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

Key Points

• Analysts rate BrightSpire Capital “Hold” overall: Two analysts recommend selling while four recommend buying, with an average 12-month price target of $6.50.
• BRSP shares fell 1.3% to $4.12, near their 52-week low of $4.10. The company’s latest quarterly earnings missed expectations, reporting $0.13 per share versus the $0.15 consensus estimate.
• BrightSpire declared a quarterly dividend of $0.16 per share, equivalent to a $0.64 annualized payout and a 15.5% yield; institutional investors own 56.57% of the stock.

Shares of BrightSpire Capital, Inc. (NYSE:BRSP - Get Free Report) have been given a consensus rating of "Hold" by the six analysts that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating and four have assigned a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $6.50.

BRSP has been the subject of a number of analyst reports. Weiss Ratings lowered BrightSpire Capital from a "sell (d+)" rating to a "sell (d)" rating in a report on Friday, September 4th. Wall Street Zen upgraded BrightSpire Capital from a "sell" rating to a "hold" rating in a research note on Tuesday, September 1st. JonesTrading reiterated a "buy" rating and issued a $6.50 target price on shares of BrightSpire Capital in a report on Wednesday, July 29th. Finally, B. Riley Financial cut their price target on shares of BrightSpire Capital from $7.00 to $6.50 and set a "buy" rating on the stock in a report on Thursday, July 30th.

BrightSpire Capital Stock Down 1.3%

Shares of BRSP traded down $0.06 during midday trading on Friday, reaching $4.12. 304,921 shares of the stock were exchanged, compared to its average volume of 1,138,790. The company has a market capitalization of $521.91 million, a P/E ratio of -17.93, a PEG ratio of 3.05 and a beta of 1.27. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 2.75. BrightSpire Capital has a 52 week low of $4.10 and a 52 week high of $6.16. The company's 50 day moving average is $4.93 and its two-hundred day moving average is $5.42.

BrightSpire Capital (NYSE:BRSP - Get Free Report) last released its quarterly earnings data 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). BrightSpire Capital had a positive return on equity of 7.01% and a negative net margin of 20.43%.The business had revenue of $48.67 million during the quarter, compared to analysts' expectations of $64.31 million. On average, sell-side analysts anticipate that BrightSpire Capital will post 0.47 earnings per share for the current year.

BrightSpire Capital Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 14th. Shareholders of record on Wednesday, September 30th will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 15.5%. The ex-dividend date is Wednesday, September 30th. BrightSpire Capital's payout ratio is presently -278.26%.

Institutional Investors Weigh In On BrightSpire Capital

A number of institutional investors and hedge funds have recently modified their holdings of the company. Integrated Wealth Concepts LLC purchased a new position in BrightSpire Capital during the 2nd quarter worth approximately $31,000. RFG Advisory LLC acquired a new stake in shares of BrightSpire Capital in the second quarter worth $72,000. Squarepoint Ops LLC purchased a new position in shares of BrightSpire Capital during the second quarter worth $85,000. Waverly Advisors LLC acquired a new position in BrightSpire Capital during the second quarter valued at $117,000. Finally, Corient Private Wealth LP purchased a new stake in BrightSpire Capital in the second quarter valued at $58,000. Institutional investors and hedge funds own 56.57% of the company's stock.

About BrightSpire Capital

BrightSpire Capital, Inc is a real estate investment trust that focuses on commercial real estate credit and investments. The company primarily originates, acquires and manages loans and other investments secured by commercial properties, with an emphasis on providing financing to property owners, operators and developers.

BrightSpire's investment activities may include senior mortgage loans, mezzanine loans, preferred equity and other forms of structured commercial real estate financing.

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