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NYSE:BRSP

BrightSpire Capital (BRSP) Stock Forecast, Price & News

$6.03
+0.11 (+1.86%)
(As of 06/1/2023 ET)
Compare
Today's Range
$5.87
$6.03
50-Day Range
$5.23
$5.99
52-Week Range
$5.21
$9.45
Volume
567,423 shs
Average Volume
1.18 million shs
Market Capitalization
$783.60 million
P/E Ratio
60.31
Dividend Yield
13.27%
Price Target
$10.25

BrightSpire Capital MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.60 Rating Score
Upside/​Downside
70.0% Upside
$10.25 Price Target
Short Interest
Healthy
2.02% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.36mentions of BrightSpire Capital in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-1.12%
From $0.89 to $0.88 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.48 out of 5 stars

Finance Sector

915th out of 1,786 stocks

Real Estate Investment Trusts Industry

163rd out of 382 stocks


BRSP stock logo

About BrightSpire Capital (NYSE:BRSP) Stock

BrightSpire Capital, Inc. is a real estate investment trust. It originates, acquires, finances, and manages portfolio consisting of commercial real estate (CRE) debt investments and net leased properties in the United States. It operates through the following segments: Senior Mezzanine Loans and Preferred Equity, Net Leased and other Real Estate, CRE Debt Securities, and Corporate. The Senior and Mezzanine Loans and Preferred Equity segment covers CRE debt investments including senior loans, mezzanine loans, and preferred equity interests as well as participations in such loans. The Net Leased and Other Real Estate segment includes investments in commercial real estate with long-term leases to tenants on a net lease basis. The CRE Debt Securities segment consists of securities investments previously consisting of BBB and some BB rated CMBS. the Corporate segment deals with corporate-level asset management and other fees. The company was founded on August 23, 2017 and is headquartered in New York, NY.

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BRSP Stock News Headlines

BrightSpire Capital (NYSE: BRSP)
The $193 Billion US-China War You Don't Know About
They're fighting for control of lithium – a key ingredient in EVs and clean energy technology. It's arguably the most important commodity of the 21st century. China owns 80% of global supply. But the US plans to grab a massive slice of the lithium market, which is forecasted to quadruple to $193 billion by 2028, according to Fortune Business Insights.
Graphite versus Lithium - What Investors Should Know
Over 18 million EVs will be cruising U.S roads by 2030. And every one million EVs manufactured will require 82,000 tons of the metal graphite for their batteries. That's a total of 1,476,000 tons of graphite! Graphite is actually the largest component of EV batteries - NOT lithium. Experts warn of a massive graphite shortfall, especially since North America currently has no operating graphite mines.
BTIG Keeps Their Hold Rating on BrightSpire Capital (BRSP)
See More Headlines

BRSP Price History

BRSP Company Calendar

Last Earnings
8/03/2022
Ex-Dividend for 4/17 Dividend
3/30/2023
Dividend Payable
4/17/2023
Today
6/01/2023
Next Earnings (Estimated)
8/02/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
N/A
Sector
Finance
Fax
N/A
Employees
55
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$10.25
High Stock Price Forecast
$10.50
Low Stock Price Forecast
$10.00
Forecasted Upside/Downside
+71.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.60
Research Coverage
5 Analysts

Profitability

Net Income
$45.79 million
Pretax Margin
4.86%

Debt

Sales & Book Value

Annual Sales
$127.10 million
Cash Flow
$1.17 per share
Book Value
$10.42 per share

Miscellaneous

Free Float
127,464,000
Market Cap
$775.80 million
Optionable
Not Optionable
Beta
1.67

Key Executives

  • Michael J. Mazzei
    Chief Executive Officer & Director
  • Andrew E. Witt
    President & Chief Operating Officer
  • Frank V. Saracino
    CFO, Treasurer & Executive Vice President
  • David A. Palamé
    Secretary, EVP & General Counsel
  • George Kok
    Chief Credit Officer













BRSP Stock - Frequently Asked Questions

Should I buy or sell BrightSpire Capital stock right now?

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for BrightSpire Capital in the last twelve months. There are currently 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" BRSP shares.
View BRSP analyst ratings
or view top-rated stocks.

