BrightSpire Capital, Inc. (NYSE:BRSP) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of BrightSpire Capital, Inc. (NYSE:BRSP) have received a consensus rating of “Moderate Buy” from the six research firms that are presently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $7.69.

A number of brokerages have recently commented on BRSP. B. Riley dropped 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. Alliance Global Partners assumed coverage on shares of BrightSpire Capital in a report on Friday, January 17th. They set a “buy” rating and a $7.25 price objective on the stock.

BrightSpire Capital Stock Performance

BRSP stock opened at $5.80 on Friday. The firm has a market cap of $751.52 million, a PE ratio of -5.52 and a beta of 1.98. 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 business has a 50 day moving average of $5.88 and a 200-day moving average of $5.88. BrightSpire Capital has a 12-month low of $5.07 and a 12-month high of $6.93.

BrightSpire Capital (NYSE:BRSP) last posted its quarterly earnings results on Tuesday, February 18th. The company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $17.46 million during the quarter, compared to the consensus estimate of $65.81 million. During the same period last year, the firm posted $0.28 EPS. As a group, sell-side analysts expect that BrightSpire Capital will post 0.67 earnings per share for the current year.

BrightSpire Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a dividend of $0.16 per share. The ex-dividend date is Monday, March 31st. This represents a $0.64 dividend on an annualized basis and a dividend yield of 11.04%. BrightSpire Capital’s payout ratio is -60.95%.

Institutional Investors Weigh In On BrightSpire Capital

A number of institutional investors and hedge funds have recently modified their holdings of the company. Private Management Group Inc. raised its position in shares of 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 buying an additional 57,759 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of BrightSpire Capital by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 3,082,637 shares of the company’s stock valued at $17,267,000 after acquiring an additional 14,606 shares in the last quarter. Conversant Capital LLC raised its holdings 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 valued at $15,799,000 after acquiring an additional 100,000 shares in the last quarter. Northern Trust Corp grew its holdings in shares of BrightSpire Capital by 7.6% during the fourth quarter. Northern Trust Corp now owns 1,287,299 shares of the company’s stock worth $7,260,000 after purchasing an additional 91,263 shares in the last quarter. Finally, Van ECK Associates Corp increased its position in shares of BrightSpire Capital by 12.8% in the fourth quarter. Van ECK Associates Corp now owns 1,134,821 shares of the company’s stock worth $6,400,000 after purchasing an additional 129,120 shares during the last quarter. 56.57% of the stock is owned by hedge funds and other institutional investors.

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.