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

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

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bank of New York Mellon Corp boosted its stake in BrightSpire Capital by 10.3% during the second quarter. Bank of New York Mellon Corp now owns 455,366 shares of the company's stock worth $2,596,000 after acquiring an additional 42,553 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in BrightSpire Capital by 13.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 38,893 shares of the company's stock valued at $222,000 after purchasing an additional 4,683 shares in the last quarter. Van ECK Associates Corp grew its stake in shares of BrightSpire Capital by 34.7% during the 2nd quarter. Van ECK Associates Corp now owns 1,067,438 shares of the company's stock valued at $6,084,000 after acquiring an additional 275,175 shares during the period. Founders Financial Securities LLC purchased a new stake in shares of BrightSpire Capital in the second quarter worth $62,000. Finally, Private Advisor Group LLC raised its position in shares of BrightSpire Capital by 232.7% during the 2nd quarter. Private Advisor Group LLC now owns 486,886 shares of the company's stock valued at $2,775,000 after purchasing an additional 340,563 shares during the period. 56.57% of the stock is owned by institutional investors.

BrightSpire Capital Stock Performance

NYSE BRSP traded down $0.09 on Monday, reaching $5.74. 704,461 shares of the company's stock traded hands, compared to its average volume of 738,083. The firm has a market cap of $744.39 million, a price-to-earnings ratio of -5.63 and a beta of 1.87. The stock has a 50 day moving average price of $6.06 and a 200-day moving average price of $5.90. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.73 and a current ratio of 0.73. BrightSpire Capital, Inc. has a fifty-two week low of $5.07 and a fifty-two week high of $7.71.

BrightSpire Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.16 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.64 dividend on an annualized basis and a yield of 11.15%. BrightSpire Capital's dividend payout ratio is currently -62.75%.

Wall Street Analysts Forecast Growth

Separately, JMP Securities reissued a "market outperform" rating and set a $7.50 price target on shares of BrightSpire Capital in a research note on Thursday, September 19th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, BrightSpire Capital has a consensus rating of "Hold" and an average target price of $7.00.

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.