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

Shares of BrightSpire Capital, Inc. (NYSE:BRSP) have been assigned an average recommendation of “Hold” from the five brokerages that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and one has given a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $7.00.

Several analysts have recently weighed in on the stock. JMP Securities reaffirmed a “market outperform” rating and set a $7.50 price objective on shares of BrightSpire Capital in a report on Thursday, September 19th. B. Riley lowered their price target on shares of BrightSpire Capital from $10.00 to $9.00 and set a “buy” rating on the stock in a research note on Tuesday.

BrightSpire Capital Price Performance

Shares of NYSE:BRSP opened at $5.90 on Tuesday. The company has a 50-day simple moving average of $6.11 and a 200-day simple moving average of $5.89. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.73 and a current ratio of 0.73. The stock has a market capitalization of $765.14 million, a price-to-earnings ratio of -5.78 and a beta of 1.88. BrightSpire Capital has a one year low of $5.07 and a one year high of $7.71.

BrightSpire Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 10.85%. The ex-dividend date is Tuesday, December 31st. BrightSpire Capital’s dividend payout ratio (DPR) is presently -62.75%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BRSP. Avior Wealth Management LLC boosted its holdings in shares of BrightSpire Capital by 363.1% during the third quarter. Avior Wealth Management LLC now owns 9,266 shares of the company’s stock worth $52,000 after purchasing an additional 7,265 shares during the last quarter. ORG Partners LLC acquired a new stake in BrightSpire Capital in the 3rd quarter worth about $53,000. EverSource Wealth Advisors LLC grew its holdings in BrightSpire Capital by 5,602.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 10,265 shares of the company’s stock valued at $59,000 after buying an additional 10,085 shares during the period. McAdam LLC purchased a new stake in BrightSpire Capital in the 3rd quarter valued at about $58,000. Finally, Oak Thistle LLC acquired a new position in shares of BrightSpire Capital during the 2nd quarter valued at about $68,000. 56.57% of the stock is currently owned by hedge funds and other institutional investors.

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.