BrightSpire Capital, Inc. (NYSE:BRSP) Stock Has Consensus Price Target of $5.85 According to Brokerages

Shares of BrightSpire Capital, Inc. (NYSE:BRSP) have been assigned an average rating of “Hold” from the nine analysts that are currently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a sell recommendation and six have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $5.85.

Several research analysts have recently issued reports on the stock. Zacks Research downgraded shares of BrightSpire Capital from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 14th. Weiss Ratings downgraded BrightSpire Capital from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, September 4th. Barclays reduced their price target on BrightSpire Capital from $6.00 to $4.00 and set an “underweight” rating on the stock in a report on Monday, October 5th. JonesTrading decreased their price objective on BrightSpire Capital from $6.50 to $6.25 and set a “buy” rating for the company in a report on Wednesday, October 28th. Finally, Wall Street Zen cut shares of BrightSpire Capital from a “hold” rating to a “sell” rating in a research report on Saturday, October 24th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in BRSP. Private Management Group Inc. grew its stake in BrightSpire Capital by 29.5% in the third quarter. Private Management Group Inc. now owns 6,315,577 shares of the company’s stock valued at $24,189,000 after acquiring an additional 1,438,092 shares during the period. Bank of New York Mellon Corp raised its position in shares of BrightSpire Capital by 3.4% during the first quarter. Bank of New York Mellon Corp now owns 693,630 shares of the company’s stock worth $3,884,000 after purchasing an additional 22,562 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of BrightSpire Capital by 18.8% in the 1st quarter. Renaissance Technologies LLC now owns 293,300 shares of the company’s stock worth $1,642,000 after purchasing an additional 46,400 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of BrightSpire Capital by 3.5% in the 1st quarter. Bank of America Corp DE now owns 217,042 shares of the company’s stock worth $1,215,000 after purchasing an additional 7,408 shares in the last quarter. Finally, Quantinno Capital Management LP lifted its holdings in shares of BrightSpire Capital by 56.8% in the 1st quarter. Quantinno Capital Management LP now owns 121,032 shares of the company’s stock worth $678,000 after purchasing an additional 43,851 shares in the last quarter. Institutional investors own 56.57% of the company’s stock.

BrightSpire Capital Price Performance

BRSP stock traded down $0.12 during trading on Friday, reaching $3.35. 1,304,669 shares of the company were exchanged, compared to its average volume of 2,155,402. The company has a market capitalization of $417.05 million, a price-to-earnings ratio of 25.73, a P/E/G ratio of 2.74 and a beta of 1.34. The company has a debt-to-equity ratio of 2.79, a current ratio of 0.82 and a quick ratio of 0.82. The company has a 50-day moving average of $3.99 and a two-hundred day moving average of $5.18. BrightSpire Capital has a twelve month low of $3.33 and a twelve month high of $6.16.

BrightSpire Capital (NYSE:BRSP) last issued its earnings results on Tuesday, October 27th. The company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.01. The firm had revenue of $109.77 million for the quarter, compared to analyst estimates of $83.56 million. BrightSpire Capital had a net margin of 27.63% and a return on equity of 5.82%. As a group, equities analysts predict that BrightSpire Capital will post 0.44 earnings per share for the current fiscal year.

BrightSpire Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 30th were given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 19.1%. The ex-dividend date of this dividend was Wednesday, September 30th. BrightSpire Capital’s dividend payout ratio is 492.31%.

BrightSpire Capital Company Profile

BrightSpire Capital, Inc is a commercial real estate finance company organized as a real estate investment trust (REIT). The company focuses on originating, acquiring, financing and managing a portfolio of commercial real estate debt and related investments.

BrightSpire’s investments primarily include senior mortgage loans, mezzanine loans, preferred equity and other real estate-related credit investments. Its portfolio may be secured by properties across several commercial real estate sectors, including office, multifamily, industrial, hospitality, retail and other specialized property types.

The company serves commercial real estate owners, operators and developers primarily in the United States.