BrightSpire Capital (NYSE:BRSP) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of BrightSpire Capital (NYSE:BRSPFree Report) from a sell rating to a hold rating in a research report sent to investors on Sunday.

A number of other research analysts have also weighed in on the company. Weiss Ratings lowered BrightSpire Capital from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, May 26th. BTIG Research raised BrightSpire Capital from a “neutral” rating to a “buy” rating and set a $7.00 price target for the company in a report on Wednesday, April 22nd. B. Riley Financial reduced their price objective on shares of BrightSpire Capital from $7.00 to $6.50 and set a “buy” rating for the company in a research report on Thursday, July 30th. Finally, JonesTrading reiterated a “buy” rating and issued a $6.50 price objective on shares of BrightSpire Capital in a report on Wednesday, July 29th. Four equities research analysts have rated the stock with a Buy rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, BrightSpire Capital presently has an average rating of “Hold” and a consensus target price of $6.50.

View Our Latest Stock Analysis on BrightSpire Capital

BrightSpire Capital Price Performance

Shares of NYSE BRSP opened at $4.86 on Friday. The business’s 50 day moving average price is $5.30 and its two-hundred day moving average price is $5.60. The company has a market cap of $614.25 million, a PE ratio of -21.11, a price-to-earnings-growth ratio of 3.56 and a beta of 1.29. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 2.75. BrightSpire Capital has a twelve month low of $4.81 and a twelve month high of $6.16.

BrightSpire Capital (NYSE:BRSPGet Free Report) last released its quarterly earnings data on Tuesday, July 28th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.02). BrightSpire Capital had a negative net margin of 20.43% and a positive return on equity of 7.01%. The business had revenue of $48.70 million during the quarter, compared to the consensus estimate of $64.31 million. On average, analysts predict that BrightSpire Capital will post 0.47 EPS for the current year.

BrightSpire Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 13.2%. The ex-dividend date was Tuesday, June 30th. BrightSpire Capital’s payout ratio is currently -278.26%.

Hedge Funds Weigh In On BrightSpire Capital

A number of large investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio acquired a new stake in BrightSpire Capital during the 2nd quarter worth approximately $26,000. Financial Gravity Asset Management Inc. grew its holdings in BrightSpire Capital by 59.2% in the 4th quarter. Financial Gravity Asset Management Inc. now owns 4,835 shares of the company’s stock valued at $27,000 after buying an additional 1,798 shares in the last quarter. Cassaday & Co Wealth Management LLC acquired a new position in BrightSpire Capital in the 1st quarter valued at $32,000. Axiom Investment Management LLC bought a new position in BrightSpire Capital during the 1st quarter worth $33,000. Finally, National Bank of Canada FI increased its position 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 buying an additional 2,500 shares during the period. Institutional investors own 56.57% of the company’s stock.

About BrightSpire Capital

(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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