B. Riley Analysts Increase Earnings Estimates for BRSP

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) - Equities researchers 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 anticipates that the company will post earnings of $0.55 per share for the year, up from their previous forecast of $0.52. The consensus estimate for BrightSpire Capital's current full-year earnings is $0.67 per share.

BRSP has been the subject of several other research reports. Alliance Global Partners reissued a "buy" rating on shares of BrightSpire Capital in a research note on Wednesday, April 30th. JMP Securities decreased their price target 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, April 22nd. Jones Trading reissued a "buy" rating and set a $6.50 price objective on shares of BrightSpire Capital in a report on Wednesday, July 30th. 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. Finally, Industrial Alliance Securities set a $6.50 price objective on shares of BrightSpire Capital in a research note on Wednesday, April 30th. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, BrightSpire Capital currently has a consensus rating of "Moderate Buy" and a consensus target price of $6.79.

BrightSpire Capital Trading Up 3.0%

NYSE BRSP traded up $0.16 during trading hours on Friday, hitting $5.32. 1,191,924 shares of the company were exchanged, compared to its average volume of 730,808. The stock has a 50-day moving average price of $5.12 and a 200 day moving average price of $5.34. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 1.79. BrightSpire Capital has a 52 week low of $4.16 and a 52 week high of $6.45. The stock has a market cap of $690.92 million, a PE ratio of -24.16 and a beta of 1.52.

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 $0.16 dividend. The ex-dividend date was Monday, June 30th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 12.0%. BrightSpire Capital's dividend payout ratio is -290.91%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Ameriflex Group Inc. purchased a new stake in BrightSpire Capital during the 4th quarter valued at about $37,000. Atria Wealth Solutions Inc. purchased a new stake in BrightSpire Capital during the 2nd quarter valued at about $53,000. Brevan Howard Capital Management LP purchased a new stake in BrightSpire Capital during the 4th quarter valued at about $57,000. Aigen Investment Management LP purchased a new stake in BrightSpire Capital during the 1st quarter valued at about $57,000. Finally, M&T Bank Corp purchased a new stake in BrightSpire Capital during the 1st quarter valued at about $62,000. Institutional investors and hedge funds 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.