BrightSpire Capital, Inc. (NYSE:BRSP) Receives $7.45 Consensus Target Price from Brokerages

BrightSpire Capital, Inc. (NYSE:BRSP) has received an average recommendation of “Hold” from the seven research firms that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $7.45.

A number of equities analysts recently issued reports on the stock. B. Riley lowered their target price on shares of BrightSpire Capital from $10.00 to $9.00 and set a “buy” rating on the stock in a research note on Tuesday, January 7th. Alliance Global Partners initiated coverage on shares of BrightSpire Capital in a report on Friday, January 17th. They issued a “buy” rating and a $7.25 price objective for the company.

Institutional Trading of BrightSpire Capital

Large investors have recently added to or reduced their stakes in the business. Avior Wealth Management LLC lifted its position in shares of BrightSpire Capital by 363.1% during the 3rd quarter. Avior Wealth Management LLC now owns 9,266 shares of the company’s stock valued at $52,000 after acquiring an additional 7,265 shares during the last quarter. ORG Partners LLC purchased a new stake in shares of BrightSpire Capital during the third quarter valued at $53,000. McAdam LLC acquired a new position in shares of BrightSpire Capital in the 3rd quarter valued at $58,000. Winthrop Advisory Group LLC purchased a new position in BrightSpire Capital in the 4th quarter worth about $61,000. Finally, Fermata Advisors LLC acquired a new stake in BrightSpire Capital during the 4th quarter worth about $65,000. 56.57% of the stock is currently owned by institutional investors.

BrightSpire Capital Trading Down 0.9 %

NYSE:BRSP opened at $5.71 on Friday. The stock has a market cap of $740.47 million, a price-to-earnings ratio of -5.60 and a beta of 1.88. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.73 and a current ratio of 0.73. BrightSpire Capital has a 1 year low of $5.07 and a 1 year high of $7.04. The business has a fifty day moving average of $5.87 and a 200-day moving average of $5.83.

BrightSpire Capital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a $0.16 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.64 dividend on an annualized basis and a dividend yield of 11.21%. BrightSpire Capital’s payout ratio is currently -62.75%.

BrightSpire Capital Company Profile

BrightSpire Capital, Inc operates as a commercial real estate (CRE) credit real estate investment trust in the United States and Europe. The company operates through Senior and Mezzanine Loans and Preferred Equity; Net Leased and Other Real Estate; and Corporate and Other segments. It focuses on originating, acquiring, financing, and managing a diversified portfolio of CRE debt investments consisting of first mortgage loans, senior loans, debt securities, mezzanine loans, and preferred equity investments, as well as net leased properties.