What is B. Riley's Estimate for BRSP FY2025 Earnings?

Key Points

• B. Riley has raised its earnings estimates for BrightSpire Capital, projecting an earnings per share of $0.55 for FY2025, up from $0.52 previously.
• BrightSpire Capital recently announced a quarterly dividend of $0.16 per share, representing a substantial 12.3% dividend yield.
• The stock currently holds a consensus rating of "Moderate Buy" with an average price target of $6.79, although several analysts have issued varying price objectives.

BrightSpire Capital, Inc. (NYSE:BRSP - Free Report) - Investment analysts at B. Riley upped their FY2025 earnings per share (EPS) estimates for BrightSpire Capital in a research note issued to investors on Wednesday, July 30th. B. Riley analyst R. Binner now forecasts that the company will post earnings per share of $0.55 for the year, up from their prior estimate of $0.52. The consensus estimate for BrightSpire Capital's current full-year earnings is $0.67 per share.

A number of other research analysts have also recently issued reports on BRSP. JMP Securities cut their price target on BrightSpire Capital from $7.50 to $6.50 and set a "market outperform" rating for the company in a report on Tuesday, April 22nd. Industrial Alliance Securities set a $6.50 price target on BrightSpire Capital in a report on Wednesday, April 30th. Jones Trading reaffirmed a "buy" rating and issued a $6.50 price target on shares of BrightSpire Capital in a report on Wednesday, July 30th. Alliance Global Partners reaffirmed a "buy" rating on shares of BrightSpire Capital in a report on Wednesday, April 30th. Finally, Barclays reaffirmed an "underweight" rating and issued a $5.00 price target (down from $7.00) on shares of BrightSpire Capital in a report on Tuesday, July 8th. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. Based on data from MarketBeat, BrightSpire Capital currently has an average rating of "Moderate Buy" and a consensus target price of $6.79.

BrightSpire Capital Price Performance

Shares of NYSE BRSP traded up $0.07 during midday trading on Friday, reaching $5.39. 373,986 shares of the company traded hands, compared to its average volume of 728,333. The firm has a market cap of $700.00 million, a PE ratio of -24.48 and a beta of 1.52. The stock's 50-day simple moving average is $5.13 and its 200-day simple moving average is $5.34. BrightSpire Capital has a 12 month low of $4.16 and a 12 month high of $6.45. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.54 and a current ratio of 0.54.

BrightSpire Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 14th. Shareholders of record on Monday, June 30th were given a dividend of $0.16 per share. The ex-dividend date was Monday, June 30th. This represents a $0.64 annualized dividend and a yield of 11.9%. BrightSpire Capital's dividend payout ratio (DPR) is presently -290.91%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Atria Investments Inc grew its position in BrightSpire Capital by 18.5% in the second quarter. Atria Investments Inc now owns 45,858 shares of the company's stock valued at $232,000 after acquiring an additional 7,148 shares during the last quarter. Focus Partners Advisor Solutions LLC bought a new position in BrightSpire Capital in the second quarter valued at about $81,000. State of New Jersey Common Pension Fund D grew its position in BrightSpire Capital by 16.3% in the second quarter. State of New Jersey Common Pension Fund D now owns 370,756 shares of the company's stock valued at $1,872,000 after acquiring an additional 52,056 shares during the last quarter. Allianz Asset Management GmbH bought a new position in BrightSpire Capital in the second quarter valued at about $466,000. Finally, Atria Wealth Solutions Inc. bought a new position in BrightSpire Capital in the second quarter valued at about $53,000. Institutional investors own 56.57% of the company's stock.

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.