BrightSpire Capital, Inc. (NYSE:BRSP) Stock Has Average Price Target of $5.85 According to Analysts

Key Points

• Analysts are divided: BrightSpire Capital has a consensus “Hold” rating from nine analysts—six rate it a buy and three a sell—with an average 12-month price target of $5.85.
• The stock traded at $3.35, near its one-year low of $3.33. Recent analyst moves included Barclays lowering its target to $4 and JonesTrading trimming its target to $6.25.
• BrightSpire reported quarterly EPS of $0.14, slightly above estimates, and revenue of $109.77 million. Its quarterly dividend of $0.16 equates to a 19.1% annualized yield.

BrightSpire Capital, Inc. (NYSE:BRSP - Get Free Report) has been given a consensus rating of "Hold" by the nine analysts that are covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a sell rating and six have issued a buy rating on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $5.85.

A number of equities research analysts recently issued reports on BRSP shares. Citigroup reissued a "market outperform" rating on shares of BrightSpire Capital in a research report on Wednesday, October 7th. Zacks Research lowered BrightSpire Capital from a "hold" rating to a "strong sell" rating in a report on Wednesday, October 14th. Barclays decreased their price target on BrightSpire Capital from $6.00 to $4.00 and set an "underweight" rating on the stock in a research report on Monday, October 5th. Wall Street Zen downgraded BrightSpire Capital from a "hold" rating to a "sell" rating in a research note on Saturday, October 24th. Finally, JonesTrading cut their price objective on shares of BrightSpire Capital from $6.50 to $6.25 and set a "buy" rating for the company in a research report on Wednesday, October 28th.

BrightSpire Capital Stock Performance

BrightSpire Capital stock traded down $0.12 during midday trading on Friday, hitting $3.35. The company's stock had a trading volume of 1,304,669 shares, compared to its average volume of 2,155,402. The company has a debt-to-equity ratio of 2.79, a current ratio of 0.82 and a quick ratio of 0.82. The company has a market cap of $417.05 million, a price-to-earnings ratio of 25.73, a PEG ratio of 2.74 and a beta of 1.34. BrightSpire Capital has a 1-year low of $3.33 and a 1-year high of $6.16. The company has a 50-day moving average price of $3.99 and a two-hundred day moving average price of $5.18.

BrightSpire Capital (NYSE:BRSP - Get Free Report) last announced its earnings results on Tuesday, October 27th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.13 by $0.01. BrightSpire Capital had a net margin of 27.63% and a return on equity of 5.82%. The firm had revenue of $109.77 million for the quarter, compared to analyst estimates of $83.56 million. As a group, sell-side analysts predict that BrightSpire Capital will post 0.44 earnings per share for the current year.

BrightSpire Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 14th. Shareholders of record on Wednesday, September 30th were issued a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 19.1%. The ex-dividend date of this dividend was Wednesday, September 30th. BrightSpire Capital's dividend payout ratio (DPR) is currently 492.31%.

Institutional Trading of BrightSpire Capital

Several large investors have recently made changes to their positions in BRSP. Private Management Group Inc. lifted its stake in BrightSpire Capital by 29.5% during the third quarter. Private Management Group Inc. now owns 6,315,577 shares of the company's stock worth $24,189,000 after purchasing an additional 1,438,092 shares during the last quarter. Kestra Advisory Services LLC lifted its position in shares of BrightSpire Capital by 6.6% during the 3rd quarter. Kestra Advisory Services LLC now owns 111,078 shares of the company's stock worth $425,000 after buying an additional 6,874 shares during the last quarter. Inscription Capital LLC acquired a new stake in BrightSpire Capital in the third quarter valued at about $114,000. Bfsg LLC boosted its stake in BrightSpire Capital by 25.2% in the third quarter. Bfsg LLC now owns 32,910 shares of the company's stock valued at $126,000 after buying an additional 6,630 shares in the last quarter. Finally, Vise Technologies Inc. bought a new position in BrightSpire Capital in the third quarter valued at about $70,000. Institutional investors and hedge funds own 56.57% of the company's stock.

About BrightSpire Capital

BrightSpire Capital, Inc is a commercial real estate finance company organized as a real estate investment trust (REIT). The company focuses on originating, acquiring, financing and managing a portfolio of commercial real estate debt and related investments.

BrightSpire's investments primarily include senior mortgage loans, mezzanine loans, preferred equity and other real estate-related credit investments. Its portfolio may be secured by properties across several commercial real estate sectors, including office, multifamily, industrial, hospitality, retail and other specialized property types.

The company serves commercial real estate owners, operators and developers primarily in the United States.

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