Analysts Set BrightSpire Capital, Inc. (NYSE:BRSP) Target Price at $6.79

BrightSpire Capital, Inc. (NYSE:BRSP) has been given an average recommendation of “Hold” by the seven brokerages that are covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation and five have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $6.7917.

BRSP has been the topic of a number of recent analyst reports. Citigroup restated a “market outperform” rating on shares of BrightSpire Capital in a research note on Thursday, October 30th. Weiss Ratings restated a “sell (d+)” rating on shares of BrightSpire Capital in a research note on Monday, November 17th. Finally, Jones Trading reaffirmed a “buy” rating and set a $6.50 target price on shares of BrightSpire Capital in a report on Wednesday, July 30th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. CIBC Private Wealth Group LLC grew its position in shares of BrightSpire Capital by 812.1% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 10,945 shares of the company’s stock valued at $59,000 after buying an additional 9,745 shares during the last quarter. CIBC Bancorp USA Inc. bought a new position in shares of BrightSpire Capital during the third quarter valued at approximately $75,000. Alpine Global Management LLC grew its holdings in shares of BrightSpire Capital by 3.5% during the third quarter. Alpine Global Management LLC now owns 131,583 shares of the company’s stock valued at $714,000 after purchasing an additional 4,465 shares during the last quarter. Abel Hall LLC lifted its holdings in shares of BrightSpire Capital by 93.5% in the 3rd quarter. Abel Hall LLC now owns 41,413 shares of the company’s stock worth $225,000 after purchasing an additional 20,016 shares during the last quarter. Finally, Sherbrooke Park Advisers LLC acquired a new position in BrightSpire Capital during the 3rd quarter valued at approximately $85,000. 56.57% of the stock is owned by institutional investors and hedge funds.

BrightSpire Capital Stock Performance

Shares of BRSP opened at $5.47 on Friday. The firm has a market cap of $708.97 million, a price-to-earnings ratio of -18.22 and a beta of 1.58. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 1.81. The business’s 50 day moving average is $5.39 and its two-hundred day moving average is $5.35. BrightSpire Capital has a 52-week low of $4.16 and a 52-week high of $6.45.

BrightSpire Capital (NYSE:BRSP) last issued its quarterly earnings results on Wednesday, February 24th. The company reported $0.20 earnings per share (EPS) for the quarter. BrightSpire Capital had a negative net margin of 26.91% and a positive return on equity of 7.51%. The business had revenue of $37.88 million during the quarter. Analysts forecast that BrightSpire Capital will post 0.67 EPS for the current fiscal year.

BrightSpire Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were paid a dividend of $0.16 per share. The ex-dividend date was Tuesday, September 30th. This represents a $0.64 annualized dividend and a yield of 11.7%. BrightSpire Capital’s payout ratio is presently -213.33%.

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.