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

BrightSpire Capital, Inc. (NYSE:BRSP) has been assigned an average rating of “Moderate Buy” from the six analysts that are currently covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $7.69.

Several research analysts have recently commented on BRSP shares. Alliance Global Partners assumed coverage on BrightSpire Capital in a report on Friday, January 17th. They issued a “buy” rating and a $7.25 price objective on the stock. B. Riley dropped their price objective on BrightSpire Capital from $10.00 to $9.00 and set a “buy” rating for the company in a report on Tuesday, January 7th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Ameriflex Group Inc. purchased a new position in BrightSpire Capital during the 4th quarter valued at about $37,000. Avior Wealth Management LLC increased its stake in shares of BrightSpire Capital by 363.1% during the third quarter. Avior Wealth Management LLC now owns 9,266 shares of the company’s stock valued at $52,000 after purchasing an additional 7,265 shares in the last quarter. Brevan Howard Capital Management LP purchased a new position in shares of BrightSpire Capital during the fourth quarter valued at approximately $57,000. Winthrop Advisory Group LLC bought a new stake in shares of BrightSpire Capital in the 4th quarter worth approximately $61,000. Finally, Dark Forest Capital Management LP purchased a new stake in shares of BrightSpire Capital in the 4th quarter worth approximately $64,000. Hedge funds and other institutional investors own 56.57% of the company’s stock.

BrightSpire Capital Stock Down 0.1 %

Shares of BRSP opened at $5.80 on Friday. The firm has a market cap of $751.52 million, a P/E ratio of -5.52 and a beta of 1.98. BrightSpire Capital has a 1 year low of $5.07 and a 1 year high of $6.93. The stock has a 50 day simple moving average of $5.88 and a two-hundred day simple moving average of $5.88. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.70 and a quick ratio of 0.73.

BrightSpire Capital (NYSE:BRSP) last announced its quarterly earnings data on Tuesday, February 18th. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.03). The business had revenue of $17.46 million during the quarter, compared to analysts’ expectations 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 last year, the company posted $0.28 EPS. On average, analysts forecast that BrightSpire Capital will post 0.67 earnings per share for the current fiscal year.

BrightSpire Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a $0.16 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.64 annualized dividend and a yield of 11.04%. BrightSpire Capital’s dividend payout ratio (DPR) 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.