Analysts Set BrightSpire Capital, Inc. (NYSE:BRSP) PT at $10.25

Shares of BrightSpire Capital, Inc. (NYSE:BRSP) have earned an average recommendation of “Moderate Buy” from the five brokerages that are covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $9.75.

Separately, JMP Securities reaffirmed a “market outperform” rating and set a $9.50 target price on shares of BrightSpire Capital in a research report on Wednesday.

Institutional Investors Weigh In On BrightSpire Capital

A number of institutional investors and hedge funds have recently bought and sold shares of BRSP. Raymond James Financial Services Advisors Inc. raised its position in BrightSpire Capital by 49.9% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 50,543 shares of the company’s stock valued at $468,000 after buying an additional 16,833 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its position in BrightSpire Capital by 132.8% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 14,200 shares of the company’s stock valued at $131,000 after buying an additional 8,100 shares during the last quarter. PNC Financial Services Group Inc. raised its position in BrightSpire Capital by 30,303.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 50,165 shares of the company’s stock valued at $464,000 after buying an additional 50,000 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in BrightSpire Capital in the 1st quarter valued at $100,000. Finally, MetLife Investment Management LLC raised its position in BrightSpire Capital by 91.4% in the 1st quarter. MetLife Investment Management LLC now owns 40,762 shares of the company’s stock valued at $377,000 after buying an additional 19,461 shares during the last quarter. 57.63% of the stock is owned by hedge funds and other institutional investors.

BrightSpire Capital Price Performance

Shares of NYSE:BRSP opened at $6.80 on Wednesday. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 1.67. BrightSpire Capital has a twelve month low of $5.21 and a twelve month high of $8.82. The stock’s 50 day moving average is $6.91 and its 200-day moving average is $6.37. The firm has a market capitalization of $883.93 million, a price-to-earnings ratio of -30.91 and a beta of 1.72.

BrightSpire Capital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Friday, June 30th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 11.76%. The ex-dividend date was Thursday, June 29th. BrightSpire Capital’s payout ratio is currently -363.64%.

About BrightSpire Capital

BrightSpire Capital, Inc operates as a commercial real estate (CRE) credit real estate investment trust in the United States. The company It focuses on originating, acquiring, financing, and managing a portfolio of CRE mortgage loans, mezzanine loans, preferred equity, debt securities, and net leased properties.