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S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
Chinese leader Xi issues a positive message at a meeting with US business leaders as ties improve
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
Low VIX? 3 High Beta Stocks To Boost Your Returns
Best Bear Market Funds: Top 3 Investment Options to Consider
How and When to Roll Your Options Positions?
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
Chinese leader Xi issues a positive message at a meeting with US business leaders as ties improve
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
Low VIX? 3 High Beta Stocks To Boost Your Returns
Best Bear Market Funds: Top 3 Investment Options to Consider
How and When to Roll Your Options Positions?
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
Chinese leader Xi issues a positive message at a meeting with US business leaders as ties improve
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
Low VIX? 3 High Beta Stocks To Boost Your Returns
Best Bear Market Funds: Top 3 Investment Options to Consider
How and When to Roll Your Options Positions?
NYSE:BRSP

BrightSpire Capital (BRSP) Stock Price, News & Analysis

$6.81
+0.14 (+2.10%)
(As of 03/27/2024 ET)
Today's Range
$6.67
$6.83
50-Day Range
$6.54
$7.69
52-Week Range
$5.20
$8.01
Volume
690,450 shs
Average Volume
728,242 shs
Market Capitalization
$885.23 million
P/E Ratio
N/A
Dividend Yield
11.75%
Price Target
$7.67

BrightSpire Capital MarketRank™ Stock Analysis

Analyst Rating
Hold
2.25 Rating Score
Upside/​Downside
12.6% Upside
$7.67 Price Target
Short Interest
Healthy
1.32% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
8.89%
From $0.90 to $0.98 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.92 out of 5 stars

Finance Sector

603rd out of 844 stocks

Real Estate Investment Trusts Industry

128th out of 176 stocks

BRSP stock logo

About BrightSpire Capital Stock (NYSE:BRSP)

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. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was formerly known as Colony Credit Real Estate, Inc. and changed its name to BrightSpire Capital, Inc. in June 2021. BrightSpire Capital, Inc. was incorporated in 2017 and is headquartered in New York, New York.

BRSP Stock Price History

BRSP Stock News Headlines

BRSP Apr 2024 7.500 put
Crypto Market Preps For Trillions Worth of Inflows!
Bitcoin is rapidly approaching new ALL-TIME HIGHS… The market is buzzing after recent approval of spot Bitcoin exchange-traded funds (ETF). Top analysts predict these ETFs will attract trillions of dollars worth of inflows over the next few years… And as Bitcoin rallies, we could see other smaller coins rise to heights never seen before.
BrightSpire: My Income Portfolio Doesn't Quit
the most reliable asset on earth is making a comeback
Global tensions have been pushing the price of gold to all time highs… Just recently, gold peaked at a record $2,000 (and is now closer to $2,200). And there’s something else critical at play right now in the world’s largest asset. Because of these critical factors, a lot of massive investment institutions are now pumping more money into gold. And as we speak, some are even calling for a massive rally in the precious metal.
Q4 2023 Brightspire Capital Inc Earnings Call
Earnings Preview For BrightSpire Capital
BRSP Mar 2024 7.500 put
BrightSpire Capital Stock
Wall Street Analysts Are Neutral on Top Real Estate Picks
What Makes Colony Credit (BRSP) a New Strong Buy Stock
See More Headlines
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Company Calendar

Last Earnings
8/03/2022
Ex-Dividend for 1/12 Dividend
12/28/2023
Dividend Payable
1/12/2024
Today
3/27/2024
Ex-Dividend for 4/15 Dividend
3/27/2024
Dividend Payable
4/15/2024
Next Earnings (Estimated)
5/01/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Real estate investment trusts
Sub-Industry
N/A
Fax
N/A
Employees
54
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$7.67
High Stock Price Target
$8.50
Low Stock Price Target
$6.50
Potential Upside/Downside
+12.6%
Consensus Rating
Hold
Rating Score (0-4)
2.25
Research Coverage
4 Analysts

Profitability

Net Income
$-15,550,000.00
Pretax Margin
-10.15%

Debt

Sales & Book Value

Annual Sales
$298.70 million
Cash Flow
$1.19 per share
Book Value
$9.84 per share

Miscellaneous

Free Float
127,502,000
Market Cap
$885.23 million
Optionable
Optionable
Beta
1.88
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Key Executives

