BrightSpire Capital (NYSE:BRSP) Stock Gets Price Target Trim from JonesTrading

BrightSpire Capital (NYSE:BRSP) had its target price decreased by JonesTrading from $6.50 to $6.25 in a research report report published on Wednesday morning,Benzinga reports. JonesTrading currently has a buy rating on the stock.

Several other research analysts also recently commented on the company. Wall Street Zen downgraded BrightSpire Capital from a “hold” rating to a “sell” rating in a research note on Saturday, October 24th. Weiss Ratings downgraded shares of BrightSpire Capital from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, September 4th. The Goldman Sachs Group raised shares of BrightSpire Capital to a “buy” rating in a report on Wednesday, October 7th. Citigroup reiterated a “market outperform” rating on shares of BrightSpire Capital in a research report on Wednesday, October 7th. Finally, Barclays dropped their price objective on shares of BrightSpire Capital from $6.00 to $4.00 and set an “underweight” rating for the company in a research note on Monday, October 5th. Six equities research analysts have rated the stock with a Buy rating and three have given a Sell rating to the company’s stock. According to MarketBeat, BrightSpire Capital has a consensus rating of “Hold” and a consensus price target of $5.85.

BrightSpire Capital Trading Down 2.8%

Shares of BRSP opened at $3.43 on Wednesday. BrightSpire Capital has a 52-week low of $3.42 and a 52-week high of $6.16. The business’s fifty day moving average is $4.12 and its 200-day moving average is $5.24. The company has a debt-to-equity ratio of 2.79, a quick ratio of 0.83 and a current ratio of 0.82. The firm has a market cap of $433.98 million, a price-to-earnings ratio of 26.39, a PEG ratio of 2.71 and a beta of 1.31.

BrightSpire Capital (NYSE:BRSP) last announced its quarterly earnings data on Tuesday, October 27th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.01. The business had revenue of $109.77 million during the quarter, compared to the consensus estimate of $83.56 million. BrightSpire Capital had a return on equity of 5.82% and a net margin of 13.76%. Equities analysts anticipate that BrightSpire Capital will post 0.44 EPS for the current fiscal year.

BrightSpire Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 14th. Investors of record on Wednesday, September 30th were issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 18.7%. The ex-dividend date was Wednesday, September 30th. BrightSpire Capital’s dividend payout ratio (DPR) is 492.31%.

Institutional Investors Weigh In On BrightSpire Capital

A number of institutional investors have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp bought a new position in shares of BrightSpire Capital during the second quarter valued at $3,754,000. Attessa Capital LLC acquired a new stake in BrightSpire Capital in the second quarter valued at $79,000. Axiom Investment Management LLC bought a new position in BrightSpire Capital during the 1st quarter worth $33,000. Western Wealth Management LLC bought a new position in BrightSpire Capital during the 1st quarter worth $52,000. Finally, Weiss Asset Management LP bought a new position in BrightSpire Capital during the 1st quarter worth $120,000. 56.57% of the stock is owned by institutional investors.

BrightSpire Capital Company Profile

BrightSpire Capital, Inc is a commercial real estate finance company organized as a real estate investment trust (REIT). The company focuses on originating, acquiring, financing and managing a portfolio of commercial real estate debt and related investments.

BrightSpire’s investments primarily include senior mortgage loans, mezzanine loans, preferred equity and other real estate-related credit investments. Its portfolio may be secured by properties across several commercial real estate sectors, including office, multifamily, industrial, hospitality, retail and other specialized property types.

The company serves commercial real estate owners, operators and developers primarily in the United States.