Analysts Set BrightSpire Capital, Inc. (NYSE:BRSP) Target Price at $7.69

Shares of BrightSpire Capital, Inc. (NYSE:BRSP) have earned an average rating of “Moderate Buy” from the six brokerages that are covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $7.69.

BRSP has been the topic of several recent research reports. Alliance Global Partners initiated 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 reduced their price target on shares of BrightSpire Capital from $10.00 to $9.00 and set a “buy” rating for the company in a report on Tuesday, January 7th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Private Management Group Inc. lifted its holdings in BrightSpire Capital by 1.3% in the fourth quarter. Private Management Group Inc. now owns 4,632,732 shares of the company’s stock worth $26,129,000 after purchasing an additional 57,759 shares during the period. Geode Capital Management LLC raised its position in shares of BrightSpire Capital by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 3,082,637 shares of the company’s stock worth $17,267,000 after buying an additional 14,606 shares in the last quarter. Conversant Capital LLC lifted its stake in shares of BrightSpire Capital by 3.7% in the 4th quarter. Conversant Capital LLC now owns 2,801,223 shares of the company’s stock worth $15,799,000 after acquiring an additional 100,000 shares during the period. Northern Trust Corp boosted its holdings in shares of BrightSpire Capital by 7.6% in the fourth quarter. Northern Trust Corp now owns 1,287,299 shares of the company’s stock valued at $7,260,000 after acquiring an additional 91,263 shares in the last quarter. Finally, Van ECK Associates Corp increased its stake in shares of BrightSpire Capital by 12.8% during the fourth quarter. Van ECK Associates Corp now owns 1,134,821 shares of the company’s stock valued at $6,400,000 after acquiring an additional 129,120 shares during the period. Institutional investors own 56.57% of the company’s stock.

BrightSpire Capital Stock Up 0.3 %

Shares of NYSE:BRSP opened at $5.84 on Friday. The company’s fifty day moving average is $5.88 and its two-hundred day moving average is $5.88. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.73 and a current ratio of 0.70. BrightSpire Capital has a 1-year low of $5.07 and a 1-year high of $6.98. The stock has a market capitalization of $757.36 million, a price-to-earnings ratio of -5.56 and a beta of 1.98.

BrightSpire Capital (NYSE:BRSP) last announced its quarterly earnings data on Tuesday, February 18th. The company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $17.46 million for the quarter, compared to the consensus estimate of $65.81 million. During the same period in the prior year, the company earned $0.28 EPS. Equities analysts anticipate that BrightSpire Capital will post 0.67 EPS for the current year.

BrightSpire Capital Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 10.96%. The ex-dividend date of this dividend is Monday, March 31st. BrightSpire Capital’s payout ratio is currently -60.95%.

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.