BrightSpire Capital, Inc. (NYSE:BRSP) Given Average Recommendation of "Hold" by Brokerages

Key Points

• BrightSpire Capital, Inc. has an average recommendation of "Hold" from six brokerages, with two sell ratings and four buy ratings.
• The company's stock has a 12-month target price average of $6.79, with a recent trading price of $5.39 and a market cap of $700 million.
• BrightSpire Capital recently announced a quarterly dividend of $0.16, representing an annualized yield of 11.9%.

Shares of BrightSpire Capital, Inc. (NYSE:BRSP - Get Free Report) have been assigned an average recommendation of "Hold" from the six brokerages that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation and four have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $6.7917.

BRSP has been the subject of a number of research reports. Jones Trading reissued a "buy" rating and issued a $6.50 price target on shares of BrightSpire Capital in a report on Wednesday, July 30th. Barclays reissued an "underweight" rating and issued a $5.00 price target (down previously from $7.00) on shares of BrightSpire Capital in a report on Tuesday, July 8th. Finally, Weiss Ratings reissued a "sell (d+)" rating on shares of BrightSpire Capital in a report on Saturday, September 27th.

BrightSpire Capital Price Performance

Shares of NYSE BRSP traded up $0.01 during mid-day trading on Friday, hitting $5.39. 408,808 shares of the stock were exchanged, compared to its average volume of 682,585. The company has a market cap of $700.00 million, a P/E ratio of -24.48 and a beta of 1.54. The stock's fifty day simple moving average is $5.59 and its two-hundred day simple moving average is $5.28. 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 has a twelve month low of $4.16 and a twelve month high of $6.45.

BrightSpire Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be paid a $0.16 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $0.64 dividend on an annualized basis and a yield of 11.9%. BrightSpire Capital's dividend payout ratio (DPR) is presently -290.91%.

Hedge Funds Weigh In On BrightSpire Capital

Hedge funds and other institutional investors have recently made changes to their positions in the company. Private Management Group Inc. increased its stake in BrightSpire Capital by 1.3% in the 2nd quarter. Private Management Group Inc. now owns 4,818,494 shares of the company's stock valued at $24,333,000 after buying an additional 60,262 shares during the last quarter. Nomura Holdings Inc. increased its stake in BrightSpire Capital by 5.1% in the 2nd quarter. Nomura Holdings Inc. now owns 3,418,495 shares of the company's stock valued at $17,263,000 after buying an additional 165,792 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of BrightSpire Capital by 0.8% during the 2nd quarter. Geode Capital Management LLC now owns 3,133,854 shares of the company's stock worth $15,828,000 after purchasing an additional 25,841 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of BrightSpire Capital by 9.5% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,135,797 shares of the company's stock worth $10,786,000 after purchasing an additional 185,431 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in shares of BrightSpire Capital by 2.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,011,455 shares of the company's stock worth $11,184,000 after purchasing an additional 46,749 shares during the last quarter. 56.57% of the stock is owned by institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.