BrightSpire Capital, Inc. (NYSE:BRSP) Receives $7.69 Average Price Target from Analysts

BrightSpire Capital, Inc. (NYSE:BRSP) has been assigned a consensus recommendation of “Moderate Buy” from the seven analysts that are covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year target price among analysts that have covered the stock in the last year is $7.45.

A number of analysts have weighed in on the company. Jones Trading reduced their price target on BrightSpire Capital from $7.25 to $6.50 and set a “buy” rating for the company in a research report on Thursday. B. Riley dropped their price target on shares of BrightSpire Capital from $10.00 to $9.00 and set a “buy” rating on the stock in a research report on Tuesday, January 7th. Finally, Alliance Global Partners started coverage on shares of BrightSpire Capital in a report on Friday, January 17th. They set a “buy” rating and a $7.25 price objective for the company.

BrightSpire Capital Price Performance

NYSE:BRSP opened at $4.51 on Thursday. The company has a quick ratio of 0.73, a current ratio of 0.70 and a debt-to-equity ratio of 1.79. The business’s 50-day moving average price is $5.58 and its 200 day moving average price is $5.76. BrightSpire Capital has a 52-week low of $4.16 and a 52-week high of $6.71. The firm has a market cap of $588.61 million, a P/E ratio of -4.29 and a beta of 1.54.

BrightSpire Capital (NYSE:BRSP) last issued its earnings results on Tuesday, February 18th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.03). BrightSpire Capital had a positive return on equity of 8.82% and a negative net margin of 79.23%. The business had revenue of $17.46 million during the quarter, compared to analyst estimates of $65.81 million. During the same period last year, the business earned $0.28 EPS. As a group, sell-side analysts predict that BrightSpire Capital will post 0.67 earnings per share for the current fiscal year.

BrightSpire Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 14.21%. The ex-dividend date of this dividend was Monday, March 31st. BrightSpire Capital’s dividend payout ratio (DPR) is presently -60.95%.

Institutional Trading of BrightSpire Capital

A number of hedge funds have recently modified their holdings of the company. Jane Street Group LLC raised its stake in shares of BrightSpire Capital by 19.7% in the third quarter. Jane Street Group LLC now owns 193,470 shares of the company’s stock valued at $1,083,000 after purchasing an additional 31,865 shares in the last quarter. Barclays PLC raised its stake in shares of BrightSpire Capital by 329.1% in the 3rd quarter. Barclays PLC now owns 198,351 shares of the company’s stock valued at $1,110,000 after buying an additional 152,131 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of BrightSpire Capital by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 3,082,637 shares of the company’s stock worth $17,267,000 after acquiring an additional 14,606 shares during the period. Garden State Investment Advisory Services LLC acquired a new stake in shares of BrightSpire Capital during the 3rd quarter valued at about $75,000. Finally, ORG Partners LLC increased its stake in BrightSpire Capital by 221.9% in the fourth quarter. ORG Partners LLC now owns 30,619 shares of the company’s stock valued at $173,000 after acquiring an additional 21,108 shares during the period. Institutional investors own 56.57% of the company’s stock.

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.