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

BrightSpire Capital, Inc. (NYSE:BRSP) has been assigned a consensus recommendation of “Moderate Buy” from the six analysts that are covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $7.69.

A number of equities research analysts recently weighed in on the company. Alliance Global Partners assumed coverage on BrightSpire Capital in a report on Friday, January 17th. They issued a “buy” rating and a $7.25 price target on the stock. B. Riley lowered their price target on BrightSpire Capital from $10.00 to $9.00 and set a “buy” rating for the company in a report on Tuesday, January 7th. Finally, Jones Trading cut their target price on BrightSpire Capital from $7.25 to $6.50 and set a “buy” rating on the stock in a research report on Thursday.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Barclays PLC grew its position in shares of BrightSpire Capital by 329.1% in the 3rd quarter. Barclays PLC now owns 198,351 shares of the company’s stock worth $1,110,000 after acquiring an additional 152,131 shares in the last quarter. Jane Street Group LLC raised its holdings in shares of BrightSpire Capital by 19.7% during the third quarter. Jane Street Group LLC now owns 193,470 shares of the company’s stock worth $1,083,000 after purchasing an additional 31,865 shares during the period. Geode Capital Management LLC boosted its holdings in shares of BrightSpire Capital by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 3,082,637 shares of the company’s stock valued at $17,267,000 after buying an additional 14,606 shares during the period. Atria Wealth Solutions Inc. acquired a new position in shares of BrightSpire Capital in the 4th quarter valued at about $72,000. Finally, J.W. Cole Advisors Inc. raised its stake in BrightSpire Capital by 46.1% during the fourth quarter. J.W. Cole Advisors Inc. now owns 157,857 shares of the company’s stock worth $890,000 after acquiring an additional 49,834 shares during the period. 56.57% of the stock is owned by institutional investors and hedge funds.

BrightSpire Capital Stock Performance

Shares of BRSP stock traded up $0.08 during mid-day trading on Thursday, hitting $4.50. The stock had a trading volume of 64,684 shares, compared to its average volume of 762,060. BrightSpire Capital has a fifty-two week low of $4.16 and a fifty-two week high of $6.71. The company’s 50-day simple moving average is $5.63 and its 200-day simple moving average is $5.77. The firm has a market cap of $587.31 million, a PE ratio of -4.30 and a beta of 1.54. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.70 and a quick ratio of 0.73.

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

BrightSpire Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a dividend of $0.16 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.64 annualized dividend and a yield of 14.24%. BrightSpire Capital’s dividend payout ratio is presently -60.95%.

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.