BrightSpire Capital (NYSE:BRSP) Shares Gap Down – What’s Next?

BrightSpire Capital, Inc. (NYSE:BRSP)’s stock price gapped down before the market opened on Friday . The stock had previously closed at $5.75, but opened at $5.60. BrightSpire Capital shares last traded at $5.6030, with a volume of 13,480 shares changing hands.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on BRSP shares. Citigroup reissued a “market outperform” rating on shares of BrightSpire Capital in a research report on Thursday, October 30th. Weiss Ratings reiterated a “sell (d+)” rating on shares of BrightSpire Capital in a research note on Monday. Five research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company. According to MarketBeat, BrightSpire Capital currently has a consensus rating of “Hold” and a consensus target price of $6.79.

BrightSpire Capital Stock Performance

The company has a market cap of $729.73 million, a P/E ratio of -18.75 and a beta of 1.37. The company’s 50-day moving average is $5.60 and its two-hundred day moving average is $5.46. 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 (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%. Equities analysts predict that BrightSpire Capital, Inc. will post 0.67 EPS for the current year.

BrightSpire Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be paid a $0.16 dividend. The ex-dividend date is Wednesday, December 31st. This represents a $0.64 annualized dividend and a yield of 11.4%. BrightSpire Capital’s dividend payout ratio is presently -213.33%.

Institutional Trading of BrightSpire Capital

Several hedge funds have recently made changes to their positions in BRSP. Focus Partners Advisor Solutions LLC purchased a new stake in shares of BrightSpire Capital during the second quarter worth $81,000. State of New Jersey Common Pension Fund D raised its stake in shares of BrightSpire Capital by 16.3% during the 2nd quarter. State of New Jersey Common Pension Fund D now owns 370,756 shares of the company’s stock valued at $1,872,000 after purchasing an additional 52,056 shares during the period. Waterfall Asset Management LLC purchased a new stake in BrightSpire Capital during the 2nd quarter worth about $999,000. Greenland Capital Management LP lifted its holdings in BrightSpire Capital by 5.0% during the 2nd quarter. Greenland Capital Management LP now owns 1,349,430 shares of the company’s stock worth $6,815,000 after purchasing an additional 64,430 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in BrightSpire Capital by 0.8% in the 2nd quarter. Geode Capital Management LLC now owns 3,133,854 shares of the company’s stock worth $15,828,000 after purchasing an additional 25,841 shares during the period. 56.57% of the stock is currently owned by institutional investors.

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.