BRSP
BrightSpire CapitalBRSP
BRSP
About: BrightSpire Capital Inc is an internally-managed commercial real estate credit REIT focused on originating, acquiring, financing and managing a diversified portfolio of commercial real estate debt and net lease real estate investments predominantly in the United States. CRE debt investments consist of first mortgage loans with the objective of generating consistent risk-adjusted returns. The operating segments of the company are Senior and Mezzanine Loans and Preferred Equity, Net Leased and Other Real Estate, Corporate and Other. Geographically, the company generates revenue from the United States.
Employees: 55
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
100% more funds holding in top 10
Funds holding in top 10: 1 [Q2] → 2 (+1) [Q3]
90% more call options, than puts
Call options by funds: $425K | Put options by funds: $224K
0.57% more ownership
Funds ownership: 60.99% [Q2] → 61.57% (+0.57%) [Q3]
1% less capital invested
Capital invested by funds: $455M [Q2] → $451M (-$4.25M) [Q3]
2% less repeat investments, than reductions
Existing positions increased: 60 | Existing positions reduced: 61
6% less funds holding
Funds holding: 199 [Q2] → 187 (-12) [Q3]
40% less first-time investments, than exits
New positions opened: 18 | Existing positions closed: 30
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$7.25
21%
upside
Avg. target
$7.25
21%
upside
High target
$7.25
21%
upside
1 analyst rating
1 positive
100%
0 neutral
0%
0 negative
0%
Jones Trading Jason Weaver 55% 1-year accuracy 21 / 38 met price target | 21%upside $7.25 | Buy Upgraded | 13 Nov 2024 |
Financial journalist opinion
Neutral
Business Wire
5 days ago
BrightSpire Capital Announces $0.16 Per Share Dividend for Fourth Quarter 2024
NEW YORK--(BUSINESS WIRE)--BrightSpire Capital, Inc. (NYSE: BRSP) (“BrightSpire Capital” or the “Company”) today announced that the Company's Board of Directors has declared a dividend of $0.16 per share of Class A common stock for the quarter ending December 31, 2024. The dividend is payable on January 15, 2025 to stockholders of record as of December 31, 2024. About BrightSpire Capital, Inc. BrightSpire Capital, Inc. (NYSE: BRSP) is internally managed and one of the largest publicly traded co.
Positive
Seeking Alpha
4 weeks ago
Collect Income, Watch The Future Brighten: BrightSpire
The best time to buy income is when others put it on sale. I buy income at steep discounts and get both high yields and capital gains. Total return? Yes, mine is wonderful.
Negative
Seeking Alpha
1 month ago
Pivotal Decisions
Ahead of a pivotal week of consequential decisions, U.S. equity markets posted a second-straight week of declines as investors parsed a relatively disappointing slate of employment and inflation data. The pivotal Nonfarm Payrolls report showed that the U.S. economy added just 12k jobs in October - the weakest month since 2020 - with notably weaker trends under the surface. Private employment declined by 28k during the month, fueled by the largest plunge in manufacturing employment since the pandemic shutdown, alongside job declines in retail, transportation, and hospitality.
Neutral
Seeking Alpha
1 month ago
BrightSpire Capital, Inc. (BRSP) Q3 2024 Earnings Call Transcript
BrightSpire Capital, Inc. (NYSE:BRSP ) Q3 2024 Earnings Conference Call October 30, 2024 10:00 AM ET Company Participants David Palame - General Counsel Mike Mazzei - Chief Executive Officer Andy Witt - President and Chief Operating Officer Frank Saracino - Chief Financial Officer Conference Call Participants Stephen Laws - Raymond James Steve Delaney - JMP Securities Jason Weaver - Jones Trading Eric Dray - Bank of America Matthew Howlett - B. Riley Operator Good day and welcome to the BrightSpire Capital Inc. Third Quarter 2024 Earnings Call.
Positive
Zacks Investment Research
1 month ago
BrightSpire (BRSP) Beats Q3 Earnings Estimates
BrightSpire (BRSP) came out with quarterly earnings of $0.21 per share, beating the Zacks Consensus Estimate of $0.19 per share. This compares to earnings of $0.28 per share a year ago.
Neutral
Business Wire
1 month ago
BrightSpire Capital, Inc. Announces Third Quarter 2024 Financial Results
NEW YORK--(BUSINESS WIRE)--BrightSpire Capital, Inc. (NYSE: BRSP) (“BrightSpire Capital” or the “Company”) today announced its financial results for the third quarter 2024 and certain updates. The Company reported third quarter 2024 GAAP net income attributable to common stockholders of $12.7 million, or $0.10 per share, Distributable Earnings of $17.9 million, or $0.14 per share, and Adjusted Distributable Earnings of $27.0 million, or $0.21 per share. The Company reported GAAP net book value.
Neutral
Seeking Alpha
1 month ago
BrightSpire Capital: Loan Loss Risk Remains Elevated But Positive Signs Are Emerging
BrightSpire Capital faces challenges due to high office sector exposure and elevated loan loss provisioning, impacting earnings and net asset value. Approximately 20% of BRSP's portfolio is on the watchlist, with ongoing risks necessitating careful observation despite most loans being current in interest payments. BRSP trades at a significant discount to net asset value, with no near-term catalysts for revaluation, warranting a "Hold" rating for cautious investors.
Neutral
Zacks Investment Research
1 month ago
Is the Options Market Predicting a Spike in BrightSpire Capital (BRSP) Stock?
Investors need to pay close attention to BrightSpire Capital (BRSP) stock based on the movements in the options market lately.
Negative
Zacks Investment Research
1 month ago
Earnings Preview: BrightSpire (BRSP) Q3 Earnings Expected to Decline
Colony Credit (BRSP) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Neutral
Business Wire
2 months ago
BrightSpire Capital, Inc. Announces Third Quarter 2024 Earnings Release and Conference Call Dates
NEW YORK--(BUSINESS WIRE)--BrightSpire Capital, Inc. (NYSE: BRSP) (“BrightSpire Capital” or the “Company”) today announced it will release third quarter 2024 financial results on Tuesday, October 29, 2024, after the market closes. The Company will conduct a conference call to discuss the results on Wednesday, October 30, 2024, at 10:00 a.m. ET / 7:00 a.m. PT. To participate in the event by telephone, please dial (877) 300-8521 ten minutes prior to the start time (to allow time for registration).
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