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BrightSpire Capital, Inc. (BRSP)

NYSE - NYSE Delayed Price. Currency in USD

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Visitors trend2W10W9M

8.46

+0.08

(+0.95%)

At close: 04:00PM EDT

8.30

-0.16

(-1.89%)

After hours:

04:14PM EDT

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Y
BrightSpire Capital is down 4.98% to 8.02
Y
BrightSpire Capital reached a 52 Week low at 8.08
C
Why the big move up lately? Don't see any news.
E
In a rising rate environment,.... maybe just hold stronger balance sheets in an NLY, CIM or NRZ

https://finance.yahoo.com/quote/NLY/key-statistics?p=NLY
Y
BrightSpire Capital reached a 52 Week low at 8.18
Y
BrightSpire Capital reached a 52 Week low at 7.88
R
BRSP is a steal down at this price.
Bullish
F
I owned NorthStar REIT 1: based on the number of shares I owned on 1/31/18 and the conversion factor into CLNC the conversion price for CLNC was 28.10 So a opening price of 20.40 was a massive loss.
J
Also did any of you meet with northstar or colony representatives prior to the IPO ? In my case I attended a meeting with a representative from Northstar. At that meeting many representations were made none of which were kept. I’d like to hear from other investors interested in a lawsuit.
R
BRSP upgraded to Strong Buy... Target 12.50.. Big win in court on the San Jose Hotel...
Bullish
C
Where to sign up for the lawsuits?
J
I’ve taken a good hit on both this and CLNY. I’ll hold for awhile longer as it appears that they have settled on a direction that has growth potential. However they have been transitioning in a few different directions over recent years without much success which makes me wonder if they’re going to mismanage their newest plan.
A
And your opinion of this $25 issue, that closes at 20.5 the first day it trades, and 19.5 the day after? How did you discover this?
R
21.00 NAV and investors are selling here?? I will continue to buy value and collect on the large dividend. The bottom is near and maybe CLNC will start buying back their company stock now.
g
They basically took 80% of my didvidend payments they made to me the past 4 years in one day. It was all planned thata way. just a way for them to basically get free money to make their investments
R
The answer to when CLNC will start going up is very simple. When they hitting their earnings estimates people will start to buy the stock. That alone will push the stock price up. They have missed their earnings estimates for five quarters in a row. The NAV won't help the price of CLNC go up. When people start buying it will go up.
J
Not a great earnings call but not a bad one either.
Lots of progress and improvement over the last two quarters, the portfolio is stabilized but not out of intensive care.
There is 689M in liquidity but they are being cautious about committing too much of it, they want to have a reserve on hand should any problems arise.
They have been able to originate new loans since September and have a moderate pipeline.
New loans have been smaller safer loans focused on multifamily and office.
The L.A. Mixed Use and Ireland projects are the biggest thorns in their sides at the moment. Both are development projects delayed by Covid.
They said it’s possible to originate one to one and a half billion in new loans this year should everything go right. It mostly hinges on their current loans preforming. The L.A. Mixed Use development is near the finish line and could give them a good boost but the Covid situation make the timeline unpredictable.
Dividends paid during the first half of last year met the minimum requirement in relation to their taxable income for the year.
The ten-cent dividend declared today reflects a starting point that they are comfortable they can maintain and build on. At this point subsequent dividends will be evaluated on a quarterly basis and adjusted as required. They are starting at the low end and will raise the payout as the portfolio and balance sheet improves.
All in all, the presentation came across as sincere and factual. If the economy does well this year they should also.
R
Pay day tomorrow. :) I look forward to the earnings and a possible Dividend increase..
T
Although the generous dividend at one time made up for the stock loss, it has been very painful hanging on. I have been bleeding off shares and putting the money in other stocks and sectors that would give me positive returns. In a prosperous time for stocks, the laggards are utilities and reits. The commercial real estate market is suffering overall and it will take a long time to recover. I am usually a 1/2 glass full on my glass of water. This glass of water is evaporating!
R
The former asset management company is trying to sell 1/3 of their holdings. BRSP will be reporting that sale hopefully tomorrow. It will be nice to get some new companies to invest.