What is BrightSpire Capital's stock price forecast for 2023?

5 equities research analysts have issued 12-month price targets for BrightSpire Capital's stock. Their BRSP share price forecasts range from $10.00 to $10.50. On average, they expect the company's share price to reach $10.25 in the next year. This suggests a possible upside of 71.7% from the stock's current price.
View analysts price targets for BRSP
or view top-rated stocks among Wall Street analysts.

How have BRSP shares performed in 2023?

BrightSpire Capital's stock was trading at $6.23 at the start of the year. Since then, BRSP shares have decreased by 4.2% and is now trading at $5.97.
View the best growth stocks for 2023 here
.

Are investors shorting BrightSpire Capital?

BrightSpire Capital saw a drop in short interest in the month of April. As of April 30th, there was short interest totaling 2,630,000 shares, a drop of 8.4% from the April 15th total of 2,870,000 shares. Based on an average daily volume of 1,510,000 shares, the short-interest ratio is presently 1.7 days. Currently, 2.1% of the company's shares are short sold.
View BrightSpire Capital's Short Interest
.

When is BrightSpire Capital's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023.
View our BRSP earnings forecast
.

How were BrightSpire Capital's earnings last quarter?

BrightSpire Capital, Inc. (NYSE:BRSP) issued its quarterly earnings data on Wednesday, August, 3rd. The company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.21 by $0.03. BrightSpire Capital had a net margin of 8.55% and a trailing twelve-month return on equity of 8.92%. During the same period last year, the firm posted $0.20 EPS.

How often does BrightSpire Capital pay dividends? What is the dividend yield for BrightSpire Capital?

BrightSpire Capital announced a quarterly dividend on Friday, March 17th. Shareholders of record on Friday, March 31st will be paid a dividend of $0.20 per share on Monday, April 17th. This represents a $0.80 annualized dividend and a dividend yield of 13.40%. The ex-dividend date of this dividend is Thursday, March 30th.
Read our dividend analysis for BRSP
.

What ETFs hold BrightSpire Capital's stock?

ETFs with the largest weight of BrightSpire Capital (NYSE:BRSP) stock in their portfolio include VanEck Mortgage REIT Income ETF (MORT), iShares Mortgage Real Estate ETF (REM) and InfraCap Equity Income Fund ETF (ICAP).Hoya Capital High Dividend Yield ETF (RIET).

Is BrightSpire Capital a good dividend stock?

BrightSpire Capital (NYSE:BRSP) pays an annual dividend of $0.80 per share and currently has a dividend yield of 13.40%. BRSP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 800.08%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, BRSP will have a dividend payout ratio of 90.91% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for BRSP.

What is BrightSpire Capital's stock symbol?

BrightSpire Capital trades on the New York Stock Exchange (NYSE) under the ticker symbol "BRSP."

Who are BrightSpire Capital's major shareholders?

BrightSpire Capital's stock is owned by many different retail and institutional investors. Top institutional investors include BlackRock Inc. (6.37%), Private Management Group Inc. (2.46%), Wolf Hill Capital Management LP (2.11%), State Street Corp (1.73%), Geode Capital Management LLC (1.62%) and Zimmer Partners LP (1.62%). Insiders that own company stock include Catherine Rice, David A Palame and Michael Mazzei.
View institutional ownership trends
.

How do I buy shares of BrightSpire Capital?

Shares of BRSP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is BrightSpire Capital's stock price today?

One share of BRSP stock can currently be purchased for approximately $5.97.

How much money does BrightSpire Capital make?

BrightSpire Capital (NYSE:BRSP) has a market capitalization of $775.80 million and generates $127.10 million in revenue each year. The company earns $45.79 million in net income (profit) each year or $0.10 on an earnings per share basis.

How can I contact BrightSpire Capital?

BrightSpire Capital's mailing address is 515 SOUTH FLOWER STREET 44TH FLOOR, LOS ANGELES CA, 90071. The official website for the company is www.brightspire.com. The company can be reached via phone at (212) 547-2631 or via email at lglassen@addoir.com.

This page (NYSE:BRSP) was last updated on 6/1/2023 by MarketBeat.com Staff

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