B. Riley Equities Analysts Lower Earnings Estimates for BRSP

BrightSpire Capital, Inc. (NYSE:BRSP) – Stock analysts at B. Riley decreased their Q1 2025 earnings per share estimates for shares of BrightSpire Capital in a note issued to investors on Monday, April 21st. B. Riley analyst R. Binner now expects that the company will post earnings per share of $0.14 for the quarter, down from their prior estimate of $0.15. B. Riley currently has a “Buy” rating and a $9.00 price target on the stock. The consensus estimate for BrightSpire Capital’s current full-year earnings is $0.67 per share. B. Riley also issued estimates for BrightSpire Capital’s Q2 2025 earnings at $0.14 EPS, Q3 2025 earnings at $0.14 EPS, Q4 2025 earnings at $0.14 EPS, FY2025 earnings at $0.57 EPS and FY2026 earnings at $0.62 EPS.

BrightSpire Capital (NYSE:BRSP) last posted its quarterly 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 for the quarter, compared to analysts’ expectations of $65.81 million. During the same period last year, the business posted $0.28 earnings per share.

Several other research firms have also issued reports on BRSP. Alliance Global Partners initiated coverage on BrightSpire Capital in a research report on Friday, January 17th. They set a “buy” rating and a $7.25 price target on the stock. JMP Securities cut their target price on shares of BrightSpire Capital from $7.50 to $6.50 and set a “market outperform” rating on the stock in a report on Tuesday. Finally, Jones Trading lowered their price target on shares of BrightSpire Capital from $7.25 to $6.50 and set a “buy” rating for the company in a report on Thursday, April 17th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $7.25.

BrightSpire Capital Price Performance

Shares of NYSE:BRSP opened at $4.77 on Thursday. The company’s fifty day moving average is $5.45 and its 200 day moving average is $5.73. The company has a quick ratio of 0.73, a current ratio of 0.70 and a debt-to-equity ratio of 1.79. BrightSpire Capital has a 52 week low of $4.16 and a 52 week high of $6.71. The stock has a market cap of $623.24 million, a PE ratio of -4.54 and a beta of 1.54.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Barclays PLC boosted its stake in shares of BrightSpire Capital by 329.1% during the 3rd quarter. Barclays PLC now owns 198,351 shares of the company’s stock valued at $1,110,000 after purchasing an additional 152,131 shares in the last quarter. Jane Street Group LLC boosted its position in BrightSpire Capital by 19.7% during the 3rd quarter. Jane Street Group LLC now owns 193,470 shares of the company’s stock valued at $1,083,000 after acquiring an additional 31,865 shares in the last quarter. Geode Capital Management LLC grew 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. Atria Wealth Solutions Inc. bought a new position in shares of BrightSpire Capital in the 4th quarter worth approximately $72,000. Finally, Raymond James Financial Inc. bought a new stake in shares of BrightSpire Capital during the fourth quarter valued at approximately $315,000. 56.57% of the stock is owned by hedge funds and other institutional investors.

BrightSpire Capital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 13.42%. The ex-dividend date was Monday, March 31st. BrightSpire Capital’s payout ratio is -60.95%.

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.