BrightSpire Capital, Inc. (NYSE:BRSP) Receives $7.45 Average Price Target from Analysts

Shares of BrightSpire Capital, Inc. (NYSE:BRSP - Get Free Report) have earned a consensus rating of "Hold" from the seven research firms that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $7.45.

Several research firms recently weighed in on BRSP. B. Riley reduced their target price on shares of BrightSpire Capital from $10.00 to $9.00 and set a "buy" rating for the company in a research note on Tuesday, January 7th. Alliance Global Partners began coverage on shares of BrightSpire Capital in a research note on Friday, January 17th. They set a "buy" rating and a $7.25 price target for the company.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in BRSP. Barclays PLC boosted its stake in BrightSpire Capital by 329.1% in the third quarter. Barclays PLC now owns 198,351 shares of the company's stock valued at $1,110,000 after acquiring an additional 152,131 shares during the last quarter. Van ECK Associates Corp boosted its position in shares of BrightSpire Capital by 12.8% in the 4th quarter. Van ECK Associates Corp now owns 1,134,821 shares of the company's stock worth $6,400,000 after purchasing an additional 129,120 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of BrightSpire Capital by 50.1% during the second quarter. Renaissance Technologies LLC now owns 294,200 shares of the company's stock worth $1,677,000 after purchasing an additional 98,236 shares during the period. Private Management Group Inc. grew its stake in shares of BrightSpire Capital by 1.9% during the third quarter. Private Management Group Inc. now owns 4,574,973 shares of the company's stock worth $25,620,000 after purchasing an additional 85,787 shares during the period. Finally, J.W. Cole Advisors Inc. increased its holdings in BrightSpire Capital by 222.4% in the third quarter. J.W. Cole Advisors Inc. now owns 108,023 shares of the company's stock valued at $605,000 after purchasing an additional 74,512 shares during the last quarter. 56.57% of the stock is currently owned by institutional investors and hedge funds.

BrightSpire Capital Stock Performance

Shares of BRSP traded up $0.15 during mid-day trading on Friday, hitting $5.71. The company's stock had a trading volume of 3,282,065 shares, compared to its average volume of 702,714. BrightSpire Capital has a one year low of $5.07 and a one year high of $7.04. The stock's 50-day moving average is $5.91 and its two-hundred day moving average is $5.83. The firm has a market capitalization of $739.82 million, a PE ratio of -5.59 and a beta of 1.88. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.73 and a current ratio of 0.73.

BrightSpire Capital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 11.22%. The ex-dividend date of this dividend was Tuesday, December 31st. BrightSpire Capital's dividend payout ratio is presently -62.75%.

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.