TrueMark Investments LLC Has $73,000 Stock Position in BrightSpire Capital, Inc. (NYSE:BRSP)

TrueMark Investments LLC cut its holdings in shares of BrightSpire Capital, Inc. (NYSE:BRSP - Free Report) by 82.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,887 shares of the company's stock after selling 60,714 shares during the quarter. TrueMark Investments LLC's holdings in BrightSpire Capital were worth $73,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Winthrop Advisory Group LLC bought a new position in shares of BrightSpire Capital during the 4th quarter worth about $61,000. Fermata Advisors LLC bought a new stake in shares of BrightSpire Capital in the 4th quarter worth approximately $65,000. Cibc World Markets Corp bought a new stake in shares of BrightSpire Capital during the fourth quarter valued at approximately $68,000. Atria Wealth Solutions Inc. acquired a new position in shares of BrightSpire Capital in the fourth quarter valued at $72,000. Finally, Garden State Investment Advisory Services LLC bought a new position in BrightSpire Capital in the third quarter worth $75,000. Institutional investors and hedge funds own 56.57% of the company's stock.

Analysts Set New Price Targets

BRSP has been the subject of a number of analyst reports. Alliance Global Partners initiated coverage on shares of BrightSpire Capital in a report on Friday, January 17th. They set a "buy" rating and a $7.25 price objective for the company. B. Riley cut their target price on BrightSpire Capital from $10.00 to $9.00 and set a "buy" rating for the company in a research report on Tuesday, January 7th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, BrightSpire Capital has a consensus rating of "Moderate Buy" and a consensus target price of $7.69.

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BrightSpire Capital Stock Down 1.8 %

Shares of BRSP opened at $5.58 on Tuesday. The business's 50 day simple moving average is $5.88 and its 200-day simple moving average is $5.88. BrightSpire Capital, Inc. has a one year low of $5.07 and a one year high of $6.88. The company has a market capitalization of $722.99 million, a P/E ratio of -5.31 and a beta of 1.98. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.70 and a quick ratio of 0.73.

BrightSpire Capital (NYSE:BRSP - Get Free Report) last announced its earnings results on Tuesday, February 18th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.03). BrightSpire Capital had a positive return on equity of 8.82% and a negative net margin of 79.23%. The business had revenue of $17.46 million for the quarter, compared to the consensus estimate of $65.81 million. During the same quarter in the previous year, the company posted $0.28 EPS. As a group, sell-side analysts predict that BrightSpire Capital, Inc. will post 0.67 EPS for the current fiscal year.

BrightSpire Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 11.48%. The ex-dividend date is Monday, March 31st. BrightSpire Capital's payout ratio is presently -60.95%.

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.