Alpine Global Management LLC cut its stake in shares of BrightSpire Capital, Inc. (NYSE:BRSP - Free Report) by 10.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 821,830 shares of the company's stock after selling 94,711 shares during the quarter. BrightSpire Capital makes up about 1.1% of Alpine Global Management LLC's portfolio, making the stock its 15th largest position. Alpine Global Management LLC owned approximately 0.63% of BrightSpire Capital worth $4,635,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also bought and sold shares of BRSP. Jane Street Group LLC raised its position in shares of BrightSpire Capital by 19.7% during the third quarter. Jane Street Group LLC now owns 193,470 shares of the company's stock worth $1,083,000 after purchasing an additional 31,865 shares during the period. Barclays PLC boosted its holdings in BrightSpire Capital by 329.1% during the third quarter. Barclays PLC now owns 198,351 shares of the company's stock worth $1,110,000 after purchasing an additional 152,131 shares during the last quarter. Geode Capital Management LLC grew its position in BrightSpire Capital by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 3,082,637 shares of the company's stock worth $17,267,000 after purchasing an additional 14,606 shares in the last quarter. Garden State Investment Advisory Services LLC purchased a new stake in BrightSpire Capital in the 3rd quarter valued at about $75,000. Finally, ORG Partners LLC lifted its position in shares of BrightSpire Capital by 221.9% during the 4th quarter. ORG Partners LLC now owns 30,619 shares of the company's stock worth $173,000 after buying an additional 21,108 shares in the last quarter. 56.57% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
BRSP has been the subject of a number of research reports. JMP Securities cut their target price on shares of BrightSpire Capital from $7.50 to $6.50 and set a "market outperform" rating for the company in a research report on Tuesday. B. Riley cut 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. Jones Trading dropped their price objective on BrightSpire Capital from $7.25 to $6.50 and set a "buy" rating on the stock in a report on Thursday, April 17th. Finally, Alliance Global Partners began coverage on BrightSpire Capital in a report on Friday, January 17th. They set a "buy" rating and a $7.25 target price for the company. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, BrightSpire Capital has an average rating of "Moderate Buy" and an average target price of $7.25.
Read Our Latest Report on BRSP
BrightSpire Capital Price Performance
Shares of NYSE:BRSP traded up $0.04 on Friday, hitting $4.77. The company's stock had a trading volume of 408,422 shares, compared to its average volume of 766,860. The company has a market capitalization of $623.24 million, a PE ratio of -4.54 and a beta of 1.54. 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 company has a 50-day simple moving average of $5.48 and a 200 day simple moving average of $5.73. BrightSpire Capital, Inc. has a 1 year low of $4.16 and a 1 year high of $6.71.
BrightSpire Capital (NYSE:BRSP - Get Free Report) last released its earnings results on Tuesday, February 18th. The company reported $0.16 EPS for the quarter, missing analysts' consensus estimates of $0.19 by ($0.03). The firm had revenue of $17.46 million during the quarter, compared to the consensus estimate of $65.81 million. BrightSpire Capital had a negative net margin of 79.23% and a positive return on equity of 8.82%. During the same period in the prior year, the company earned $0.28 EPS. Sell-side analysts forecast that BrightSpire Capital, Inc. will post 0.67 EPS for the current fiscal year.
BrightSpire Capital Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a dividend of $0.16 per share. The ex-dividend date was Monday, March 31st. This represents a $0.64 annualized dividend and a yield of 13.42%. BrightSpire Capital's payout ratio is -60.95%.
About BrightSpire Capital
(
Free Report)
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.
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