BrightSpire Capital, Inc. (NYSE:BRSP) Given Consensus Recommendation of “Hold” by Brokerages

Shares of BrightSpire Capital, Inc. (NYSE:BRSP) have been assigned a consensus rating of “Hold” from the seven ratings firms that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $7.45.

A number of equities analysts have commented on the stock. Alliance Global Partners started coverage on shares of BrightSpire Capital in a research report on Friday, January 17th. They issued a “buy” rating and a $7.25 price target on the stock. B. Riley decreased their price target on BrightSpire Capital from $10.00 to $9.00 and set a “buy” rating on the stock in a research report on Tuesday, January 7th.

BrightSpire Capital Stock Down 0.1 %

Shares of NYSE:BRSP opened at $5.63 on Friday. The company has a market capitalization of $730.65 million, a PE ratio of -5.52 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. The company’s fifty day moving average is $5.94 and its 200-day moving average is $5.86. BrightSpire Capital has a 52 week low of $5.07 and a 52 week high of $7.49.

BrightSpire Capital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given 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 11.36%. BrightSpire Capital’s payout ratio is -62.75%.

Institutional Trading of BrightSpire Capital

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Avior Wealth Management LLC boosted its position in BrightSpire Capital by 363.1% in the 3rd quarter. Avior Wealth Management LLC now owns 9,266 shares of the company’s stock valued at $52,000 after buying an additional 7,265 shares during the last quarter. ORG Partners LLC bought a new position in BrightSpire Capital in the third quarter valued at about $53,000. McAdam LLC acquired a new stake in BrightSpire Capital in the third quarter worth about $58,000. Winthrop Advisory Group LLC bought a new stake in BrightSpire Capital during the 4th quarter worth about $61,000. Finally, Fermata Advisors LLC acquired a new position in BrightSpire Capital during the 4th quarter valued at about $65,000. Institutional investors and hedge funds 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.