BrightSpire Capital, Inc. (NYSE:BRSP) Receives $7.69 Consensus PT from Brokerages

Shares of BrightSpire Capital, Inc. (NYSE:BRSP - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the seven ratings firms that are presently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $7.25.

BRSP has been the subject of several analyst reports. B. Riley cut their target price on BrightSpire Capital from $10.00 to $9.00 and set a "buy" rating for the company in a research note on Tuesday, January 7th. JMP Securities reduced their price objective on shares of BrightSpire Capital from $7.50 to $6.50 and set a "market outperform" rating for the company in a research note on Tuesday. Alliance Global Partners began coverage on shares of BrightSpire Capital in a research note on Friday, January 17th. They issued a "buy" rating and a $7.25 target price on the stock. Finally, Jones Trading decreased their price target on shares of BrightSpire Capital from $7.25 to $6.50 and set a "buy" rating on the stock in a report on Thursday, April 17th.

BrightSpire Capital Stock Performance

NYSE:BRSP traded up $0.14 during trading hours on Thursday, reaching $4.57. The stock had a trading volume of 170,498 shares, compared to its average volume of 764,113. BrightSpire Capital has a 12-month low of $4.16 and a 12-month high of $6.71. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.73 and a current ratio of 0.70. The stock has a 50 day simple moving average of $5.55 and a 200 day simple moving average of $5.75. The stock has a market cap of $596.58 million, a P/E ratio of -4.36 and a beta of 1.54.

BrightSpire Capital (NYSE:BRSP - Get Free Report) last issued its earnings results on Tuesday, February 18th. The company reported $0.16 earnings per share for the quarter, missing analysts' consensus estimates of $0.19 by ($0.03). The business had revenue of $17.46 million for the quarter, compared to the consensus estimate of $65.81 million. BrightSpire Capital had a positive return on equity of 8.82% and a negative net margin of 79.23%. During the same quarter in the prior year, the business earned $0.28 EPS. On average, research analysts forecast that BrightSpire Capital will post 0.67 EPS for the current fiscal year.

BrightSpire Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 14.02%. The ex-dividend date of this dividend was Monday, March 31st. BrightSpire Capital's dividend payout ratio (DPR) is currently -60.95%.

Institutional Inflows and Outflows

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