In yesterday’s Wall Street session, BrightSpire Capital Inc. (NYSE:BRSP) shares traded at $6.32, down -5.25% from the previous session.
6 analysts cover BrightSpire Capital Inc. (NYSE:BRSP), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $12.50 and a low of $8.00, we find $10.00. Given the previous closing price of $6.67, this indicates a potential upside of 49.93 percent. BRSP stock price is now -10.38% away from the 50-day moving average and -21.07% away from the 200-day moving average. The market capitalization of the company currently stands at $806.62M.
The stock has received a hold rating from 2 analysts and a buy rating from 3. Brokers who have rated the stock have averaged $10.20 as their price target over the next twelve months.
On February 18, 2022, BofA Securities recently initiated its ‘Neutral’ rating on the stock quoting a target price of $9.50, while ‘JMP Securities’ rates the stock as ‘Mkt Outperform’.
In other news, RICE CATHERINE, Director bought 7,000 shares of the company’s stock on Jun 16. The stock was bought for $50,316 at an average price of $7.19. Upon completion of the transaction, the Director now directly owns 65,138 shares in the company, valued at $0.41 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 16, See Remarks Palame David A bought 2,500 shares of the business’s stock. A total of $17,850 was incurred on buying the stock at an average price of $7.14. This leaves the insider owning 314,079 shares of the company worth $1.98 million. Insiders disposed of 64,095 shares of company stock worth roughly $0.41 million over the past 1 year. A total of 1.66% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in BRSP stock. A new stake in BrightSpire Capital Inc. shares was purchased by FIRST TRUST ADVISORS LP during the first quarter worth $3,310,000. JUPITER ASSET MANAGEMENT LTD invested $1,749,000 in shares of BRSP during the first quarter. In the first quarter, STATE OF NEW JERSEY COMMON PENSION FUND D acquired a new stake in BrightSpire Capital Inc. valued at approximately $1,729,000. ARROWSTREET CAPITAL, LIMITED PARTNERSHIP acquired a new stake in BRSP for approximately $1,630,000. HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND purchased a new stake in BRSP valued at around $992,000 in the second quarter. In total, there are 227 active investors with 64.30% ownership of the company’s stock.
On Wednesday morning BrightSpire Capital Inc. (NYSE: BRSP) stock kicked off with the opening price of $6.65. During the past 12 months, BrightSpire Capital Inc. has had a low of $6.13 and a high of $10.42. The fifty day moving average price for BRSP is $7.05 and a two-hundred day moving average price translates $8.01 for the stock.
The latest earnings results from BrightSpire Capital Inc. (NYSE: BRSP) was released for Jun, 2022. According to the REIT – Diversified Company, earnings per share came in at $0.24, beating analysts’ expectations of $0.23 by 0.01. This compares to -$0.54 EPS in the same period last year. The net profit margin was 28.60% and return on equity was 8.50% for BRSP. The company reported revenue of $55.23 million for the quarter, compared to $60.74 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -9.07 percent. For the current quarter, analysts expect BRSP to generate $32.4M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 01/17/2023. Investors who held shares on 12/31/2022 were paid a $0.20 dividend. On an annualized basis, this represents a $0.80 dividend and a 12.66% percent yield. There was an ex-dividend date of 12/29/2022 for this dividend. In terms of dividend payout ratio, BRSP is presently at 80.90%.
BrightSpire Capital Inc.(BRSP) Company Profile
BrightSpire Capital, Inc. operates as a commercial real estate (CRE) credit real estate investment trust in the United States. It focuses on originating, acquiring, financing, and managing a portfolio of CRE senior mortgage loans, mezzanine loans, preferred equity, debt securities, and net leased properties. The company qualifies as a real estate investment trust for federal income tax purposes. The company was formerly known as Colony Credit Real Estate, Inc. and changed its name to BrightSpire Capital, Inc. in June 2021. BrightSpire Capital, Inc. was incorporated in 2017 and is headquartered in New York, New York.