  • Mr. Michael Joseph Mazzei (Age 63)
    CEO & Director
    Comp: $2.84M
  • Mr. Andrew Elmore Witt (Age 45)
    President & COO
    Comp: $1.41M
  • Mr. Frank Vito Saracino CPA (Age 57)
    Executive VP, CFO & Treasurer
    Comp: $1.11M
  • Mr. David A. Palame (Age 47)
    Executive VP, General Counsel & Secretary
    Comp: $1.01M
  • Mr. Daniel E. Katz
    MD & Head of Originations for Investment Management
  • Mr. George H. Kok
    Chief Credit Officer
  • Mr. Brad Nichol
    MD & Head of Asset Management for Portfolio Management
  • Mr. Matthew Heslin
    Managing Director & Head of Debt Capital Markets
  • Mr. Tyler H. Ferrer
    Managing Director of Operations & Loan Management
  • Mr. Gary S. Newman J.D.
    Managing Director of Investment Management

BRSP Stock Analysis - Frequently Asked Questions

Should I buy or sell BrightSpire Capital stock right now?

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for BrightSpire Capital in the last twelve months. There are currently 1 sell rating, 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" BRSP shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BRSP, but not buy additional shares or sell existing shares.
View BRSP analyst ratings
or view top-rated stocks.

What is BrightSpire Capital's stock price target for 2024?

4 brokerages have issued 1-year price objectives for BrightSpire Capital's stock. Their BRSP share price targets range from $6.50 to $8.50. On average, they expect the company's stock price to reach $7.67 in the next year. This suggests a possible upside of 12.6% from the stock's current price.
View analysts price targets for BRSP
or view top-rated stocks among Wall Street analysts.

How have BRSP shares performed in 2024?

BrightSpire Capital's stock was trading at $7.44 at the beginning of 2024. Since then, BRSP stock has decreased by 8.5% and is now trading at $6.81.
View the best growth stocks for 2024 here
.

Are investors shorting BrightSpire Capital?

BrightSpire Capital saw a drop in short interest in March. As of March 15th, there was short interest totaling 1,680,000 shares, a drop of 7.7% from the February 29th total of 1,820,000 shares. Based on an average daily trading volume, of 715,800 shares, the days-to-cover ratio is currently 2.3 days. Currently, 1.3% of the shares of the stock are short sold.
View BrightSpire Capital's Short Interest
.

When is BrightSpire Capital's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024.
View our BRSP earnings forecast
.

How were BrightSpire Capital's earnings last quarter?

BrightSpire Capital, Inc. (NYSE:BRSP) announced its quarterly earnings results on Wednesday, August, 3rd. The company reported $0.24 earnings per share for the quarter, beating analysts' consensus estimates of $0.21 by $0.03. BrightSpire Capital had a negative net margin of 7.34% and a positive trailing twelve-month return on equity of 9.42%. During the same period in the previous year, the company earned $0.20 earnings per share.

How often does BrightSpire Capital pay dividends? What is the dividend yield for BrightSpire Capital?

BrightSpire Capital announced a quarterly dividend on Friday, March 15th. Stockholders of record on Friday, March 29th will be paid a dividend of $0.20 per share on Monday, April 15th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 11.75%. The ex-dividend date is Wednesday, March 27th.
Read our dividend analysis for BRSP
.

Is BrightSpire Capital a good dividend stock?

BrightSpire Capital (NYSE:BRSP) pays an annual dividend of $0.80 per share and currently has a dividend yield of 11.51%. BRSP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for BRSP.

What ETFs hold BrightSpire Capital's stock?

ETFs with the largest weight of BrightSpire Capital (NYSE:BRSP) stock in their portfolio include VanEck Mortgage REIT Income ETF (MORT), iShares Mortgage Real Estate ETF (REM) and Hoya Capital High Dividend Yield ETF (RIET).Global X SuperDividend ETF (SDIV).

Who are BrightSpire Capital's major shareholders?

BrightSpire Capital's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (10.27%), Vanguard Group Inc. (10.27%), Private Management Group Inc. (3.41%), Goldman Sachs Group Inc. (1.34%), Goldman Sachs Group Inc. (1.34%) and Federated Hermes Inc. (1.20%). Insiders that own company stock include Catherine Rice, David A Palame and Michael Mazzei.
View institutional ownership trends
.

How do I buy shares of BrightSpire Capital?

Shares of BRSP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:BRSP) was last updated on 3/28/2024 by MarketBeat.com Staff

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