BrightSpire Capital, Inc. (NYSE:BRSP) Given Average Recommendation of “Hold” by Brokerages

Shares of BrightSpire Capital, Inc. (NYSE:BRSP) have received a consensus rating of “Hold” from the seven analysts that are covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating and five have assigned a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $6.7917.

Several brokerages have commented on BRSP. Weiss Ratings reissued a “sell (d+)” rating on shares of BrightSpire Capital in a research report on Monday. Citigroup reiterated a “market outperform” rating on shares of BrightSpire Capital in a report on Thursday, October 30th.

BrightSpire Capital Price Performance

Shares of BRSP opened at $5.91 on Wednesday. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 1.81. BrightSpire Capital has a twelve month low of $4.16 and a twelve month high of $6.33. The stock has a market capitalization of $766.70 million, a P/E ratio of -19.70 and a beta of 1.38. The company has a 50 day moving average of $5.46 and a 200-day moving average of $5.41.

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

BrightSpire Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be issued a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 10.8%. The ex-dividend date of this dividend is Wednesday, December 31st. BrightSpire Capital’s dividend payout ratio is presently -213.33%.

Institutional Trading of BrightSpire Capital

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. CIBC Private Wealth Group LLC grew its position in shares of BrightSpire Capital by 812.1% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 10,945 shares of the company’s stock valued at $59,000 after acquiring an additional 9,745 shares during the period. CIBC Bancorp USA Inc. acquired a new stake in BrightSpire Capital in the 3rd quarter valued at about $75,000. Alpine Global Management LLC lifted its stake in BrightSpire Capital by 3.5% in the 3rd 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 grew its holdings in BrightSpire Capital by 93.5% during the third 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 period. Finally, Sherbrooke Park Advisers LLC acquired a new position in BrightSpire Capital during the third quarter worth approximately $85,000. 56.57% of the stock is owned by institutional investors.

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.