BrightSpire Capital (NYSE:BRSP) Hits New 52-Week Low – Time to Sell?

BrightSpire Capital, Inc. (NYSE:BRSP)’s stock price reached a new 52-week low during trading on Friday . The stock traded as low as $5.07 and last traded at $5.10, with a volume of 152356 shares changing hands. The stock had previously closed at $5.41.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on BRSP shares. Alliance Global Partners started coverage on BrightSpire Capital in a research report on Friday, January 17th. They issued a “buy” rating and a $7.25 target price for the company. B. Riley decreased their price target on BrightSpire Capital from $10.00 to $9.00 and set a “buy” rating for the company in a report on Tuesday, January 7th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $7.69.

BrightSpire Capital Stock Performance

The stock has a 50-day moving average price of $5.86 and a 200-day moving average price of $5.86. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.70 and a quick ratio of 0.73. The firm has a market capitalization of $650.37 million, a PE ratio of -4.78 and a beta of 1.54.

BrightSpire Capital (NYSE:BRSP) last announced its quarterly earnings data on Tuesday, February 18th. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.03). The company had revenue of $17.46 million for the quarter, compared to analyst estimates of $65.81 million. BrightSpire Capital had a positive return on equity of 8.82% and a negative net margin of 79.23%. During the same period in the prior year, the business earned $0.28 earnings per share. On average, research analysts expect that BrightSpire Capital, Inc. will post 0.67 EPS for the current fiscal year.

BrightSpire Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 12.76%. The ex-dividend date of this dividend is Monday, March 31st. BrightSpire Capital’s payout ratio is currently -60.95%.

Institutional Investors Weigh In On BrightSpire Capital

A number of institutional investors have recently made changes to their positions in the company. Ameriflex Group Inc. bought a new position in BrightSpire Capital during the fourth quarter worth $37,000. Brevan Howard Capital Management LP bought a new stake in BrightSpire Capital in the fourth quarter valued at $57,000. Winthrop Advisory Group LLC acquired a new position in shares of BrightSpire Capital during the fourth quarter valued at $61,000. Dark Forest Capital Management LP bought a new position in shares of BrightSpire Capital during the fourth quarter worth about $64,000. Finally, Fermata Advisors LLC acquired a new stake in shares of BrightSpire Capital in the 4th quarter worth about $65,000. 56.57% of the stock is currently owned by 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.