BrightSpire Capital, Inc. (NYSE:BRSP) Given Average Rating of “Moderate Buy” by Brokerages

Shares of BrightSpire Capital, Inc. (NYSE:BRSP) have been assigned an average rating of “Moderate Buy” from the seven analysts that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $6.40.

Several equities research analysts have issued reports on BRSP shares. Citigroup restated a “market outperform” rating on shares of BrightSpire Capital in a report on Thursday, October 30th. Weiss Ratings upgraded BrightSpire Capital from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday. Finally, B. Riley began coverage on BrightSpire Capital in a research note on Monday, January 5th. They set a “buy” rating and a $7.50 target price for the company.

Hedge Funds Weigh In On BrightSpire Capital

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Royal Bank of Canada increased its holdings in BrightSpire Capital by 90.1% during the 1st quarter. Royal Bank of Canada now owns 109,674 shares of the company’s stock worth $610,000 after purchasing an additional 51,977 shares in the last quarter. AQR Capital Management LLC bought a new stake in shares of BrightSpire Capital in the first quarter valued at about $131,000. Goldman Sachs Group Inc. boosted its position in shares of BrightSpire Capital by 2.4% during the first quarter. Goldman Sachs Group Inc. now owns 2,011,455 shares of the company’s stock worth $11,184,000 after buying an additional 46,749 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of BrightSpire Capital by 9.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 328,809 shares of the company’s stock worth $1,828,000 after buying an additional 27,713 shares in the last quarter. Finally, Jane Street Group LLC raised its position in BrightSpire Capital by 257.9% in the 1st quarter. Jane Street Group LLC now owns 286,724 shares of the company’s stock valued at $1,594,000 after buying an additional 206,610 shares during the last quarter. 56.57% of the stock is owned by institutional investors and hedge funds.

BrightSpire Capital Price Performance

BRSP opened at $6.04 on Thursday. The stock has a market cap of $783.57 million, a P/E ratio of -20.13 and a beta of 1.39. BrightSpire Capital has a 12 month low of $4.16 and a 12 month high of $6.32. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 1.81. The company has a fifty day simple moving average of $5.86 and a 200 day simple moving average of $5.59.

BrightSpire Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $0.64 annualized dividend and a dividend yield of 10.6%. BrightSpire Capital’s dividend payout ratio is currently -213.33%.

About BrightSpire Capital

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.