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

Shares of BrightSpire Capital, Inc. (NYSE:BRSP) have been given a consensus recommendation of “Moderate Buy” by the seven analysts that are currently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $7.45.

BRSP has been the topic of several research analyst reports. B. Riley decreased their target price on BrightSpire Capital from $10.00 to $9.00 and set a “buy” rating on the stock in a report on Tuesday, January 7th. Jones Trading dropped their target price on shares of BrightSpire Capital from $7.25 to $6.50 and set a “buy” rating for the company in a research report on Thursday. Finally, 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.

Institutional Trading of BrightSpire Capital

Several hedge funds and other institutional investors have recently modified their holdings of BRSP. CF Capital LLC bought a new position in shares of BrightSpire Capital during the fourth quarter worth about $4,343,000. Gratia Capital LLC acquired a new position in BrightSpire Capital during the 4th quarter worth approximately $3,384,000. Almitas Capital LLC bought a new position in shares of BrightSpire Capital during the 4th quarter worth approximately $2,010,000. Balyasny Asset Management L.P. raised its holdings in shares of BrightSpire Capital by 16.9% in the fourth quarter. Balyasny Asset Management L.P. now owns 1,132,234 shares of the company’s stock valued at $6,386,000 after purchasing an additional 163,790 shares during the last quarter. Finally, Barclays PLC lifted its position in shares of BrightSpire Capital by 329.1% in the third quarter. Barclays PLC now owns 198,351 shares of the company’s stock worth $1,110,000 after purchasing an additional 152,131 shares in the last quarter. Institutional investors and hedge funds own 56.57% of the company’s stock.

BrightSpire Capital Stock Up 1.9 %

Shares of NYSE BRSP opened at $4.51 on Thursday. BrightSpire Capital has a 52-week low of $4.16 and a 52-week high of $6.71. 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 business has a fifty day moving average of $5.58 and a two-hundred day moving average of $5.76. The stock has a market cap of $588.61 million, a PE ratio of -4.29 and a beta of 1.54.

BrightSpire Capital (NYSE:BRSP) last announced its quarterly earnings results on Tuesday, February 18th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.03). The firm had revenue of $17.46 million for the quarter, compared to the consensus estimate of $65.81 million. BrightSpire Capital had a negative net margin of 79.23% and a positive return on equity of 8.82%. During the same period in the prior year, the business earned $0.28 earnings per share. As a group, equities research analysts expect that BrightSpire Capital will post 0.67 earnings per share for the current fiscal year.

BrightSpire Capital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 14.21%. The ex-dividend date of this dividend was Monday, March 31st. BrightSpire Capital’s payout ratio is presently -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.