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

by · The Markets Daily

Shares of BrightSpire Capital, Inc. (NYSE:BRSP – Get Free Report) have been given a consensus recommendation of “Hold” by the six analysts that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $7.50.

A number of research analysts have recently issued reports on BRSP shares. B. Riley dropped their price objective on BrightSpire Capital from $10.00 to $9.00 and set a “buy” rating on the stock in a research note on Tuesday, January 7th. JMP Securities reaffirmed a “market outperform” rating and set a $7.50 price target on shares of BrightSpire Capital in a research note on Thursday, September 19th.

Get Our Latest Stock Report on BrightSpire Capital

BrightSpire Capital Stock Down 0.7 %

Shares of NYSE:BRSP opened at $5.49 on Tuesday. The company has a market capitalization of $711.97 million, a price-to-earnings ratio of -5.38 and a beta of 1.88. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.73 and a quick ratio of 0.73. The business’s 50-day moving average is $6.09 and its 200-day moving average is $5.88. BrightSpire Capital has a 1 year low of $5.07 and a 1 year high of $7.71.

BrightSpire Capital Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 11.66%. The ex-dividend date is Tuesday, December 31st. BrightSpire Capital’s dividend payout ratio (DPR) is currently -62.75%.

Institutional Trading of BrightSpire Capital

Several institutional investors and hedge funds have recently modified their holdings of BRSP. Bank of New York Mellon Corp raised its stake in shares of BrightSpire Capital by 10.3% in the second quarter. Bank of New York Mellon Corp now owns 455,366 shares of the company’s stock worth $2,596,000 after purchasing an additional 42,553 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of BrightSpire Capital by 13.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 38,893 shares of the company’s stock worth $222,000 after purchasing an additional 4,683 shares during the last quarter. Private Advisor Group LLC raised its stake in shares of BrightSpire Capital by 232.7% in the second quarter. Private Advisor Group LLC now owns 486,886 shares of the company’s stock worth $2,775,000 after purchasing an additional 340,563 shares during the last quarter. Oak Thistle LLC purchased a new stake in shares of BrightSpire Capital in the second quarter worth approximately $68,000. Finally, Private Management Group Inc. raised its stake in shares of BrightSpire Capital by 0.9% in the second quarter. Private Management Group Inc. now owns 4,489,186 shares of the company’s stock worth $25,588,000 after purchasing an additional 39,732 shares during the last quarter. 56.57% of the stock is owned by hedge funds and other institutional investors.

About BrightSpire Capital

(Get Free Report

BrightSpire Capital, Inc operates as a commercial real estate (CRE) credit real estate investment trust in the United States and Europe. The company operates through Senior and Mezzanine Loans and Preferred Equity; Net Leased and Other Real Estate; and Corporate and Other segments. It focuses on originating, acquiring, financing, and managing a diversified portfolio of CRE debt investments consisting of first mortgage loans, senior loans, debt securities, mezzanine loans, and preferred equity investments, as well as net leased properties.

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