BrightSpire Capital, Inc. (NYSE:BRSP) Receives Average Rating of “Hold” from Analysts

BrightSpire Capital, Inc. (NYSE:BRSP) has been given an average rating of “Hold” by the seven brokerages that are covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating and five have issued a buy rating on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $6.60.

A number of research firms have recently weighed in on BRSP. Barclays raised their price objective on BrightSpire Capital from $5.00 to $6.00 and gave the stock an “underweight” rating in a research report on Thursday, February 19th. B. Riley Financial started coverage on BrightSpire Capital in a research note on Monday, January 5th. They issued a “buy” rating and a $7.50 price target for the company. Weiss Ratings downgraded BrightSpire Capital from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, February 23rd. Finally, JonesTrading restated a “buy” rating and set a $6.50 price target on shares of BrightSpire Capital in a research note on Wednesday, February 18th.

BrightSpire Capital Price Performance

Shares of BRSP opened at $5.60 on Friday. The company has a 50 day moving average of $5.76 and a two-hundred day moving average of $5.65. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 2.21. BrightSpire Capital has a twelve month low of $4.16 and a twelve month high of $6.16. The company has a market cap of $719.68 million, a price-to-earnings ratio of -21.52, a price-to-earnings-growth ratio of 2.07 and a beta of 1.37.

BrightSpire Capital Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be paid a $0.16 dividend. The ex-dividend date is Tuesday, March 31st. This represents a $0.64 dividend on an annualized basis and a yield of 11.4%. BrightSpire Capital’s dividend payout ratio (DPR) is -246.15%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada lifted its stake in shares of BrightSpire Capital by 90.1% during the first quarter. Royal Bank of Canada now owns 109,674 shares of the company’s stock worth $610,000 after buying an additional 51,977 shares during the period. AQR Capital Management LLC acquired a new position in shares of BrightSpire Capital in the 1st quarter valued at $131,000. Goldman Sachs Group Inc. raised its stake 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 worth $11,184,000 after acquiring an additional 46,749 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised 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 worth $1,828,000 after acquiring an additional 27,713 shares during the last quarter. Finally, Jane Street Group LLC lifted its position in BrightSpire Capital by 257.9% during the 1st 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. Hedge funds and other 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.