BrightSpire Capital, Inc. (NYSE:BRSP) Receives $6.60 Average PT from Analysts

Shares of BrightSpire Capital, Inc. (NYSE:BRSP) have earned a consensus recommendation of “Hold” from the seven analysts that are currently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation and five have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $6.60.

BRSP has been the topic of a number of research analyst reports. JonesTrading reiterated a “buy” rating and set a $6.50 price objective on shares of BrightSpire Capital in a research note on Wednesday, February 18th. Barclays upped their target price on shares of BrightSpire Capital from $5.00 to $6.00 and gave the company an “underweight” rating in a research note on Thursday, February 19th. B. Riley Financial started coverage on shares of BrightSpire Capital in a research report on Monday, January 5th. They set a “buy” rating and a $7.50 price target on the stock. Finally, Weiss Ratings downgraded BrightSpire Capital from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, February 23rd.

Institutional Investors Weigh In On BrightSpire Capital

Institutional investors have recently made changes to their positions in the company. Millennium Management LLC raised its position in shares of BrightSpire Capital by 10.7% during the 4th quarter. Millennium Management LLC now owns 654,448 shares of the company’s stock valued at $3,665,000 after acquiring an additional 63,007 shares in the last quarter. Abel Hall LLC boosted its holdings in BrightSpire Capital by 7.5% in the fourth quarter. Abel Hall LLC now owns 44,536 shares of the company’s stock worth $249,000 after purchasing an additional 3,123 shares during the period. Price T Rowe Associates Inc. MD increased its stake in BrightSpire Capital by 4.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 159,443 shares of the company’s stock valued at $893,000 after purchasing an additional 6,173 shares during the last quarter. California State Teachers Retirement System increased its stake in BrightSpire Capital by 8.3% during the fourth quarter. California State Teachers Retirement System now owns 130,725 shares of the company’s stock valued at $732,000 after purchasing an additional 10,017 shares during the last quarter. Finally, State of Wisconsin Investment Board raised its holdings in shares of BrightSpire Capital by 26.5% during the fourth quarter. State of Wisconsin Investment Board now owns 153,863 shares of the company’s stock worth $862,000 after purchasing an additional 32,186 shares during the period. 56.57% of the stock is currently owned by institutional investors.

BrightSpire Capital Stock Down 2.7%

BRSP stock opened at $5.71 on Monday. BrightSpire Capital has a twelve month low of $4.16 and a twelve month high of $6.16. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 2.21. The company has a market capitalization of $734.48 million, a P/E ratio of -21.96, a PEG ratio of 2.18 and a beta of 1.39. The firm has a 50 day simple moving average of $5.84 and a 200-day simple moving average of $5.67.

BrightSpire Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 11.2%. The ex-dividend date of this dividend was Wednesday, December 31st. BrightSpire Capital’s dividend payout ratio (DPR) is currently -246.15%.

BrightSpire Capital Company Profile

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.