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

Shares of BrightSpire Capital, Inc. (NYSE:BRSP) have been given an average rating of “Hold” by the six brokerages that are covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation and four have given a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $6.75.

A number of equities research analysts have issued reports on BRSP shares. Barclays increased their price objective on shares of BrightSpire Capital from $5.00 to $6.00 and gave the company an “underweight” rating in a report on Thursday, February 19th. Weiss Ratings downgraded BrightSpire Capital from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, May 26th. JonesTrading restated a “buy” rating and issued a $6.50 price target on shares of BrightSpire Capital in a research report on Wednesday, June 3rd. Finally, BTIG Research upgraded BrightSpire Capital from a “neutral” rating to a “buy” rating and set a $7.00 target price for the company in a research report on Wednesday, April 22nd.

BrightSpire Capital Trading Up 1.2%

BrightSpire Capital stock opened at $5.57 on Wednesday. The firm has a 50 day moving average of $5.77 and a 200 day moving average of $5.78. The firm has a market capitalization of $725.01 million, a price-to-earnings ratio of -20.61 and a beta of 1.28. BrightSpire Capital has a 12-month low of $4.84 and a 12-month high of $6.16. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 2.40.

BrightSpire Capital (NYSE:BRSP) last released its earnings results on Tuesday, April 28th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.01). BrightSpire Capital had a positive return on equity of 7.46% and a negative net margin of 24.16%.The firm had revenue of $51.75 million during the quarter, compared to analysts’ expectations of $63.12 million. As a group, research analysts predict that BrightSpire Capital will post 0.53 earnings per share for the current year.

BrightSpire Capital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were paid a $0.16 dividend. The ex-dividend date was Tuesday, March 31st. This represents a $0.64 dividend on an annualized basis and a yield of 11.5%. BrightSpire Capital’s dividend payout ratio (DPR) is -237.04%.

Institutional Investors Weigh In On BrightSpire Capital

A number of large investors have recently bought and sold shares of BRSP. Millennium Management LLC boosted its position in BrightSpire Capital by 2,405.4% in the third quarter. Millennium Management LLC now owns 591,441 shares of the company’s stock valued at $3,212,000 after buying an additional 567,834 shares during the last quarter. North Ground Capital raised its holdings in shares of BrightSpire Capital by 21.2% during the 4th quarter. North Ground Capital now owns 3,054,552 shares of the company’s stock worth $17,105,000 after acquiring an additional 534,552 shares during the period. Waterfall Asset Management LLC raised its holdings in BrightSpire Capital by 225.7% in the 3rd quarter. Waterfall Asset Management LLC now owns 644,158 shares of the company’s stock valued at $3,498,000 after buying an additional 446,358 shares during the period. Blair William & Co. IL purchased a new stake in BrightSpire Capital in the 4th quarter valued at about $2,075,000. Finally, Goldman Sachs Group Inc. raised its holdings in BrightSpire Capital by 13.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,856,367 shares of the company’s stock valued at $15,996,000 after buying an additional 348,931 shares during the period. Hedge funds and other institutional investors own 56.57% of the company’s stock.

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.