BrightSpire Capital, Inc. (NYSE:BRSP) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of BrightSpire Capital, Inc. (NYSE:BRSP) have been assigned an average rating of “Moderate Buy” from the seven brokerages that are presently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $7.45.

A number of equities analysts have commented on the stock. Alliance Global Partners started coverage on shares of BrightSpire Capital in a report on Friday, January 17th. They issued a “buy” rating and a $7.25 target price for the company. Jones Trading decreased their target price on shares of BrightSpire Capital from $7.25 to $6.50 and set a “buy” rating for the company in a research report on Thursday, April 17th. Finally, B. Riley cut their price target on shares of BrightSpire Capital from $10.00 to $9.00 and set a “buy” rating on the stock in a report on Tuesday, January 7th.

Hedge Funds Weigh In On BrightSpire Capital

Several hedge funds have recently made changes to their positions in the company. Ameriflex Group Inc. acquired a new stake in BrightSpire Capital during the 4th quarter worth about $37,000. Brevan Howard Capital Management LP acquired a new stake in shares of BrightSpire Capital during the fourth quarter worth about $57,000. Winthrop Advisory Group LLC purchased a new stake in BrightSpire Capital in the fourth quarter valued at approximately $61,000. Dark Forest Capital Management LP acquired a new position in BrightSpire Capital in the 4th quarter worth approximately $64,000. Finally, Fermata Advisors LLC purchased a new position in BrightSpire Capital during the 4th quarter worth approximately $65,000. 56.57% of the stock is owned by institutional investors and hedge funds.

BrightSpire Capital Price Performance

NYSE BRSP opened at $4.43 on Thursday. The company has a market cap of $578.81 million, a PE ratio of -4.22 and a beta of 1.54. The firm’s 50 day moving average price is $5.55 and its 200-day moving average price is $5.75. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.73 and a current ratio of 0.70. BrightSpire Capital has a 52-week low of $4.16 and a 52-week high of $6.71.

BrightSpire Capital (NYSE:BRSP) last announced its quarterly earnings results on Tuesday, February 18th. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.03). The company had revenue of $17.46 million during the quarter, compared to analysts’ expectations of $65.81 million. BrightSpire Capital had a negative net margin of 79.23% and a positive return on equity of 8.82%. During the same quarter in the prior year, the business posted $0.28 earnings per share. Sell-side analysts forecast that BrightSpire Capital will post 0.67 EPS for the current fiscal year.

BrightSpire Capital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a $0.16 dividend. The ex-dividend date was Monday, March 31st. This represents a $0.64 dividend on an annualized basis and a dividend yield of 14.45%. BrightSpire Capital’s dividend payout ratio is currently -60.95%.

BrightSpire Capital Company Profile

BrightSpire Capital, Inc operates as a commercial real estate (CRE) credit real estate investment trust in the United States and Europe. The company operates through Senior and Mezzanine Loans and Preferred Equity; Net Leased and Other Real Estate; and Corporate and Other segments. It focuses on originating, acquiring, financing, and managing a diversified portfolio of CRE debt investments consisting of first mortgage loans, senior loans, debt securities, mezzanine loans, and preferred equity investments, as well as net leased properties.