BrightSpire Capital, Inc. (NYSE:BRSP) Given Average Rating of “Moderate Buy” by Brokerages

Shares of BrightSpire Capital, Inc. (NYSE:BRSP) have been assigned a consensus rating of “Moderate Buy” from the six research firms that are covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $7.69.

A number of equities analysts have commented on BRSP shares. B. Riley dropped their price objective on shares of BrightSpire Capital from $10.00 to $9.00 and set a “buy” rating for the company in a research note on Tuesday, January 7th. Alliance Global Partners assumed coverage on BrightSpire Capital in a research report on Friday, January 17th. They issued a “buy” rating and a $7.25 price target for the company.

Hedge Funds Weigh In On BrightSpire Capital

A number of large investors have recently made changes to their positions in BRSP. CF Capital LLC purchased a new position in shares of BrightSpire Capital during the fourth quarter valued at approximately $4,343,000. Gratia Capital LLC purchased a new position in BrightSpire Capital during the 4th quarter valued at $3,384,000. Almitas Capital LLC purchased a new position in BrightSpire Capital during the 4th quarter valued at $2,010,000. Balyasny Asset Management L.P. grew its position in BrightSpire Capital by 16.9% in the 4th quarter. Balyasny Asset Management L.P. now owns 1,132,234 shares of the company’s stock valued at $6,386,000 after acquiring an additional 163,790 shares during the last quarter. Finally, Barclays PLC increased its stake in BrightSpire Capital by 329.1% in the third quarter. Barclays PLC now owns 198,351 shares of the company’s stock worth $1,110,000 after purchasing an additional 152,131 shares during the period. 56.57% of the stock is owned by hedge funds and other institutional investors.

BrightSpire Capital Price Performance

NYSE:BRSP opened at $5.89 on Friday. The company has a market capitalization of $763.97 million, a P/E ratio of -5.61 and a beta of 1.98. The business’s 50-day moving average is $5.87 and its 200 day moving average is $5.88. The company has a current ratio of 0.70, a quick ratio of 0.73 and a debt-to-equity ratio of 1.79. BrightSpire Capital has a 12 month low of $5.07 and a 12 month high of $7.02.

BrightSpire Capital (NYSE:BRSP) last posted its earnings results on Tuesday, February 18th. The company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.03). BrightSpire Capital had a negative net margin of 79.23% and a positive return on equity of 8.82%. The firm had revenue of $17.46 million for the quarter, compared to the consensus estimate of $65.81 million. During the same quarter in the prior year, the company posted $0.28 earnings per share. On average, equities research analysts forecast that BrightSpire Capital will post 0.67 earnings per share for the current fiscal year.

BrightSpire Capital Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a $0.16 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.64 annualized dividend and a dividend yield of 10.86%. BrightSpire Capital’s dividend payout ratio (DPR) is presently -60.95%.

About BrightSpire Capital

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.