BrightSpire Capital, Inc. (NYSE:BRSP) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Shares of BrightSpire Capital, Inc. (NYSE:BRSP - Get Free Report) have received an average recommendation of "Moderate Buy" from the six brokerages that are currently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among brokers that have covered the stock in the last year is $7.69.

A number of research analysts recently commented on the company. Alliance Global Partners initiated coverage on BrightSpire Capital in a report on Friday, January 17th. They issued a "buy" rating and a $7.25 price target on the stock. B. Riley lowered their target price 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.

BrightSpire Capital Stock Performance

BRSP traded down $0.05 during midday trading on Friday, reaching $5.80. The company had a trading volume of 408,196 shares, compared to its average volume of 727,782. BrightSpire Capital has a 1 year low of $5.07 and a 1 year high of $6.98. The company has a quick ratio of 0.73, a current ratio of 0.70 and a debt-to-equity ratio of 1.79. The company has a market cap of $751.52 million, a P/E ratio of -5.52 and a beta of 1.98. The business has a 50-day moving average of $5.88 and a two-hundred day moving average of $5.88.

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BrightSpire Capital (NYSE:BRSP - Get Free Report) last announced its quarterly earnings data 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). BrightSpire Capital had a positive return on equity of 8.82% and a negative net margin of 79.23%. The firm had revenue of $17.46 million during the quarter, compared to analysts' expectations of $65.81 million. During the same period last year, the company earned $0.28 earnings per share. As a group, equities research analysts predict that BrightSpire Capital will post 0.67 earnings per share for the current fiscal year.

BrightSpire Capital Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 11.04%. The ex-dividend date of this dividend is Monday, March 31st. BrightSpire Capital's payout ratio is -60.95%.

Hedge Funds Weigh In On BrightSpire Capital

Several hedge funds have recently added to or reduced their stakes in the company. Atria Investments Inc increased its stake in BrightSpire Capital by 34.5% in the third quarter. Atria Investments Inc now owns 30,338 shares of the company's stock worth $170,000 after purchasing an additional 7,779 shares during the period. Avior Wealth Management LLC lifted its holdings in BrightSpire Capital by 363.1% during the 3rd quarter. Avior Wealth Management LLC now owns 9,266 shares of the company's stock valued at $52,000 after buying an additional 7,265 shares in the last quarter. Intech Investment Management LLC bought a new stake in BrightSpire Capital during the 3rd quarter valued at about $163,000. Penserra Capital Management LLC boosted its position in BrightSpire Capital by 22.9% in the 3rd quarter. Penserra Capital Management LLC now owns 160,335 shares of the company's stock valued at $897,000 after buying an additional 29,915 shares during the period. Finally, Garden State Investment Advisory Services LLC bought a new position in BrightSpire Capital in the 3rd quarter worth about $75,000. 56.57% of the stock is currently owned by institutional investors.

About BrightSpire Capital

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.