B. Riley Begins Coverage on BrightSpire Capital (NYSE:BRSP)

Research analysts at B. Riley assumed coverage on shares of BrightSpire Capital (NYSE:BRSP) in a research note issued on Monday, MarketBeat.com reports. The brokerage set a “buy” rating and a $7.50 price target on the stock. B. Riley’s target price would suggest a potential upside of 28.80% from the company’s previous close.

Several other research analysts have also commented on BRSP. Citigroup reiterated a “market outperform” rating on shares of BrightSpire Capital in a research note on Thursday, October 30th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of BrightSpire Capital in a report on Monday, December 29th. Five research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $6.54.

BrightSpire Capital Price Performance

Shares of BRSP opened at $5.82 on Monday. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.55 and a current ratio of 0.55. The company has a 50 day moving average price of $5.63 and a 200-day moving average price of $5.48. BrightSpire Capital has a fifty-two week low of $4.16 and a fifty-two week high of $6.32. The stock has a market capitalization of $755.42 million, a PE ratio of -19.41 and a beta of 1.38.

BrightSpire Capital (NYSE:BRSP) last posted its earnings results on Wednesday, February 24th. The company reported $0.20 earnings per share (EPS) for the quarter. The company had revenue of $37.88 million for the quarter. BrightSpire Capital had a positive return on equity of 7.51% and a negative net margin of 26.91%. Equities analysts predict that BrightSpire Capital will post 0.67 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BRSP. Private Management Group Inc. lifted its holdings in shares of BrightSpire Capital by 0.5% in the 3rd quarter. Private Management Group Inc. now owns 4,843,066 shares of the company’s stock valued at $26,298,000 after buying an additional 24,572 shares during the period. Nomura Holdings Inc. grew its position in BrightSpire Capital by 5.1% during the second quarter. Nomura Holdings Inc. now owns 3,418,495 shares of the company’s stock valued at $17,263,000 after buying an additional 165,792 shares during the period. Geode Capital Management LLC grew its position in BrightSpire Capital by 0.8% during the second quarter. Geode Capital Management LLC now owns 3,133,854 shares of the company’s stock valued at $15,828,000 after buying an additional 25,841 shares during the period. North Ground Capital increased its holdings in BrightSpire Capital by 90.5% in the third quarter. North Ground Capital now owns 2,520,000 shares of the company’s stock valued at $13,684,000 after buying an additional 1,197,000 shares in the last quarter. Finally, Punch & Associates Investment Management Inc. boosted its stake in shares of BrightSpire Capital by 13.8% during the 3rd quarter. Punch & Associates Investment Management Inc. now owns 2,335,970 shares of the company’s stock worth $12,684,000 after acquiring an additional 284,046 shares in the last quarter. 56.57% of the stock is currently owned by institutional investors and hedge funds.

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.