BrightSpire Capital (BRSP) Stock Price, News & Analysis

Company Overview

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. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was formerly known as Colony Credit Real Estate, Inc. and changed its name to BrightSpire Capital, Inc. in June 2021. BrightSpire Capital, Inc. was incorporated in 2017 and is headquartered in New York, New York.

Key Stats

• Today's Range: $6.17 to $6.37
• 50-Day Range: $5.26 to $6.35
• 52-Week Range: $5.07 to $8.01
• Volume: 509,916 shs
• Average Volume: 810,019 shs
• Market Capitalization: $806.61 million
• P/E Ratio: N/A
• Dividend Yield: 10.29%
• Price Target: $7.00
• Consensus Rating: Hold

BrightSpire Capital Stock Analysis - MarketRank™

BrightSpire Capital scored higher than 29% of companies evaluated by MarketBeat, and ranked 865th out of 963 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.0 / 5
• Analyst Rating: Hold

Consensus Rating

BrightSpire Capital has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 1 buy rating, 3 hold ratings, and 1 sell rating.

Amount of Analyst Coverage

BrightSpire Capital has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: -6.76%

Earnings Growth

Earnings for BrightSpire Capital are expected to decrease by -6.76% in the coming year, from $0.74 to $0.69 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of BrightSpire Capital is -6.10, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of BrightSpire Capital is -6.10, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

BrightSpire Capital has a P/B Ratio of 0.74. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.56% of the float of BrightSpire Capital has been sold short.

Short Interest Ratio / Days to Cover

BrightSpire Capital has a short interest ratio ("days to cover") of 2.5, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in BrightSpire Capital has recently increased by 14.45%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

BrightSpire Capital is a leading dividend payer. It pays a dividend yield of 10.29%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

BrightSpire Capital does not have a long track record of dividend growth.

Dividend Sustainability

Based on EPS estimates, BrightSpire Capital will have a dividend payout ratio of 92.75% in the coming year. This indicates that BrightSpire Capital may not be able to sustain their current dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

1.56% of the float of BrightSpire Capital has been sold short.

Short Interest Ratio / Days to Cover

BrightSpire Capital has a short interest ratio ("days to cover") of 2.5, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in BrightSpire Capital has recently increased by 14.45%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 1.5 / 5
• News Sentiment: -0.33

News Sentiment

BrightSpire Capital has a news sentiment score of -0.33. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.68 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 3 news articles for BrightSpire Capital this week, compared to 2 articles on an average week.

Search Interest

3 people have searched for BRSP on MarketBeat in the last 30 days. This is an increase of 50% compared to the previous 30 days.

MarketBeat Follows

Only 1 people have added BrightSpire Capital to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, BrightSpire Capital insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 1.91% of the stock of BrightSpire Capital is held by insiders.

Percentage Held by Institutions

56.57% of the stock of BrightSpire Capital is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

BRSP Stock Analysis - Frequently Asked Questions

How have BRSP shares performed this year?

BrightSpire Capital's stock was trading at $7.44 at the beginning of 2024. Since then, BRSP shares have decreased by 16.4% and is now trading at $6.22.
View the best growth stocks for 2024 here.

How were BrightSpire Capital's earnings last quarter?

BrightSpire Capital, Inc. (NYSE:BRSP) announced its quarterly earnings data on Wednesday, May, 1st. The company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.23 by $0.02. The firm had revenue of $27.43 million for the quarter, compared to analysts' expectations of $28.64 million. BrightSpire Capital had a positive trailing twelve-month return on equity of 9.44% and a negative net margin of 69.35%.

Who are BrightSpire Capital's major shareholders?

Top institutional investors of BrightSpire Capital include Private Management Group Inc. (3.50%), Geode Capital Management LLC (2.38%), Charles Schwab Investment Management Inc. (1.07%) and Hotchkis & Wiley Capital Management LLC (0.79%). Insiders that own company stock include Michael Mazzei, David A Palame and Catherine Rice.
View institutional ownership trends.

How do I buy shares of BrightSpire Capital?

Shares of BRSP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of BrightSpire Capital own?

Based on aggregate information from My MarketBeat watchlists, some other companies that BrightSpire Capital investors own include Medtronic (MDT), NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Verizon Communications (VZ), Enterprise Products Partners (EPD) and Exxon Mobil (XOM).

Company Calendar

• Last Earnings: 5/01/2024
• Ex-Dividend for 10/15 Dividend: 9/30/2024
• Dividend Payable: 10/15/2024
• Today: 11/17/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/19/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: Real estate investment trusts
• Sub-Industry: Trading
• Current Symbol: NYSE:BRSP
• CUSIP: N/A
• CIK: 1717547
• Web: www.brightspire.com
• Phone: (212) 547-2631
• Fax: N/A
• Employees: 50
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $7.00
• High Stock Price Target: $7.50
• Low Stock Price Target: $6.50
• Potential Upside/Downside: +12.5%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 5 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($1.02)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 8.41
• P/E Growth: N/A
• Net Income: $-15,550,000.00
• Net Margins: -69.35%
• Pretax Margin: -70.01%
• Return on Equity: 9.44%
• Return on Assets: 2.79%

Debt

• Debt-to-Equity Ratio: 1.78
• Current Ratio: 0.73
• Quick Ratio: 0.73

Sales & Book Value

• Annual Sales: $364.80 million
• Price / Sales: 2.21
• Cash Flow: $1.21 per share
• Price / Cash Flow: 5.16
• Book Value: $8.38 per share
• Price / Book: 0.74

Miscellaneous

• Outstanding Shares: 129,685,000
• Free Float: 127,208,000
• Market Cap: $806.64 million
• Optionable: Optionable
• Beta: 1.87