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

BrightSpire Capital, Inc. (NYSE:BRSP) has earned an average rating of “Hold” from the seven brokerages that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $7.45.

BRSP has been the topic of several analyst reports. B. Riley decreased their price target 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 initiated coverage on shares of BrightSpire Capital in a research note on Friday, January 17th. They set a “buy” rating and a $7.25 price target on the stock.

BrightSpire Capital Price Performance

BrightSpire Capital stock opened at $6.23 on Wednesday. BrightSpire Capital has a 52 week low of $5.07 and a 52 week high of $7.04. The company has a quick ratio of 0.73, a current ratio of 0.70 and a debt-to-equity ratio of 1.79. The firm’s 50-day simple moving average is $5.80 and its 200 day simple moving average is $5.85. The firm has a market capitalization of $807.29 million, a PE ratio of -5.93 and a beta of 1.88.

BrightSpire Capital (NYSE:BRSP) last released its quarterly earnings data 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 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 prior year, the firm earned $0.28 earnings per share. On average, equities research analysts predict that BrightSpire Capital will post 0.67 EPS for the current fiscal year.

BrightSpire Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.16 per share. The ex-dividend date was Tuesday, December 31st. This represents a $0.64 dividend on an annualized basis and a dividend yield of 10.28%. BrightSpire Capital’s dividend payout ratio is currently -60.95%.

Institutional Trading of BrightSpire Capital

A number of hedge funds have recently made changes to their positions in BRSP. Ameriflex Group Inc. purchased a new stake in shares of BrightSpire Capital during the fourth quarter valued at approximately $37,000. Avior Wealth Management LLC raised its stake in shares of BrightSpire Capital by 363.1% during the third quarter. Avior Wealth Management LLC now owns 9,266 shares of the company’s stock valued at $52,000 after purchasing an additional 7,265 shares during the period. Brevan Howard Capital Management LP purchased a new stake in shares of BrightSpire Capital during the fourth quarter valued at approximately $57,000. Winthrop Advisory Group LLC bought a new stake in shares of BrightSpire Capital in the fourth quarter worth $61,000. Finally, Dark Forest Capital Management LP bought a new stake in shares of BrightSpire Capital in the fourth quarter worth $64,000. Hedge funds and other institutional investors 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.