BrightSpire Capital (NYSE:BRSP) Research Coverage Started at Alliance Global Partners

Alliance Global Partners assumed coverage on shares of BrightSpire Capital (NYSE:BRSP) in a research note published on Friday morning, MarketBeat reports. The firm issued a buy rating and a $7.25 price objective on the stock.

Several other research firms have also issued reports on BRSP. JMP Securities restated a “market outperform” rating and issued a $7.50 target price on shares of BrightSpire Capital in a report on Thursday, September 19th. B. Riley decreased their price objective on shares of BrightSpire Capital from $10.00 to $9.00 and set a “buy” rating for the company in a research note on Tuesday, January 7th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $7.45.

BrightSpire Capital Stock Performance

NYSE BRSP opened at $5.78 on Friday. The business’s 50 day moving average price is $6.05 and its 200-day moving average price is $5.88. BrightSpire Capital has a fifty-two week low of $5.07 and a fifty-two week high of $7.71. The company has a market cap of $748.90 million, a P/E ratio of -5.66 and a beta of 1.88. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.73 and a current ratio of 0.73.

BrightSpire Capital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 11.08%. The ex-dividend date was Tuesday, December 31st. BrightSpire Capital’s dividend payout ratio (DPR) is presently -62.75%.

Institutional Trading of BrightSpire Capital

A number of hedge funds have recently added to or reduced their stakes in the business. Fermata Advisors LLC bought a new position in BrightSpire Capital in the fourth quarter worth approximately $65,000. Winthrop Advisory Group LLC bought a new position in shares of BrightSpire Capital in the 4th quarter worth $61,000. ORG Partners LLC lifted its stake in shares of BrightSpire Capital by 221.9% during the 4th quarter. ORG Partners LLC now owns 30,619 shares of the company’s stock worth $173,000 after purchasing an additional 21,108 shares during the last quarter. Garden State Investment Advisory Services LLC purchased a new stake in shares of BrightSpire Capital during the 3rd quarter worth $75,000. Finally, Barclays PLC boosted its position in BrightSpire Capital by 329.1% during the third quarter. Barclays PLC now owns 198,351 shares of the company’s stock valued at $1,110,000 after purchasing an additional 152,131 shares in the last quarter. 56.57% of the stock is owned by hedge funds and other institutional investors.

BrightSpire Capital Company Profile

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.