BrightSpire Capital, Inc. (NYSE:BRSP) Receives Average Rating of “Hold” from Analysts

BrightSpire Capital, Inc. (NYSE:BRSP) has been given a consensus recommendation of “Hold” by the seven research firms that are currently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation and five have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $6.7917.

Several research analysts recently issued reports on the company. Citigroup reaffirmed a “market outperform” rating on shares of BrightSpire Capital in a research report on Thursday, October 30th. Jones Trading restated a “buy” rating and set a $6.50 price objective on shares of BrightSpire Capital in a research note on Wednesday, July 30th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of BrightSpire Capital in a report on Monday.

BrightSpire Capital Stock Up 2.3%

NYSE BRSP traded up $0.13 during mid-day trading on Friday, hitting $5.52. The company’s stock had a trading volume of 981,120 shares, compared to its average volume of 742,487. The firm has a market capitalization of $715.48 million, a price-to-earnings ratio of -18.38 and a beta of 1.58. The company’s 50 day simple moving average is $5.40 and its 200 day simple moving average is $5.34. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 1.81. BrightSpire Capital has a twelve month low of $4.16 and a twelve month high of $6.45.

BrightSpire Capital (NYSE:BRSP) last released its quarterly earnings data on Wednesday, February 24th. The company reported $0.20 earnings per share for the quarter. The firm had revenue of $37.88 million for the quarter. BrightSpire Capital had a negative net margin of 26.91% and a positive return on equity of 7.51%. Analysts anticipate that BrightSpire Capital will post 0.67 earnings per share for the current year.

BrightSpire Capital Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were issued a dividend of $0.16 per share. The ex-dividend date was Tuesday, September 30th. This represents a $0.64 annualized dividend and a yield of 11.6%. BrightSpire Capital’s payout ratio is -213.33%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of New York Mellon Corp grew its stake in BrightSpire Capital by 2.3% in the 1st quarter. Bank of New York Mellon Corp now owns 366,248 shares of the company’s stock valued at $2,036,000 after purchasing an additional 8,404 shares during the period. Y Intercept Hong Kong Ltd boosted its holdings in shares of BrightSpire Capital by 400.8% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 101,105 shares of the company’s stock worth $562,000 after buying an additional 80,918 shares during the last quarter. Cetera Investment Advisers grew its position in BrightSpire Capital by 4.5% during the first quarter. Cetera Investment Advisers now owns 74,753 shares of the company’s stock valued at $416,000 after buying an additional 3,224 shares during the period. Private Management Group Inc. grew its position in BrightSpire Capital by 2.7% during the first quarter. Private Management Group Inc. now owns 4,758,232 shares of the company’s stock valued at $26,456,000 after buying an additional 125,500 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in BrightSpire Capital by 36.5% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 64,181 shares of the company’s stock worth $357,000 after buying an additional 17,178 shares during the last quarter. Hedge funds and other institutional investors own 56.57% of the company’s stock.

About BrightSpire Capital

BrightSpire Capital, Inc operates as a commercial real estate (CRE) credit real estate investment trust in the United States and Europe. The company operates through Senior and Mezzanine Loans and Preferred Equity; Net Leased and Other Real Estate; and Corporate and Other segments. It focuses on originating, acquiring, financing, and managing a diversified portfolio of CRE debt investments consisting of first mortgage loans, senior loans, debt securities, mezzanine loans, and preferred equity investments, as well as net leased properties.