BrightSpire Capital's (BRSP) "Market Outperform" Rating Reaffirmed at JMP Securities

JMP Securities reiterated their market outperform rating on shares of BrightSpire Capital (NYSE:BRSP - Free Report) in a research report released on Thursday, Benzinga reports. They currently have a $7.50 price target on the stock.

Separately, BTIG Research reaffirmed a neutral rating on shares of BrightSpire Capital in a report on Friday, July 19th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, BrightSpire Capital has an average rating of Hold and an average price target of $7.00.

BrightSpire Capital Stock Performance

Shares of BrightSpire Capital stock traded up $0.10 during trading on Thursday, reaching $6.19. The company's stock had a trading volume of 718,923 shares, compared to its average volume of 771,706. The company has a 50-day moving average price of $5.89 and a two-hundred day moving average price of $6.13. BrightSpire Capital has a fifty-two week low of $5.07 and a fifty-two week high of $8.01. The firm has a market cap of $808.64 million, a PE ratio of -11.25 and a beta of 1.89. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 1.69.

BrightSpire Capital Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be given a $0.16 dividend. The ex-dividend date is Monday, September 30th. This represents a $0.64 dividend on an annualized basis and a yield of 10.34%. BrightSpire Capital's dividend payout ratio (DPR) is -116.36%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Norges Bank purchased a new stake in BrightSpire Capital in the 4th quarter valued at approximately $6,726,000. Vanguard Group Inc. boosted its stake in shares of BrightSpire Capital by 7.0% in the fourth quarter. Vanguard Group Inc. now owns 13,353,915 shares of the company's stock valued at $99,353,000 after buying an additional 873,407 shares in the last quarter. Private Advisor Group LLC grew its holdings in BrightSpire Capital by 232.7% during the second quarter. Private Advisor Group LLC now owns 486,886 shares of the company's stock worth $2,775,000 after acquiring an additional 340,563 shares during the period. Van ECK Associates Corp raised its position in BrightSpire Capital by 34.7% in the second quarter. Van ECK Associates Corp now owns 1,067,438 shares of the company's stock worth $6,084,000 after acquiring an additional 275,175 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in BrightSpire Capital by 3.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,490,044 shares of the company's stock valued at $11,086,000 after acquiring an additional 43,415 shares during the period. 56.57% of the stock is currently owned by institutional investors and hedge funds.

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.