BrightSpire Capital’s (BRSP) “Sell (D)” Rating Reaffirmed at Weiss Ratings

Weiss Ratings reiterated their sell (d) rating on shares of BrightSpire Capital (NYSE:BRSP) in a research note issued to investors on Tuesday morning,Weiss Ratings reports.

A number of other analysts have also recently weighed in on BRSP. Barclays restated an “underweight” rating and issued a $5.00 price objective (down from $7.00) on shares of BrightSpire Capital in a research note on Tuesday, July 8th. Jones Trading restated a “buy” rating and issued a $6.50 price objective on shares of BrightSpire Capital in a research note on Wednesday, July 30th. Four analysts have rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $6.79.

BrightSpire Capital Price Performance

NYSE BRSP opened at $5.34 on Tuesday. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 1.79. The stock has a market capitalization of $693.76 million, a PE ratio of -24.26 and a beta of 1.54. The company has a 50 day moving average price of $5.59 and a two-hundred day moving average price of $5.24. BrightSpire Capital has a 12-month low of $4.16 and a 12-month high of $6.45.

BrightSpire Capital (NYSE:BRSP) last posted its earnings results on Wednesday, February 24th. The company reported $0.20 earnings per share (EPS) for the quarter. The firm had revenue of $37.88 million during the quarter. BrightSpire Capital had a negative net margin of 16.92% and a positive return on equity of 7.74%. As a group, equities analysts predict that BrightSpire Capital will post 0.67 earnings per share for the current fiscal year.

BrightSpire Capital Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be given a dividend of $0.16 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $0.64 dividend on an annualized basis and a yield of 12.0%. BrightSpire Capital’s payout ratio is -290.91%.

Hedge Funds Weigh In On BrightSpire Capital

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Private Management Group Inc. increased its position in BrightSpire Capital by 1.3% during the second quarter. Private Management Group Inc. now owns 4,818,494 shares of the company’s stock worth $24,333,000 after acquiring an additional 60,262 shares during the period. Nomura Holdings Inc. increased its position in BrightSpire Capital by 5.1% during the second quarter. Nomura Holdings Inc. now owns 3,418,495 shares of the company’s stock worth $17,263,000 after acquiring an additional 165,792 shares during the period. Geode Capital Management LLC increased its position in BrightSpire Capital by 0.8% during the second quarter. Geode Capital Management LLC now owns 3,133,854 shares of the company’s stock worth $15,828,000 after acquiring an additional 25,841 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in BrightSpire Capital by 9.5% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,135,797 shares of the company’s stock worth $10,786,000 after acquiring an additional 185,431 shares during the period. Finally, Goldman Sachs Group Inc. increased its position in BrightSpire Capital by 2.4% during the first quarter. Goldman Sachs Group Inc. now owns 2,011,455 shares of the company’s stock worth $11,184,000 after acquiring an additional 46,749 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.