J.W. Cole Advisors Inc. Buys 49,834 Shares of BrightSpire Capital, Inc. (NYSE:BRSP)

J.W. Cole Advisors Inc. lifted its stake in BrightSpire Capital, Inc. (NYSE:BRSP - Free Report) by 46.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 157,857 shares of the company's stock after acquiring an additional 49,834 shares during the period. J.W. Cole Advisors Inc. owned 0.12% of BrightSpire Capital worth $890,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. SG Americas Securities LLC acquired a new stake in shares of BrightSpire Capital in the third quarter valued at $162,000. Private Advisor Group LLC lifted its holdings in BrightSpire Capital by 14.5% in the 3rd quarter. Private Advisor Group LLC now owns 557,638 shares of the company's stock valued at $3,123,000 after acquiring an additional 70,752 shares during the last quarter. McAdam LLC bought a new position in shares of BrightSpire Capital during the 3rd quarter valued at about $58,000. Diversify Advisory Services LLC boosted its position in shares of BrightSpire Capital by 27.9% during the 3rd quarter. Diversify Advisory Services LLC now owns 25,131 shares of the company's stock valued at $134,000 after purchasing an additional 5,482 shares in the last quarter. Finally, Private Management Group Inc. grew its stake in shares of 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 purchasing an additional 85,787 shares during the last quarter. 56.57% of the stock is currently owned by institutional investors.

BrightSpire Capital Trading Down 0.7 %

Shares of BRSP traded down $0.05 during midday trading on Friday, hitting $6.05. The stock had a trading volume of 871,783 shares, compared to its average volume of 792,532. The business has a 50-day simple moving average of $5.80 and a two-hundred day simple moving average of $5.81. BrightSpire Capital, Inc. has a fifty-two week low of $5.07 and a fifty-two week high of $7.04. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 1.78. The firm has a market cap of $783.92 million, a P/E ratio of -5.76 and a beta of 1.88.

BrightSpire Capital (NYSE:BRSP - Get Free Report) last posted its quarterly earnings results on Tuesday, February 18th. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.19 by ($0.03). BrightSpire Capital had a positive return on equity of 8.67% and a negative net margin of 79.23%. The company had revenue of $17.46 million during the quarter, compared to analysts' expectations of $65.81 million. During the same period last year, the company earned $0.28 earnings per share. As a group, equities analysts forecast that BrightSpire Capital, Inc. will post 0.67 EPS for the current year.

BrightSpire Capital Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.16 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.64 annualized dividend and a dividend yield of 10.59%. BrightSpire Capital's dividend payout ratio is -60.95%.

Analysts Set New Price Targets

BRSP has been the subject of several recent research reports. B. Riley cut 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 began coverage on BrightSpire Capital in a report on Friday, January 17th. They issued a "buy" rating and a $7.25 price target on the stock. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $7.45.

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.