BrightSpire Capital (NYSE:BRSP) Rating Reiterated by JMP Securities

JMP Securities reaffirmed their market outperform rating on shares of BrightSpire Capital (NYSE:BRSP) in a research report report published on Thursday morning, Benzinga reports. JMP Securities currently has a $7.50 price target on the stock.

Separately, BTIG Research reaffirmed a neutral rating on shares of BrightSpire Capital in a research note on Friday, July 19th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of Hold and an average price target of $7.00.

BrightSpire Capital Stock Down 3.4 %

BRSP opened at $5.98 on Thursday. The company has a market capitalization of $781.20 million, a P/E ratio of -10.87 and a beta of 1.89. The stock has a fifty day moving average of $5.88 and a 200-day moving average of $6.13. BrightSpire Capital has a fifty-two week low of $5.07 and a fifty-two week high of $8.01. The company has a debt-to-equity ratio of 1.69, a quick ratio of 0.46 and a current ratio of 0.46.

BrightSpire Capital Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 10.70%. The ex-dividend date is Monday, September 30th. BrightSpire Capital’s dividend payout ratio (DPR) is presently -116.36%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of BRSP. Victory Capital Management Inc. raised its stake in BrightSpire Capital by 22.5% during the fourth quarter. Victory Capital Management Inc. now owns 17,155 shares of the company’s stock worth $128,000 after acquiring an additional 3,156 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in BrightSpire Capital by 3.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,490,044 shares of the company’s stock worth $11,086,000 after acquiring an additional 43,415 shares in the last quarter. Norges Bank acquired a new position in BrightSpire Capital during the fourth quarter worth about $6,726,000. Quest Partners LLC acquired a new position in BrightSpire Capital during the fourth quarter worth about $45,000. Finally, Founders Financial Alliance LLC raised its stake in BrightSpire Capital by 59.3% during the fourth quarter. Founders Financial Alliance LLC now owns 37,724 shares of the company’s stock worth $281,000 after acquiring an additional 14,048 shares in the last quarter. Institutional investors and hedge funds own 56.57% of the company’s stock.

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.