BrightSpire Capital, Inc. (NYSE:BRSP) Receives $7.00 Consensus Target Price from Analysts

BrightSpire Capital, Inc. (NYSE:BRSP) has received a consensus rating of “Hold” from the six analysts that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $7.50.

Several analysts recently issued reports on the company. JMP Securities reissued a “market outperform” rating and issued a $7.50 price target on shares of BrightSpire Capital in a report on Thursday, September 19th. B. Riley cut their target price on BrightSpire Capital from $10.00 to $9.00 and set a “buy” rating on the stock in a research note on Tuesday.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Avior Wealth Management LLC lifted its stake in shares of 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. ORG Partners LLC acquired a new position in BrightSpire Capital in the third quarter valued at about $53,000. EverSource Wealth Advisors LLC boosted its holdings in BrightSpire Capital by 5,602.8% during the second quarter. EverSource Wealth Advisors LLC now owns 10,265 shares of the company’s stock worth $59,000 after buying an additional 10,085 shares during the last quarter. McAdam LLC acquired a new position in shares of BrightSpire Capital during the 3rd quarter worth about $58,000. Finally, Oak Thistle LLC bought a new stake in shares of BrightSpire Capital in the 2nd quarter valued at about $68,000. Institutional investors and hedge funds own 56.57% of the company’s stock.

BrightSpire Capital Stock Performance

BRSP stock opened at $5.68 on Tuesday. The stock’s 50 day simple moving average is $6.10 and its 200 day simple moving average is $5.89. BrightSpire Capital has a 12-month low of $5.07 and a 12-month high of $7.71. The firm has a market cap of $736.61 million, a P/E ratio of -5.57 and a beta of 1.88. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 1.78.

BrightSpire Capital Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 11.27%. The ex-dividend date of this dividend is Tuesday, December 31st. BrightSpire Capital’s dividend payout ratio (DPR) is -62.75%.

BrightSpire Capital Company Profile

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.