Analysts Set BrightSpire Capital, Inc. (NYSE:BRSP) PT at $6.54

BrightSpire Capital, Inc. (NYSE:BRSP) has been assigned a consensus rating of “Hold” from the seven brokerages that are currently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating and five have given a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $6.40.

BRSP has been the topic of several recent analyst reports. Weiss Ratings restated a “sell (d+)” rating on shares of BrightSpire Capital in a report on Monday, December 29th. Citigroup restated a “market outperform” rating on shares of BrightSpire Capital in a research report on Thursday, October 30th. Finally, B. Riley assumed coverage on BrightSpire Capital in a research note on Monday, January 5th. They set a “buy” rating and a $7.50 price objective for the company.

BrightSpire Capital Stock Down 0.1%

BRSP stock opened at $5.96 on Friday. The stock has a market cap of $772.54 million, a P/E ratio of -19.85 and a beta of 1.38. BrightSpire Capital has a twelve month low of $4.16 and a twelve month high of $6.32. The business’s 50-day moving average price is $5.72 and its 200-day moving average price is $5.51. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 1.81.

BrightSpire Capital (NYSE:BRSP) last announced its quarterly earnings results on Tuesday, October 28th. The company reported $0.16 EPS for the quarter, meeting analysts’ consensus estimates of $0.16. BrightSpire Capital had a positive return on equity of 7.51% and a negative net margin of 26.91%.The company had revenue of $35.05 million during the quarter, compared to analyst estimates of $84.43 million. On average, equities research analysts forecast that BrightSpire Capital will post 0.67 EPS for the current year.

BrightSpire Capital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were given a dividend of $0.16 per share. The ex-dividend date was Wednesday, December 31st. This represents a $0.64 dividend on an annualized basis and a dividend yield of 10.7%. BrightSpire Capital’s dividend payout ratio (DPR) is currently -213.33%.

Institutional Trading of BrightSpire Capital

Several hedge funds have recently added to or reduced their stakes in BRSP. National Bank of Canada FI boosted its stake in BrightSpire Capital by 50.0% during the 3rd quarter. National Bank of Canada FI now owns 7,500 shares of the company’s stock worth $41,000 after purchasing an additional 2,500 shares during the period. Atria Wealth Solutions Inc. purchased a new position in BrightSpire Capital in the 2nd quarter valued at approximately $53,000. Xponance Inc. purchased a new stake in shares of BrightSpire Capital in the 3rd quarter worth about $55,000. CIBC Private Wealth Group LLC grew its position in shares of BrightSpire Capital by 812.1% in the third quarter. CIBC Private Wealth Group LLC now owns 10,945 shares of the company’s stock valued at $59,000 after purchasing an additional 9,745 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its position in BrightSpire Capital by 101.2% during the second quarter. Tower Research Capital LLC TRC now owns 11,930 shares of the company’s stock worth $60,000 after buying an additional 6,001 shares in the last quarter. Institutional investors and hedge funds own 56.57% of the company’s stock.

BrightSpire Capital Company Profile

BrightSpire Capital Inc (NYSE: BRSP) is a real estate investment trust (REIT) specializing in commercial real estate debt. The company primarily originates, acquires and manages a diversified portfolio of mortgage loans, mezzanine loans and preferred equity investments secured by office, retail, industrial, multifamily and hospitality assets across the United States. By focusing on income-producing credit instruments, BrightSpire seeks to deliver attractive risk-adjusted returns to its shareholders through regular dividend distributions.

BrightSpire’s investment strategy spans the capital structure of commercial real estate, with an emphasis on senior mortgages that offer more stable cash flows and downside protection.