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

Shares of BrightSpire Capital, Inc. (NYSE:BRSP) have received an average rating of “Moderate Buy” from the six ratings firms that are currently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $7.69.

BRSP has been the topic of several research analyst reports. B. Riley reduced 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 report on Tuesday, January 7th. Alliance Global Partners initiated coverage on shares of BrightSpire Capital in a research report on Friday, January 17th. They set a “buy” rating and a $7.25 price target on the stock.

Hedge Funds Weigh In On BrightSpire Capital

A number of large investors have recently bought and sold shares of BRSP. Private Advisor Group LLC lifted its holdings in BrightSpire Capital by 14.5% in the third quarter. Private Advisor Group LLC now owns 557,638 shares of the company’s stock worth $3,123,000 after acquiring an additional 70,752 shares during the last quarter. J.W. Cole Advisors Inc. lifted its holdings in BrightSpire Capital by 222.4% in the third quarter. J.W. Cole Advisors Inc. now owns 108,023 shares of the company’s stock worth $605,000 after acquiring an additional 74,512 shares during the last quarter. Diversify Advisory Services LLC lifted its holdings in BrightSpire Capital by 27.9% in the third quarter. Diversify Advisory Services LLC now owns 25,131 shares of the company’s stock worth $134,000 after acquiring an additional 5,482 shares during the last quarter. Private Management Group Inc. lifted its holdings in BrightSpire Capital by 1.9% in the third quarter. Private Management Group Inc. now owns 4,574,973 shares of the company’s stock worth $25,620,000 after acquiring an additional 85,787 shares during the last quarter. Finally, Atria Investments Inc increased its stake in shares of BrightSpire Capital by 34.5% in the third quarter. Atria Investments Inc now owns 30,338 shares of the company’s stock valued at $170,000 after purchasing an additional 7,779 shares during the period. Institutional investors own 56.57% of the company’s stock.

BrightSpire Capital Trading Down 1.2 %

BRSP stock opened at $6.13 on Wednesday. The business has a fifty day simple moving average of $5.81 and a 200-day simple moving average of $5.86. 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 company has a market cap of $794.32 million, a price-to-earnings ratio of -5.83 and a beta of 1.88. BrightSpire Capital has a 52 week low of $5.07 and a 52 week high of $7.04.

BrightSpire Capital (NYSE:BRSP) last announced its earnings results on Tuesday, February 18th. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate 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 analyst estimates of $65.81 million. During the same quarter in the prior year, the business earned $0.28 earnings per share. On average, equities research analysts expect that BrightSpire Capital will post 0.67 EPS for the current year.

BrightSpire Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a $0.16 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $0.64 dividend on an annualized basis and a yield of 10.45%. BrightSpire Capital’s dividend payout ratio is currently -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.