BrightSpire Capital (NYSE:BRSP – Get Free Report) and New York Mortgage Trust (NASDAQ:NYMTN – Get Free Report) are both real estate companies, but which is the superior business? We will compare the two businesses based on the strength of their earnings, dividends, risk, institutional ownership, profitability, analyst recommendations and valuation.
Dividends
BrightSpire Capital pays an annual dividend of $0.80 per share and has a dividend yield of 11.6%. New York Mortgage Trust pays an annual dividend of $2.00 per share and has a dividend yield of 9.2%. BrightSpire Capital pays out -615.4% of its earnings in the form of a dividend.
Analyst Ratings
This is a summary of recent recommendations and price targets for BrightSpire Capital and New York Mortgage Trust, as reported by MarketBeat.com.
| Sell Ratings | Hold Ratings | Buy Ratings | Strong Buy Ratings | Rating Score | |
| BrightSpire Capital | 1 | 1 | 2 | 0 | 2.25 |
| New York Mortgage Trust | 0 | 0 | 0 | 0 | N/A |
BrightSpire Capital presently has a consensus target price of $7.67, suggesting a potential upside of 11.43%. Given BrightSpire Capital’s higher possible upside, equities research analysts plainly believe BrightSpire Capital is more favorable than New York Mortgage Trust.
Insider and Institutional Ownership
56.6% of BrightSpire Capital shares are held by institutional investors. 1.9% of BrightSpire Capital shares are held by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock is poised for long-term growth.
Profitability
This table compares BrightSpire Capital and New York Mortgage Trust’s net margins, return on equity and return on assets.
| Net Margins | Return on Equity | Return on Assets | |
| BrightSpire Capital | -7.34% | 9.42% | 2.84% |
| New York Mortgage Trust | N/A | N/A | N/A |
Earnings & Valuation
This table compares BrightSpire Capital and New York Mortgage Trust’s gross revenue, earnings per share and valuation.
| Gross Revenue | Price/Sales Ratio | Net Income | Earnings Per Share | Price/Earnings Ratio | |
| BrightSpire Capital | $392.11 million | 2.28 | -$15.55 million | ($0.13) | -52.92 |
| New York Mortgage Trust | $308.67 million | N/A | N/A | N/A | N/A |
New York Mortgage Trust has lower revenue, but higher earnings than BrightSpire Capital.
Summary
BrightSpire Capital beats New York Mortgage Trust on 9 of the 10 factors compared between the two stocks.
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. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was formerly known as Colony Credit Real Estate, Inc. and changed its name to BrightSpire Capital, Inc. in June 2021. BrightSpire Capital, Inc. was incorporated in 2017 and is headquartered in New York, New York.
About New York Mortgage Trust
New York Mortgage Trust, Inc. acquires, invests in, finances, and manages mortgage-related single-family and multi-family residential assets in the United States. Its targeted investments include residential loans, including business purpose loans; structured multi-family property investments, such as preferred equity in, and mezzanine loans to owners of multi-family properties; non-agency residential mortgage-backed securities (RMBS); agency RMBS; commercial mortgage-backed securities (CMBS); single-family rental properties; and other mortgage, residential housing, and credit-related assets. The company also qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. New York Mortgage Trust, Inc. was incorporated in 2003 and is headquartered in New York, New York.
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