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

BrightSpire Capital, Inc. (NYSE:BRSP) has been given an average rating of “Hold” by the seven brokerages that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $7.45.

Several equities analysts recently commented on BRSP shares. 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 began coverage on shares of BrightSpire Capital in a research note on Friday, January 17th. They set a “buy” rating and a $7.25 price objective on the stock.

BrightSpire Capital Trading Up 1.4 %

BRSP stock opened at $6.16 on Wednesday. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.73 and a current ratio of 0.70. The company’s 50-day simple moving average is $5.78 and its 200 day simple moving average is $5.84. BrightSpire Capital has a 52 week low of $5.07 and a 52 week high of $7.04. The company has a market capitalization of $798.21 million, a PE ratio of -5.86 and a beta of 1.88.

BrightSpire Capital (NYSE:BRSP) last released its quarterly earnings results 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 negative net margin of 79.23% and a positive return on equity of 8.82%. The business had revenue of $17.46 million during the quarter, compared to analyst estimates of $65.81 million. During the same quarter last year, the company posted $0.28 earnings per share. As a group, sell-side analysts anticipate that BrightSpire Capital will post 0.67 earnings per share for the current year.

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 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 dividend yield of 10.40%. BrightSpire Capital’s dividend payout ratio (DPR) is currently -60.95%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in BRSP. Private Advisor Group LLC lifted its holdings in shares of 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 shares of 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 shares of 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 shares of 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 lifted its holdings 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 worth $170,000 after acquiring an additional 7,779 shares during the last quarter. 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.