BrightSpire Capital, Inc. (NYSE:BRSP) Given Average Recommendation of “Moderate Buy” by Analysts

BrightSpire Capital, Inc. (NYSE:BRSP) has been assigned a consensus recommendation of “Moderate Buy” from the seven ratings firms that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation and five have given a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $6.40.

BRSP has been the subject of a number of analyst reports. Weiss Ratings upgraded shares of BrightSpire Capital from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, February 3rd. B. Riley Financial began coverage on shares of BrightSpire Capital in a research note on Monday, January 5th. They issued a “buy” rating and a $7.50 target price for the company. Finally, Citigroup reissued a “market outperform” rating on shares of BrightSpire Capital in a research note on Thursday, October 30th.

BrightSpire Capital Price Performance

BrightSpire Capital stock opened at $5.86 on Thursday. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 1.81. The firm has a market capitalization of $759.59 million, a P/E ratio of -19.52 and a beta of 1.39. The business has a 50-day moving average of $5.88 and a 200-day moving average of $5.63. BrightSpire Capital has a 1 year low of $4.16 and a 1 year high of $6.32.

BrightSpire Capital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were paid a $0.16 dividend. The ex-dividend date was Wednesday, December 31st. This represents a $0.64 annualized dividend and a yield of 10.9%. BrightSpire Capital’s payout ratio is presently -213.33%.

Institutional Trading of BrightSpire Capital

Institutional investors have recently made changes to their positions in the business. Royal Bank of Canada lifted its position in shares of BrightSpire Capital by 90.1% in the first quarter. Royal Bank of Canada now owns 109,674 shares of the company’s stock valued at $610,000 after buying an additional 51,977 shares during the last quarter. AQR Capital Management LLC acquired a new position in BrightSpire Capital in the 1st quarter valued at about $131,000. Goldman Sachs Group Inc. raised its holdings in BrightSpire Capital by 2.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,011,455 shares of the company’s stock valued at $11,184,000 after acquiring an additional 46,749 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in BrightSpire Capital by 9.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 328,809 shares of the company’s stock valued at $1,828,000 after purchasing an additional 27,713 shares during the period. Finally, Jane Street Group LLC increased its position in BrightSpire Capital by 257.9% during the first quarter. Jane Street Group LLC now owns 286,724 shares of the company’s stock worth $1,594,000 after acquiring an additional 206,610 shares during the period. Institutional investors own 56.57% of the company’s stock.

BrightSpire Capital Company Profile

BrightSpire Capital Inc (NYSE: BRSP) is a real estate investment trust (REIT) specializing in commercial real estate debt. The company primarily originates, acquires and manages a diversified portfolio of mortgage loans, mezzanine loans and preferred equity investments secured by office, retail, industrial, multifamily and hospitality assets across the United States. By focusing on income-producing credit instruments, BrightSpire seeks to deliver attractive risk-adjusted returns to its shareholders through regular dividend distributions.

BrightSpire’s investment strategy spans the capital structure of commercial real estate, with an emphasis on senior mortgages that offer more stable cash flows and downside protection.