BrightSpire Capital, Inc. (NYSE:BRSP) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of BrightSpire Capital, Inc. (NYSE:BRSPGet Free Report) have been assigned a consensus rating of “Moderate Buy” from the six analysts that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $6.75.

Several brokerages recently commented on BRSP. Barclays boosted their price objective on shares of BrightSpire Capital from $5.00 to $6.00 and gave the company an “underweight” rating in a research note on Thursday, February 19th. BTIG Research raised shares of 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. Weiss Ratings upgraded shares of BrightSpire Capital from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, May 4th. Finally, JonesTrading reaffirmed a “buy” rating and issued a $6.50 price target on shares of BrightSpire Capital in a report on Wednesday, February 18th.

View Our Latest Analysis on BrightSpire Capital

Institutional Trading of BrightSpire Capital

A number of large investors have recently modified their holdings of BRSP. Financial Gravity Asset Management Inc. raised its stake in BrightSpire Capital by 59.2% in the fourth quarter. Financial Gravity Asset Management Inc. now owns 4,835 shares of the company’s stock valued at $27,000 after purchasing an additional 1,798 shares in the last quarter. Cassaday & Co Wealth Management LLC purchased a new position in BrightSpire Capital in the 1st quarter worth approximately $32,000. National Bank of Canada FI increased 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 worth $41,000 after buying an additional 2,500 shares during the last quarter. KBC Group NV bought a new position in shares of BrightSpire Capital in the 1st quarter worth $48,000. Finally, Main Street Group LTD purchased a new stake in shares of BrightSpire Capital during the 1st quarter valued at $50,000. Institutional investors own 56.57% of the company’s stock.

BrightSpire Capital Stock Down 1.0%

Shares of NYSE BRSP opened at $5.71 on Friday. BrightSpire Capital has a 52 week low of $4.84 and a 52 week high of $6.16. The business has a 50-day simple moving average of $5.76 and a two-hundred day simple moving average of $5.74. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 2.40. The company has a market cap of $743.25 million, a P/E ratio of -21.13, a P/E/G ratio of 2.14 and a beta of 1.31.

BrightSpire Capital (NYSE:BRSPGet Free Report) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.01). BrightSpire Capital had a negative net margin of 24.16% and a positive return on equity of 7.46%. The company had revenue of $51.75 million for the quarter, compared to the consensus estimate of $63.12 million. Research analysts anticipate that BrightSpire Capital will post 0.55 earnings per share for the current fiscal year.

BrightSpire Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 11.2%. The ex-dividend date was Tuesday, March 31st. BrightSpire Capital’s dividend payout ratio is currently -237.04%.

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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