7% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 1:41 pm

The article lists companies scheduled to report their earnings on February 21, 2024, including their expected earnings per share and revenue. It covers a wide range of industries and includes both companies expected to report profits and losses.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 10:09 am

BrightSpire Capital (NYSE:BRSP) is expected to report an EPS of $0.24 in its upcoming quarterly earnings on 2024-02-21. Analysts and investors are looking for an earnings beat and positive guidance for future growth. Historically, BRSP has shown a positive response in its share price following earnings beats. However, over the last year, the stock has declined by 8.86%, indicating potential concerns among long-term shareholders. The company's past earnings performance shows a consistent pattern of beating EPS estimates.

Portfolio Pulse from Benzinga Insights

February 20, 2024 | 3:01 pm

Barclays analyst Terry Ma has maintained an Equal-Weight rating on BrightSpire Capital (NYSE:BRSP) and increased the price target from $6 to $8.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 1:55 pm

U.S. mortgage applications have increased by 3%, the largest weekly rise in two months, coinciding with a drop in the average contract interest rate for 30-year fixed-rate mortgages to 7.41%. The decline in mortgage rates is attributed to a reduction in U.S. bond yields, which also saw the 30-year Treasury bond yield fall to 4.53%. The iShares 20+ Year Treasury Bond ETF (TLT) has seen a 10% rally over the past month. Morgan Stanley predicts a 3% drop in home prices by the end of 2024 due to improving affordability. Real estate stocks and ETFs like XLRE, PLD, AMT, CSGP, and REM, as well as companies like NREF, BRSP, and ORC, have shown positive market reactions following the news.

Portfolio Pulse from Piero Cingari

November 22, 2023 | 5:04 pm

Barclays analyst Terry Ma has initiated coverage on BrightSpire Capital (NYSE:BRSP) with an Equal-Weight rating and set a price target of $6 for the company's stock.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 9:52 am

JMP Securities analyst Chris Muller maintains a Market Outperform rating on BrightSpire Capital (NYSE:BRSP) but lowers the price target from $9.5 to $8.5.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 5:10 pm

BrightSpire Capital (NYSE:BRSP) reported Q3 earnings of $0.28 per share, beating the analyst consensus estimate of $0.21 by 33.33%. This is a 12% increase from the same period last year. The company also reported quarterly sales of $59.09 million, beating the analyst consensus estimate of $29.36 million by 101.24%, a 6.98% increase from the same period last year.

Portfolio Pulse from mahesh@benzinga.com

October 30, 2023 | 9:29 pm

BrightSpire Capital reported an adjusted EPS of $0.28, beating the estimate of $0.21.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 9:18 pm

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