BrightSpire Capital, Inc. (NYSE:BRSP) Stock Rated "Moderate Buy" by Wall Street Analysts

Key Points

• BrightSpire Capital has a “Moderate Buy” consensus rating from eight analysts, with six buys and two sells. The average 12-month price target is $6.00, above the stock’s recent price of $3.77.
• BRSP shares have declined toward their 52-week low, trading below both their 50-day and 200-day moving averages. The company also recently missed quarterly earnings and revenue expectations.
• BrightSpire announced a quarterly dividend of $0.16 per share, equivalent to $0.64 annually and a high 17.0% indicated yield; institutional investors own approximately 56.6% of the stock.

BrightSpire Capital, Inc. (NYSE:BRSP - Get Free Report) has been given a consensus rating of "Moderate Buy" by the eight ratings firms that are currently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation and six have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $6.00.

A number of analysts have recently issued reports on BRSP shares. Citizens Jmp decreased their target price on BrightSpire Capital from $7.00 to $6.00 and set a "market outperform" rating for the company in a report on Wednesday, October 7th. Weiss Ratings downgraded shares of BrightSpire Capital from a "sell (d+)" rating to a "sell (d)" rating in a research report on Friday, September 4th. JonesTrading restated a "buy" rating and issued a $6.50 price target on shares of BrightSpire Capital in a report on Wednesday, July 29th. The Goldman Sachs Group upgraded shares of BrightSpire Capital to a "buy" rating in a report on Wednesday, October 7th. Finally, B. Riley Financial reduced their price target on shares of BrightSpire Capital from $7.00 to $6.50 and set a "buy" rating on the stock in a research report on Thursday, July 30th.

Hedge Funds Weigh In On BrightSpire Capital

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Fermata Advisors LLC acquired a new stake in BrightSpire Capital in the 3rd quarter valued at $40,000. Versant Capital Management Inc raised its position in BrightSpire Capital by 155.4% in the third quarter. Versant Capital Management Inc now owns 13,037 shares of the company's stock valued at $50,000 after purchasing an additional 7,932 shares during the period. Integrated Wealth Concepts LLC acquired a new position in shares of BrightSpire Capital during the second quarter worth about $31,000. RFG Advisory LLC acquired a new position in shares of BrightSpire Capital during the second quarter worth about $72,000. Finally, Squarepoint Ops LLC acquired a new position in shares of BrightSpire Capital during the second quarter worth about $85,000. Institutional investors and hedge funds own 56.57% of the company's stock.

BrightSpire Capital Trading Down 0.4%

BRSP stock traded down $0.01 on Tuesday, hitting $3.77. 189,738 shares of the company were exchanged, compared to its average volume of 1,224,802. BrightSpire Capital has a twelve month low of $3.72 and a twelve month 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 business's fifty day moving average is $4.48 and its two-hundred day moving average is $5.21. The stock has a market capitalization of $477.61 million, a price-to-earnings ratio of -16.41, a price-to-earnings-growth ratio of 2.86 and a beta of 1.31.

BrightSpire Capital (NYSE:BRSP - Get Free Report) last announced its quarterly 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). BrightSpire Capital had a negative net margin of 20.43% and a positive return on equity of 7.01%. The company had revenue of $48.67 million during the quarter, compared to analyst estimates of $64.31 million. As a group, research analysts forecast that BrightSpire Capital will post 0.44 earnings per share for the current year.

BrightSpire Capital Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 30th will be paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 17.0%. The ex-dividend date of this dividend is Wednesday, September 30th. BrightSpire Capital's dividend payout ratio (DPR) is currently -278.26%.

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 commercial real estate debt and related investments.

Its investment activities primarily include senior mortgage loans, mezzanine loans, subordinated debt, preferred equity and other credit investments secured by or connected to commercial properties. BrightSpire generally targets transitional and institutional-quality real estate across property types such as office, multifamily, industrial, retail and hospitality.

The company was formed in 2018 as Colony Credit Real Estate and later adopted the BrightSpire Capital name.

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