BrightSpire Capital, Inc. (NYSE:BRSP) Receives Consensus Rating of “Moderate Buy” from Brokerages

BrightSpire Capital, Inc. (NYSE:BRSP) has received an average rating of “Moderate Buy” from the six brokerages that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $6.75.

BRSP has been the topic of a number of recent research reports. Weiss Ratings upgraded shares of BrightSpire Capital from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, May 4th. JonesTrading restated a “buy” rating and issued a $6.50 price objective on shares of BrightSpire Capital in a report on Wednesday, February 18th. Barclays upped their price objective on shares of BrightSpire Capital from $5.00 to $6.00 and gave the company an “underweight” rating in a research note on Thursday, February 19th. Finally, BTIG Research upgraded shares of BrightSpire Capital from a “neutral” rating to a “buy” rating and set a $7.00 target price on the stock in a research report on Wednesday, April 22nd.

Institutional Investors Weigh In On BrightSpire Capital

A number of hedge funds and other institutional investors have recently modified their holdings of BRSP. Waterfall Asset Management LLC increased its stake in BrightSpire Capital by 225.7% in the 3rd quarter. Waterfall Asset Management LLC now owns 644,158 shares of the company’s stock worth $3,498,000 after purchasing an additional 446,358 shares during the period. North Ground Capital boosted its stake in shares of BrightSpire Capital by 90.5% during the third quarter. North Ground Capital now owns 2,520,000 shares of the company’s stock valued at $13,684,000 after purchasing an additional 1,197,000 shares during the period. Allianz Asset Management GmbH boosted its stake in shares of BrightSpire Capital by 123.3% during the third quarter. Allianz Asset Management GmbH now owns 206,239 shares of the company’s stock valued at $1,120,000 after purchasing an additional 113,876 shares during the period. KBC Group NV bought a new position in shares of BrightSpire Capital in the first quarter worth approximately $48,000. Finally, Independent Financial Group LLC bought a new position in shares of BrightSpire Capital in the first quarter worth approximately $270,000. Institutional investors own 56.57% of the company’s stock.

BrightSpire Capital Trading Down 1.0%

Shares of BRSP stock opened at $5.71 on Friday. The business has a 50-day moving average price of $5.76 and a two-hundred day moving average price of $5.74. BrightSpire Capital has a 12-month low of $4.84 and a 12-month high of $6.16. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 2.40. The firm has a market cap of $743.25 million, a P/E ratio of -21.13, a price-to-earnings-growth ratio of 2.14 and a beta of 1.31.

BrightSpire Capital (NYSE:BRSP) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). The firm had revenue of $51.75 million for the quarter, compared to analysts’ expectations of $63.12 million. BrightSpire Capital had a negative net margin of 24.16% and a positive return on equity of 7.46%. Equities analysts anticipate that BrightSpire Capital will post 0.55 EPS for the current fiscal year.

BrightSpire Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 11.2%. The ex-dividend date of this dividend was Tuesday, March 31st. BrightSpire Capital’s dividend payout ratio (DPR) is -237.04%.

BrightSpire Capital Company Profile

BrightSpire Capital Inc (NYSE: BRSP) is a real estate investment trust (REIT) specializing in commercial real estate debt. The company primarily originates, acquires and manages a diversified portfolio of mortgage loans, mezzanine loans and preferred equity investments secured by office, retail, industrial, multifamily and hospitality assets across the United States. By focusing on income-producing credit instruments, BrightSpire seeks to deliver attractive risk-adjusted returns to its shareholders through regular dividend distributions.

BrightSpire’s investment strategy spans the capital structure of commercial real estate, with an emphasis on senior mortgages that offer more stable cash flows and downside protection.