BrightSpire Capital, Inc. (NYSE:BRSP) Receives $7.45 Consensus Target Price from Brokerages

Shares of BrightSpire Capital, Inc. (NYSE:BRSP) have earned an average rating of “Moderate Buy” from the six research firms that are currently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $7.69.

A number of research firms recently commented on BRSP. B. Riley lowered their price objective on shares of BrightSpire Capital from $10.00 to $9.00 and set a “buy” rating on the stock in a research note on Tuesday, January 7th. Alliance Global Partners began coverage on shares of BrightSpire Capital in a research note on Friday, January 17th. They set a “buy” rating and a $7.25 price objective on the stock.

BrightSpire Capital Price Performance

Shares of NYSE:BRSP opened at $6.13 on Wednesday. The firm’s 50 day moving average is $5.81 and its two-hundred day moving average is $5.86. BrightSpire Capital has a 52 week low of $5.07 and a 52 week high of $7.04. The firm has a market capitalization of $794.32 million, a P/E ratio of -5.83 and a beta of 1.88. The company has a current ratio of 0.70, a quick ratio of 0.73 and a debt-to-equity ratio of 1.79.

BrightSpire Capital (NYSE:BRSP) last announced its quarterly earnings results on Tuesday, February 18th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.03). BrightSpire Capital had a negative net margin of 79.23% and a positive return on equity of 8.82%. The firm had revenue of $17.46 million during the quarter, compared to analyst estimates of $65.81 million. During the same quarter in the previous year, the business posted $0.28 EPS. Analysts anticipate that BrightSpire Capital will post 0.67 earnings per share for the current year.

BrightSpire Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a $0.16 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $0.64 annualized dividend and a yield of 10.45%. BrightSpire Capital’s dividend payout ratio (DPR) is -60.95%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in BRSP. Private Advisor Group LLC grew its position in BrightSpire Capital by 14.5% in the third quarter. Private Advisor Group LLC now owns 557,638 shares of the company’s stock worth $3,123,000 after buying an additional 70,752 shares during the last quarter. J.W. Cole Advisors Inc. grew its position in BrightSpire Capital by 222.4% in the third quarter. J.W. Cole Advisors Inc. now owns 108,023 shares of the company’s stock worth $605,000 after buying an additional 74,512 shares during the last quarter. Diversify Advisory Services LLC grew its position in BrightSpire Capital by 27.9% in the third quarter. Diversify Advisory Services LLC now owns 25,131 shares of the company’s stock worth $134,000 after buying an additional 5,482 shares during the last quarter. Private Management Group Inc. grew its position in BrightSpire Capital by 1.9% in the third quarter. Private Management Group Inc. now owns 4,574,973 shares of the company’s stock worth $25,620,000 after buying an additional 85,787 shares during the last quarter. Finally, Atria Investments Inc grew its position in BrightSpire Capital by 34.5% in the third quarter. Atria Investments Inc now owns 30,338 shares of the company’s stock worth $170,000 after buying an additional 7,779 shares during the last quarter. Institutional investors and hedge funds 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.