BrightSpire Capital (BRSP) Stock Forecast, Price & News

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.

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.

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.
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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.

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

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.

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.

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).

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.

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

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.

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

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.

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.