In a report released today, Terry Ma from Barclays maintained a Sell rating on BrightSpire Capital, with a price target of $5.00. The company’s shares closed last Friday at $5.39.
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According to TipRanks, Ma is a 4-star analyst with an average return of 10.5% and a 62.96% success rate. Ma covers the Financial sector, focusing on stocks such as American Express, Bread Financial Holdings, and Capital One Financial.
Currently, the analyst consensus on BrightSpire Capital is a Hold with an average price target of $5.67.
Based on BrightSpire Capital’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $84.33 million and a GAAP net loss of $68.5 million. In comparison, last year the company earned a revenue of $91.42 million and had a GAAP net loss of $67.86 million
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