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

Shares of BrightSpire Capital, Inc. (NYSE:BRSP) have been assigned an average recommendation of “Hold” from the seven analysts that are covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating and five have assigned a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $6.5417.

Several equities analysts have recently weighed in on BRSP shares. B. Riley initiated coverage on BrightSpire Capital in a research note on Monday, January 5th. They issued a “buy” rating and a $7.50 price objective on the stock. Citigroup reiterated a “market outperform” rating on shares of BrightSpire Capital in a research note on Thursday, October 30th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of BrightSpire Capital in a research note on Monday, December 29th.

BrightSpire Capital Stock Down 0.4%

Shares of NYSE BRSP opened at $5.86 on Friday. The stock has a market capitalization of $759.57 million, a PE ratio of -19.52 and a beta of 1.38. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 1.81. The firm has a fifty day moving average of $5.67 and a 200-day moving average of $5.49. BrightSpire Capital has a 52-week low of $4.16 and a 52-week high of $6.32.

BrightSpire Capital (NYSE:BRSP) last issued its earnings results on Wednesday, February 24th. The company reported $0.20 earnings per share for the quarter. BrightSpire Capital had a positive return on equity of 7.51% and a negative net margin of 26.91%.The firm had revenue of $37.88 million for the quarter. On average, analysts anticipate that BrightSpire Capital will post 0.67 EPS for the current year.

BrightSpire Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be given a $0.16 dividend. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $0.64 annualized dividend and a yield of 10.9%. BrightSpire Capital’s dividend payout ratio (DPR) is -213.33%.

Institutional Investors Weigh In On BrightSpire Capital

A number of large investors have recently modified their holdings of BRSP. National Bank of Canada FI increased its stake in shares of BrightSpire Capital by 50.0% in the third 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. Atria Wealth Solutions Inc. acquired a new position in BrightSpire Capital during the 2nd quarter worth $53,000. Xponance Inc. bought a new stake in shares of BrightSpire Capital in the 3rd quarter worth about $55,000. CIBC Private Wealth Group LLC raised its stake in shares of BrightSpire Capital by 812.1% in the 3rd 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 in the last quarter. Finally, Tower Research Capital LLC TRC lifted its position in shares of 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 purchasing an additional 6,001 shares during 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.