BrightSpire Capital (BRSP) Stock Forecast, Price & News

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

5 equities research analysts have issued 1 year price objectives for BrightSpire Capital's stock. Their BRSP share price forecasts range from $9.50 to $10.00. On average, they expect the company's share price to reach $9.75 in the next twelve months. This suggests a possible upside of 55.8% 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 on January 1st, 2023. Since then, BRSP stock has increased by 0.5% and is now trading at $6.26.
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BrightSpire Capital saw a decline in short interest in the month of August. As of August 31st, there was short interest totaling 2,150,000 shares, a decline of 10.8% from the August 15th total of 2,410,000 shares. Based on an average daily volume of 795,200 shares, the days-to-cover ratio is currently 2.7 days. Currently, 1.7% of the shares of the stock are short sold.
View BrightSpire Capital's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
View our BRSP earnings forecast.

BrightSpire Capital, Inc. (NYSE:BRSP) posted its quarterly earnings results on Wednesday, August, 3rd. The company reported $0.24 EPS for the quarter, topping analysts' consensus estimates of $0.21 by $0.03. BrightSpire Capital had a negative net margin of 17.34% and a positive trailing twelve-month return on equity of 9.12%. During the same period in the previous year, the company posted $0.20 earnings per share.

BrightSpire Capital announced a quarterly dividend on Monday, September 18th. Investors of record on Friday, September 29th will be paid a dividend of $0.20 per share on Friday, October 13th. This represents a $0.80 annualized dividend and a dividend yield of 12.78%. The ex-dividend date is Thursday, September 28th.
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 Hoya Capital High Dividend Yield ETF (RIET).Global X SuperDividend ETF (SDIV).

BrightSpire Capital (NYSE:BRSP) pays an annual dividend of $0.80 per share and currently has a dividend yield of 12.58%. BRSP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
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 a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (8.22%), Geode Capital Management LLC (2.03%), State Street Corp (2.02%), Wolf Hill Capital Management LP (1.60%), Goldman Sachs Group Inc. (1.52%) and Charles Schwab Investment Management Inc. (1.06%). Insiders that own company stock include Catherine Rice, David A Palame and Michael Mazzei.
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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 $6.26.

BrightSpire Capital (NYSE:BRSP) has a market capitalization of $813.74 million and generates $127.10 million in revenue each year. The company earns $45.79 million in net income (profit) each year or ($0.22) 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.