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

Shares of BrightSpire Capital, Inc. (NYSE:BRSP) have been given a consensus rating of “Hold” by the six analysts that are covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell rating and four have issued a buy rating on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $6.7917.

Several equities research analysts recently issued reports on the company. Barclays reiterated an “underweight” rating and set a $5.00 price target (down previously from $7.00) on shares of BrightSpire Capital in a report on Tuesday, July 8th. Jones Trading reiterated a “buy” rating and set a $6.50 price target on shares of BrightSpire Capital in a report on Wednesday, July 30th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of BrightSpire Capital in a report on Saturday, September 27th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. B. Riley Wealth Advisors Inc. purchased a new position in BrightSpire Capital in the second quarter worth $106,000. State of Wyoming purchased a new position in BrightSpire Capital in the second quarter worth $109,000. Nomura Holdings Inc. boosted its position in BrightSpire Capital by 5.1% in the second quarter. Nomura Holdings Inc. now owns 3,418,495 shares of the company’s stock worth $17,263,000 after purchasing an additional 165,792 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in BrightSpire Capital by 101.2% in the second quarter. Tower Research Capital LLC TRC now owns 11,930 shares of the company’s stock worth $60,000 after purchasing an additional 6,001 shares during the last quarter. Finally, Gallagher Fiduciary Advisors LLC boosted its position in BrightSpire Capital by 20.3% in the second quarter. Gallagher Fiduciary Advisors LLC now owns 46,816 shares of the company’s stock worth $236,000 after purchasing an additional 7,916 shares during the last quarter. Hedge funds and other institutional investors own 56.57% of the company’s stock.

BrightSpire Capital Trading Down 0.3%

NYSE BRSP opened at $5.11 on Friday. The company has a market cap of $663.60 million, a price-to-earnings ratio of -23.20 and a beta of 1.54. BrightSpire Capital has a 52 week low of $4.16 and a 52 week high of $6.45. The business has a 50 day moving average price of $5.60 and a 200-day moving average price of $5.26. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 1.79.

BrightSpire Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be given a $0.16 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $0.64 annualized dividend and a yield of 12.5%. BrightSpire Capital’s payout ratio is currently -290.91%.

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.