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

BrightSpire Capital, Inc. (NYSE:BRSPGet Free Report) has been assigned a consensus rating of “Hold” from the six ratings firms that are covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation and four have given a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $6.75.

A number of equities analysts recently commented on BRSP shares. Weiss Ratings lowered BrightSpire Capital from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, May 26th. JonesTrading reaffirmed a “buy” rating and set a $6.50 price objective on shares of BrightSpire Capital in a report on Wednesday. Finally, BTIG Research raised BrightSpire Capital from a “neutral” rating to a “buy” rating and set a $7.00 price objective on the stock in a report on Wednesday, April 22nd.

Get Our Latest Report on BRSP

Hedge Funds Weigh In On BrightSpire Capital

Institutional investors have recently bought and sold shares of the business. Financial Gravity Asset Management Inc. grew its stake in shares of BrightSpire Capital by 59.2% in the 4th quarter. Financial Gravity Asset Management Inc. now owns 4,835 shares of the company’s stock worth $27,000 after buying an additional 1,798 shares in the last quarter. Cassaday & Co Wealth Management LLC purchased a new stake in shares of BrightSpire Capital during the 1st quarter valued at about $32,000. Axiom Investment Management LLC bought a new position in shares of BrightSpire Capital in the 1st quarter valued at about $33,000. National Bank of Canada FI lifted its holdings in shares of BrightSpire Capital by 50.0% in the 3rd quarter. National Bank of Canada FI now owns 7,500 shares of the company’s stock valued at $41,000 after acquiring an additional 2,500 shares during the last quarter. Finally, KBC Group NV purchased a new position in BrightSpire Capital in the first quarter worth about $48,000. Institutional investors own 56.57% of the company’s stock.

BrightSpire Capital Price Performance

Shares of BRSP traded up $0.10 during midday trading on Thursday, hitting $5.11. 231,771 shares of the company traded hands, compared to its average volume of 1,107,191. The firm has a 50 day moving average of $5.48 and a 200-day moving average of $5.69. BrightSpire Capital has a 52 week low of $4.91 and a 52 week high of $6.16. The stock has a market cap of $665.08 million, a price-to-earnings ratio of -22.19 and a beta of 1.28. The company has a debt-to-equity ratio of 2.40, a quick ratio of 0.51 and a current ratio of 0.51.

BrightSpire Capital (NYSE:BRSPGet Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.02). BrightSpire Capital had a negative net margin of 20.43% and a positive return on equity of 6.85%. The firm had revenue of $48.70 million for the quarter, compared to analysts’ expectations of $64.31 million. On average, analysts forecast that BrightSpire Capital will post 0.51 EPS for the current fiscal year.

BrightSpire Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were given a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 12.5%. The ex-dividend date was Tuesday, June 30th. BrightSpire Capital’s payout ratio is currently -237.04%.

BrightSpire Capital Company Profile

(Get Free Report)

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.

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Analyst Recommendations for BrightSpire Capital (NYSE:BRSP)

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