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

Shares of BrightSpire Capital, Inc. (NYSE:BRSP) have been assigned a consensus rating 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 given a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $6.7917.

A number of equities analysts have recently issued reports on BRSP shares. Weiss Ratings restated a “sell (d+)” rating on shares of BrightSpire Capital in a research report on Monday. Citigroup restated a “market outperform” rating on shares of BrightSpire Capital in a report on Thursday, October 30th. Finally, Jones Trading restated a “buy” rating and issued a $6.50 price target on shares of BrightSpire Capital in a research report on Wednesday, July 30th.

Institutional Investors Weigh In On BrightSpire Capital

Hedge funds have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp boosted its holdings in shares of BrightSpire Capital by 2.3% during the 1st quarter. Bank of New York Mellon Corp now owns 366,248 shares of the company’s stock worth $2,036,000 after buying an additional 8,404 shares in the last quarter. Y Intercept Hong Kong Ltd lifted its position in shares of BrightSpire Capital by 400.8% during the 1st quarter. Y Intercept Hong Kong Ltd now owns 101,105 shares of the company’s stock valued at $562,000 after acquiring an additional 80,918 shares during the period. Cetera Investment Advisers boosted its stake in BrightSpire Capital by 4.5% during the first quarter. Cetera Investment Advisers now owns 74,753 shares of the company’s stock worth $416,000 after acquiring an additional 3,224 shares in the last quarter. Private Management Group Inc. grew its holdings in BrightSpire Capital by 2.7% in the first quarter. Private Management Group Inc. now owns 4,758,232 shares of the company’s stock worth $26,456,000 after purchasing an additional 125,500 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in BrightSpire Capital by 36.5% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 64,181 shares of the company’s stock worth $357,000 after purchasing an additional 17,178 shares during the period. 56.57% of the stock is currently owned by institutional investors.

BrightSpire Capital Trading Up 2.3%

NYSE BRSP traded up $0.13 during trading hours on Friday, reaching $5.52. The company’s stock had a trading volume of 981,120 shares, compared to its average volume of 742,487. The firm has a fifty day simple moving average of $5.40 and a 200-day simple moving average of $5.34. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.55 and a quick ratio of 0.55. BrightSpire Capital has a 52 week low of $4.16 and a 52 week high of $6.45. The stock has a market cap of $715.48 million, a P/E ratio of -18.38 and a beta of 1.58.

BrightSpire Capital (NYSE:BRSP) last announced its quarterly earnings results on Wednesday, February 24th. The company reported $0.20 earnings per share (EPS) for the quarter. The firm had revenue of $37.88 million during the quarter. BrightSpire Capital had a negative net margin of 26.91% and a positive return on equity of 7.51%. Equities analysts forecast that BrightSpire Capital will post 0.67 earnings per share for the current fiscal year.

BrightSpire Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 11.6%. The ex-dividend date of this dividend was Tuesday, September 30th. BrightSpire Capital’s payout ratio is currently -213.33%.

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.