Analysts Set BrightSpire Capital, Inc. (NYSE:BRSP) PT at $7.69

Shares of BrightSpire Capital, Inc. (NYSE:BRSP) have received a consensus rating of “Moderate Buy” from the six ratings firms that are covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $7.69.

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

BrightSpire Capital Stock Down 2.0 %

BrightSpire Capital stock opened at $5.68 on Friday. BrightSpire Capital has a 12 month low of $5.07 and a 12 month high of $6.88. The stock has a fifty day simple moving average of $5.88 and a two-hundred day simple moving average of $5.88. The company has a current ratio of 0.70, a quick ratio of 0.73 and a debt-to-equity ratio of 1.79. The firm has a market cap of $735.96 million, a price-to-earnings ratio of -5.40 and a beta of 1.98.

BrightSpire Capital (NYSE:BRSP) last released its quarterly earnings data on Tuesday, February 18th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.03). The business had revenue of $17.46 million during the quarter, compared to the consensus estimate of $65.81 million. BrightSpire Capital had a positive return on equity of 8.82% and a negative net margin of 79.23%. During the same quarter in the previous year, the business posted $0.28 earnings per share. Equities analysts predict that BrightSpire Capital will post 0.67 EPS for the current fiscal year.

BrightSpire Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $0.16 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.64 annualized dividend and a dividend yield of 11.28%. BrightSpire Capital’s dividend payout ratio (DPR) is -60.95%.

Hedge Funds Weigh In On BrightSpire Capital

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Ameriflex Group Inc. bought a new position in shares of BrightSpire Capital in the fourth quarter worth about $37,000. Avior Wealth Management LLC increased its holdings in BrightSpire Capital by 363.1% in the 3rd quarter. Avior Wealth Management LLC now owns 9,266 shares of the company’s stock worth $52,000 after acquiring an additional 7,265 shares in the last quarter. Brevan Howard Capital Management LP bought a new stake in BrightSpire Capital during the 4th quarter worth approximately $57,000. Winthrop Advisory Group LLC purchased a new position in BrightSpire Capital during the fourth quarter valued at approximately $61,000. Finally, Dark Forest Capital Management LP bought a new position in shares of BrightSpire Capital in the fourth quarter worth approximately $64,000. 56.57% of the stock is currently owned by hedge funds and other institutional investors.

About BrightSpire Capital

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.