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

Shares of BrightSpire Capital, Inc. (NYSE:BRSP) have been assigned a consensus recommendation of “Hold” from the seven analysts that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $7.45.

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

Institutional Trading of BrightSpire Capital

Hedge funds have recently bought and sold shares of the business. Ameriflex Group Inc. acquired a new stake in BrightSpire Capital in the 4th quarter valued at $37,000. Avior Wealth Management LLC grew its position in BrightSpire Capital by 363.1% in the 3rd 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 during the period. Brevan Howard Capital Management LP acquired a new stake in BrightSpire Capital in the 4th quarter valued at $57,000. Winthrop Advisory Group LLC acquired a new stake in BrightSpire Capital in the 4th quarter valued at $61,000. Finally, Dark Forest Capital Management LP acquired a new stake in BrightSpire Capital in the 4th quarter valued at $64,000. Institutional investors and hedge funds own 56.57% of the company’s stock.

BrightSpire Capital Stock Performance

NYSE:BRSP opened at $6.16 on Wednesday. The company has a market capitalization of $798.21 million, a PE ratio of -5.86 and a beta of 1.88. The company has a 50 day simple moving average of $5.78 and a two-hundred day simple moving average of $5.84. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.73 and a current ratio of 0.70. BrightSpire Capital has a fifty-two week low of $5.07 and a fifty-two week high of $7.04.

BrightSpire Capital (NYSE:BRSP) last released its earnings results on Tuesday, February 18th. The company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.03). The firm had revenue of $17.46 million for the quarter, compared to analyst estimates 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 company posted $0.28 EPS. Research analysts anticipate that BrightSpire Capital will post 0.67 earnings per share for the current year.

BrightSpire Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 10.40%. The ex-dividend date was Tuesday, December 31st. BrightSpire Capital’s 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.