BrightSpire Capital, Inc. (NYSE:BRSP) Short Interest Update

BrightSpire Capital, Inc. (NYSE:BRSP - Get Free Report) was the target of a significant growth in short interest in the month of January. As of January 15th, there was short interest totalling 2,070,000 shares, a growth of 32.7% from the December 31st total of 1,560,000 shares. Currently, 1.6% of the company's stock are sold short. Based on an average daily volume of 613,300 shares, the days-to-cover ratio is presently 3.4 days.

Analyst Upgrades and Downgrades

BRSP has been the subject of several analyst reports. B. Riley decreased their target price on shares of BrightSpire Capital from $10.00 to $9.00 and set a "buy" rating for the company in a research note on Tuesday, January 7th. Alliance Global Partners initiated coverage on shares of BrightSpire Capital in a report on Friday, January 17th. They issued a "buy" rating and a $7.25 price target on the stock. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $7.45.

Institutional Trading of BrightSpire Capital

A number of institutional investors and hedge funds have recently modified their holdings of the business. Barclays PLC increased its stake in shares of BrightSpire Capital by 329.1% in the third quarter. Barclays PLC now owns 198,351 shares of the company's stock valued at $1,110,000 after purchasing an additional 152,131 shares during the period. Van ECK Associates Corp grew its holdings in BrightSpire Capital by 12.8% in the 4th quarter. Van ECK Associates Corp now owns 1,134,821 shares of the company's stock worth $6,400,000 after buying an additional 129,120 shares in the last quarter. Renaissance Technologies LLC grew its holdings in BrightSpire Capital by 50.1% in the 2nd quarter. Renaissance Technologies LLC now owns 294,200 shares of the company's stock worth $1,677,000 after buying an additional 98,236 shares in the last quarter. Private Management Group Inc. grew its holdings in BrightSpire Capital by 1.9% in the 3rd quarter. Private Management Group Inc. now owns 4,574,973 shares of the company's stock worth $25,620,000 after buying an additional 85,787 shares in the last quarter. Finally, J.W. Cole Advisors Inc. grew its holdings in BrightSpire Capital by 222.4% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 108,023 shares of the company's stock worth $605,000 after buying an additional 74,512 shares in the last quarter. 56.57% of the stock is owned by institutional investors and hedge funds.

BrightSpire Capital Stock Down 1.3 %

BRSP traded down $0.08 during trading on Monday, hitting $5.56. The company had a trading volume of 608,058 shares, compared to its average volume of 579,858. The company has a market cap of $720.37 million, a PE ratio of -5.45 and a beta of 1.88. BrightSpire Capital has a 1-year low of $5.07 and a 1-year high of $7.04. The business has a 50-day moving average of $5.94 and a 200-day moving average of $5.84. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.73 and a quick ratio of 0.73.

BrightSpire Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.16 per share. The ex-dividend date was Tuesday, December 31st. This represents a $0.64 dividend on an annualized basis and a dividend yield of 11.52%. BrightSpire Capital's dividend payout ratio (DPR) is -62.75%.

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.