Barclays PLC Grows Holdings in BrightSpire Capital, Inc. (NYSE:BRSP)

Barclays PLC increased its stake in shares of BrightSpire Capital, Inc. (NYSE:BRSP - Free Report) by 329.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 198,351 shares of the company's stock after purchasing an additional 152,131 shares during the quarter. Barclays PLC owned approximately 0.15% of BrightSpire Capital worth $1,110,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Avior Wealth Management LLC increased its position in BrightSpire Capital by 363.1% during the 3rd quarter. Avior Wealth Management LLC now owns 9,266 shares of the company's stock worth $52,000 after purchasing an additional 7,265 shares in the last quarter. ORG Partners LLC bought a new position in shares of BrightSpire Capital in the third quarter valued at $53,000. McAdam LLC bought a new position in shares of BrightSpire Capital in the third quarter valued at $58,000. EverSource Wealth Advisors LLC lifted its position in shares of BrightSpire Capital by 5,602.8% during the second quarter. EverSource Wealth Advisors LLC now owns 10,265 shares of the company's stock valued at $59,000 after purchasing an additional 10,085 shares in the last quarter. Finally, Algert Global LLC bought a new position in shares of BrightSpire Capital during the second quarter valued at about $75,000. 56.57% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BRSP has been the subject of a number of analyst reports. JMP Securities restated a "market outperform" rating and issued a $7.50 price objective on shares of BrightSpire Capital in a research report on Thursday, September 19th. B. Riley reduced their target price on shares of BrightSpire Capital from $10.00 to $9.00 and set a "buy" rating on the stock in a research report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $7.50.

BrightSpire Capital Stock Performance

BRSP traded up $0.10 during midday trading on Tuesday, hitting $5.58. 215,623 shares of the company traded hands, compared to its average volume of 611,153. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 1.78. The firm has a market capitalization of $723.64 million, a PE ratio of -5.47 and a beta of 1.88. The company's 50-day moving average is $6.09 and its 200 day moving average is $5.88. BrightSpire Capital, Inc. has a 52 week low of $5.07 and a 52 week high of $7.71.

BrightSpire Capital Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 11.47%. The ex-dividend date is Tuesday, December 31st. BrightSpire Capital's dividend payout ratio is currently -62.75%.

BrightSpire Capital Profile

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.