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

Shares of BrightSpire Capital, Inc. (NYSE:BRSP) have been given a consensus recommendation of “Hold” by the six research firms that are presently covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $6.50.

BRSP has been the subject of a number of analyst reports. Weiss Ratings cut BrightSpire Capital from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, May 26th. Wall Street Zen lowered shares of BrightSpire Capital from a “hold” rating to a “sell” rating in a report on Monday. JonesTrading reiterated a “buy” rating and set a $6.50 target price on shares of BrightSpire Capital in a research report on Wednesday, July 29th. Finally, B. Riley Financial cut their price target on shares of BrightSpire Capital from $7.00 to $6.50 and set a “buy” rating for the company in a report on Thursday, July 30th.

BrightSpire Capital Price Performance

Shares of NYSE:BRSP traded up $0.01 during midday trading on Monday, reaching $4.92. 68,183 shares of the company’s stock were exchanged, compared to its average volume of 1,127,253. The company’s 50 day simple moving average is $5.26 and its two-hundred day simple moving average is $5.58. The firm has a market capitalization of $621.85 million, a PE ratio of -21.37, a price-to-earnings-growth ratio of 3.49 and a beta of 1.29. BrightSpire Capital has a 12 month low of $4.80 and a 12 month high of $6.16. The company has a debt-to-equity ratio of 2.75, a quick ratio of 0.83 and a current ratio of 0.83.

BrightSpire Capital (NYSE:BRSP) last issued its earnings results on Tuesday, July 28th. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.02). BrightSpire Capital had a negative net margin of 20.43% and a positive return on equity of 7.01%. The business had revenue of $48.70 million for the quarter, compared to analyst estimates of $64.31 million. Equities research analysts expect that BrightSpire Capital will post 0.47 earnings per share for the current fiscal year.

BrightSpire Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were issued a dividend of $0.16 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.64 annualized dividend and a dividend yield of 13.0%. BrightSpire Capital’s dividend payout ratio (DPR) is presently -278.26%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of BRSP. Public Employees Retirement System of Ohio acquired a new position in shares of BrightSpire Capital in the 2nd quarter worth approximately $26,000. Financial Gravity Asset Management Inc. raised its position in BrightSpire Capital by 59.2% in the 4th quarter. Financial Gravity Asset Management Inc. now owns 4,835 shares of the company’s stock valued at $27,000 after purchasing an additional 1,798 shares during the last quarter. Cassaday & Co Wealth Management LLC bought a new position in BrightSpire Capital in the 1st quarter valued at $32,000. Axiom Investment Management LLC acquired a new position in BrightSpire Capital in the first quarter worth $33,000. Finally, National Bank of Canada FI boosted its stake in BrightSpire Capital by 50.0% in the third quarter. National Bank of Canada FI now owns 7,500 shares of the company’s stock worth $41,000 after purchasing an additional 2,500 shares in the last quarter. 56.57% of the stock is owned by institutional investors and hedge funds.

About BrightSpire Capital

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.