BrightSpire Capital, Inc. (NYSE:BRSP) Receives Consensus Rating of "Hold" from Analysts

Key Points

• Analyst sentiment is mixed: BrightSpire Capital has a consensus “Hold” rating from six analysts, with two sells and four buys. The average 12-month price target is $6.50, versus a recent share price of $4.92.
• Recent results fell short of expectations: The company reported quarterly EPS of $0.13, below the $0.15 consensus, while revenue of $48.7 million missed estimates of $64.31 million.
• The stock offers a high dividend yield: BrightSpire declared a quarterly dividend of $0.16, equivalent to $0.64 annually and a 13.0% yield, although its payout ratio was negative due to reported losses.

BrightSpire Capital, Inc. (NYSE:BRSP - Get Free Report) has earned an average rating of "Hold" from the six brokerages that are currently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation and four have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $6.50.

Several equities analysts recently weighed in on the company. B. Riley Financial cut their price objective on BrightSpire Capital from $7.00 to $6.50 and set a "buy" rating for the company in a research report on Thursday, July 30th. Weiss Ratings downgraded BrightSpire Capital from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Tuesday, May 26th. Wall Street Zen lowered BrightSpire Capital from a "hold" rating to a "sell" rating in a report on Monday. Finally, JonesTrading reissued a "buy" rating and issued a $6.50 price objective on shares of BrightSpire Capital in a research report on Wednesday, July 29th.

BrightSpire Capital Stock Performance

NYSE:BRSP traded up $0.01 during midday trading on Monday, reaching $4.92. The stock had a trading volume of 68,183 shares, compared to its average volume of 1,127,253. The stock has a market capitalization of $621.85 million, a P/E ratio of -21.37, a PEG ratio of 3.49 and a beta of 1.29. BrightSpire Capital has a 1-year low of $4.80 and a 1-year high of $6.16. The company has a debt-to-equity ratio of 2.75, a current ratio of 0.83 and a quick ratio of 0.83. The firm's fifty day simple moving average is $5.26 and its 200-day simple moving average is $5.58.

BrightSpire Capital (NYSE:BRSP - Get Free Report) last released its earnings results on Tuesday, July 28th. The company reported $0.13 earnings per share for the quarter, missing analysts' consensus estimates of $0.15 by ($0.02). The firm had revenue of $48.70 million for the quarter, compared to analyst estimates of $64.31 million. BrightSpire Capital had a positive return on equity of 7.01% and a negative net margin of 20.43%. On average, equities research analysts forecast that BrightSpire Capital will post 0.47 EPS for the current fiscal year.

BrightSpire Capital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were issued a $0.16 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.64 dividend on an annualized basis and a yield of 13.0%. BrightSpire Capital's dividend payout ratio is -278.26%.

Institutional Trading of BrightSpire Capital

Hedge funds and other institutional investors have recently bought and sold shares of the stock. North Ground Capital raised its position in shares of BrightSpire Capital by 21.2% during the fourth quarter. North Ground Capital now owns 3,054,552 shares of the company's stock valued at $17,105,000 after buying an additional 534,552 shares during the last quarter. Goldman Sachs Group Inc. grew its position in BrightSpire Capital by 13.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,856,367 shares of the company's stock worth $15,996,000 after buying an additional 348,931 shares in the last quarter. Punch & Associates Investment Management Inc. increased its stake in BrightSpire Capital by 13.8% during the third quarter. Punch & Associates Investment Management Inc. now owns 2,335,970 shares of the company's stock valued at $12,684,000 after acquiring an additional 284,046 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of BrightSpire Capital by 7.5% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,295,502 shares of the company's stock valued at $12,465,000 after purchasing an additional 159,705 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in shares of BrightSpire Capital by 15.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,242,261 shares of the company's stock valued at $12,557,000 after purchasing an additional 305,264 shares during the period. 56.57% of the stock is currently owned by institutional investors and hedge funds.

About BrightSpire Capital

BrightSpire Capital Inc NYSE: BRSP is a real estate investment trust (REIT) specializing in commercial real estate debt. The company primarily originates, acquires and manages a diversified portfolio of mortgage loans, mezzanine loans and preferred equity investments secured by office, retail, industrial, multifamily and hospitality assets across the United States. By focusing on income-producing credit instruments, BrightSpire seeks to deliver attractive risk-adjusted returns to its shareholders through regular dividend distributions.

BrightSpire’s investment strategy spans the capital structure of commercial real estate, with an emphasis on senior mortgages that offer more stable cash flows and downside protection.

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