BrightSpire Capital Inc [BRSP] stock prices are up 0.72% to $6.98 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The BRSP shares have gain 4.02% over the last week, with a monthly amount glided 2.05%, and seem to be holding up well over a long-time horizon.
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On 15, March 2024, BrightSpire Capital Announces $0.20 Per Share Dividend for First Quarter 2024. In a post published today on Yahoo Finance, BrightSpire Capital, Inc. (NYSE: BRSP) (“BrightSpire Capital” or the “Company”) today announced that the Company’s Board of Directors has declared a dividend of $0.20 per share of Class A common stock for the quarter ending March 31, 2024. The dividend is payable on April 15, 2024 to stockholders of record as of March 29, 2024.
From an analyst’s perspective:
BrightSpire Capital Inc [NYSE: BRSP] stock has seen the most recent analyst activity on March 04, 2024, when BofA Securities downgraded its rating to a Underperform but kept the price target unchanged to $6.50 for it. Previously, Barclays started tracking the stock with Equal Weight rating on November 15, 2023, and set its price target to $6. BTIG Research downgraded its rating to a Neutral. BofA Securities initiated its recommendation with a Neutral and recommended $9.50 as its price target on February 18, 2022. JMP Securities started tracking with a Mkt Outperform rating for this stock on December 17, 2021, and assigned it a price target of $11. In a note dated November 02, 2021, Raymond James upgraded an Outperform rating on this stock but restated the target price of $12.50.
The stock price of BrightSpire Capital Inc [BRSP] has been fluctuating between $5.20 and $8.01 over the past year. Currently, Wall Street analysts expect the stock to reach $10.83 within the next 12 months. BrightSpire Capital Inc [NYSE: BRSP] shares were valued at $6.98 at the most recent close of the market. An investor can expect a potential return of 55.16% based on the average BRSP price forecast.
Analyzing the BRSP fundamentals
The BrightSpire Capital Inc [NYSE:BRSP] reported sales of 407.32M for trailing twelve months, representing a surge of 0.25%. Gross Profit Margin for this corporation currently stands at 0.54% with Operating Profit Margin at 0.04%, Pretax Profit Margin comes in at -0.06%, and Net Profit Margin reading is -0.06%. To continue investigating profitability, this company’s Return on Assets is posted at -0.01, Equity is -0.02 and Total Capital is 0.0. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.86.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 6.91 points at the first support level, and at 6.85 for the second support level. However, for the 1st resistance point, the stock is sitting at 7.04, and for the 2nd resistance point, it is at 7.11.
BrightSpire Capital Inc [BRSP] reported earnings per share of $0.28 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.24/share, meaning a difference of $0.04 and a surprise factor of 16.70%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.28 per share as compared to estimates of $0.21 per share, a difference of $0.07 representing a surprise of 33.30%.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 2.23, the price to book ratio is 0.71.
