BrightSpire Capital, Inc. (NYSE:BRSP) Receives Average Rating of "Hold" from Analysts

Shares of BrightSpire Capital, Inc. (NYSE:BRSP - Get Free Report) have been given a consensus rating of "Hold" by the six analysts that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and two have issued a buy recommendation on the company. The average 12 month target price among analysts that have covered the stock in the last year is $7.50.

Several research firms have commented on BRSP. 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 research report on Tuesday. JMP Securities reissued a "market outperform" rating and set a $7.50 price objective on shares of BrightSpire Capital in a report on Thursday, September 19th.

BrightSpire Capital Stock Down 2.7 %

Shares of BRSP traded down $0.16 during mid-day trading on Tuesday, hitting $5.74. 1,337,347 shares of the company's stock were exchanged, compared to its average volume of 783,437. The stock has a market cap of $744.39 million, a price-to-earnings ratio of -5.63 and a beta of 1.88. The firm has a fifty day moving average of $6.12 and a two-hundred day moving average of $5.89. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 1.78. BrightSpire Capital has a twelve month low of $5.07 and a twelve month high of $7.71.

BrightSpire Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 11.15%. The ex-dividend date is Tuesday, December 31st. BrightSpire Capital's dividend payout ratio is currently -62.75%.

Hedge Funds Weigh In On BrightSpire Capital

Several large investors have recently added to or reduced their stakes in the company. Avior Wealth Management LLC increased its holdings in BrightSpire Capital by 363.1% in 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 during the period. ORG Partners LLC bought a new stake in BrightSpire Capital in the third quarter valued at about $53,000. EverSource Wealth Advisors LLC raised its position in BrightSpire Capital by 5,602.8% in the second quarter. EverSource Wealth Advisors LLC now owns 10,265 shares of the company's stock worth $59,000 after purchasing an additional 10,085 shares in the last quarter. McAdam LLC acquired a new stake in BrightSpire Capital during the third quarter valued at approximately $58,000. Finally, Oak Thistle LLC bought a new stake in shares of BrightSpire Capital in the 2nd quarter valued at approximately $68,000. Institutional investors and hedge funds own 56.57% of the company's stock.

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.