Shares of BrightSpire Capital, Inc. (NYSE:BRSP - Get Free Report) reached a new 52-week high on Wednesday . The company traded as high as $5.07 and last traded at $5.02, with a volume of 972869 shares trading hands. The stock had previously closed at $5.05.
Wall Street Analysts Forecast Growth
Several research firms have weighed in on BRSP. Jones Trading reaffirmed a "buy" rating and set a $6.50 price target on shares of BrightSpire Capital in a research report on Wednesday, April 30th. Industrial Alliance Securities set a $6.50 price target on shares of BrightSpire Capital in a research note on Wednesday, April 30th. JMP Securities lowered their price objective on shares of BrightSpire Capital from $7.50 to $6.50 and set a "market outperform" rating on the stock in a research note on Tuesday, April 22nd. B. Riley reduced their price target on BrightSpire Capital from $10.00 to $9.00 and set a "buy" rating for the company in a report on Tuesday, January 7th. Finally, Alliance Global Partners restated a "buy" rating on shares of BrightSpire Capital in a research note on Wednesday, April 30th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $7.15.
Get Our Latest Analysis on BrightSpire Capital
BrightSpire Capital Stock Performance
The company's fifty day simple moving average is $5.33 and its two-hundred day simple moving average is $5.72. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.73 and a current ratio of 0.70. The stock has a market capitalization of $680.36 million, a P/E ratio of -5.00 and a beta of 1.53.
BrightSpire Capital (NYSE:BRSP - Get Free Report) last announced its earnings results on Tuesday, February 18th. The company reported $0.16 earnings per share for the quarter, missing analysts' consensus estimates of $0.19 by ($0.03). The firm had revenue of $17.46 million for the quarter, compared to the consensus estimate of $65.81 million. BrightSpire Capital had a positive return on equity of 8.82% and a negative net margin of 79.23%. During the same quarter last year, the business posted $0.28 EPS. As a group, equities analysts forecast that BrightSpire Capital, Inc. will post 0.67 EPS for the current year.
BrightSpire Capital Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a $0.16 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.64 dividend on an annualized basis and a dividend yield of 12.27%. BrightSpire Capital's payout ratio is presently -114.29%.
Hedge Funds Weigh In On BrightSpire Capital
A number of hedge funds have recently bought and sold shares of the business. Bank of New York Mellon Corp grew its position in shares of BrightSpire Capital by 0.8% during the 4th quarter. Bank of New York Mellon Corp now owns 357,844 shares of the company's stock worth $2,018,000 after purchasing an additional 2,798 shares in the last quarter. Allegiance Financial Group Advisory Services LLC increased its stake in BrightSpire Capital by 30.3% during the 4th quarter. Allegiance Financial Group Advisory Services LLC now owns 19,087 shares of the company's stock worth $108,000 after acquiring an additional 4,434 shares during the period. Atria Investments Inc raised its holdings in BrightSpire Capital by 18.2% in the 4th quarter. Atria Investments Inc now owns 35,869 shares of the company's stock valued at $202,000 after acquiring an additional 5,531 shares in the last quarter. Merit Financial Group LLC lifted its position in shares of BrightSpire Capital by 5.3% during the 1st quarter. Merit Financial Group LLC now owns 112,222 shares of the company's stock valued at $624,000 after acquiring an additional 5,647 shares during the period. Finally, Gallagher Fiduciary Advisors LLC lifted its position in shares of BrightSpire Capital by 18.9% during the 4th quarter. Gallagher Fiduciary Advisors LLC now owns 36,164 shares of the company's stock valued at $204,000 after acquiring an additional 5,749 shares during the period. 56.57% of the stock is owned by institutional investors.
About BrightSpire Capital
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Get Free Report)
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.
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