Short Interest in BrightSpire Capital, Inc. (NYSE:BRSP) Decreases By 41.1%

BrightSpire Capital, Inc. (NYSE:BRSP - Get Free Report) was the recipient of a large drop in short interest in January. As of January 15th, there was short interest totalling 1,220,000 shares, a drop of 41.1% from the December 31st total of 2,070,000 shares. Currently, 1.0% of the company's stock are sold short. Based on an average daily volume of 609,200 shares, the days-to-cover ratio is currently 2.0 days.

Institutional Investors Weigh In On BrightSpire Capital

Large investors have recently modified their holdings of the stock. Allegiance Financial Group Advisory Services LLC grew its stake in BrightSpire Capital by 30.3% during the fourth quarter. Allegiance Financial Group Advisory Services LLC now owns 19,087 shares of the company's stock valued at $108,000 after acquiring an additional 4,434 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of BrightSpire Capital by 0.8% during the fourth quarter. Bank of New York Mellon Corp now owns 357,844 shares of the company's stock worth $2,018,000 after buying an additional 2,798 shares in the last quarter. Atria Wealth Solutions Inc. purchased a new stake in shares of BrightSpire Capital in the fourth quarter valued at about $72,000. J.W. Cole Advisors Inc. boosted its stake in BrightSpire Capital by 46.1% during the fourth quarter. J.W. Cole Advisors Inc. now owns 157,857 shares of the company's stock worth $890,000 after buying an additional 49,834 shares during the period. Finally, Van ECK Associates Corp lifted its position in shares of BrightSpire Capital by 12.8% during the fourth quarter. Van ECK Associates Corp now owns 1,134,821 shares of the company's stock worth $6,400,000 after purchasing an additional 129,120 shares in the last quarter. Institutional investors own 56.57% of the company's stock.

Wall Street Analyst Weigh In

BRSP has been the topic of several analyst reports. Alliance Global Partners began coverage on BrightSpire Capital in a research report on Friday, January 17th. They issued a "buy" rating and a $7.25 target price on the stock. B. Riley decreased their target price on BrightSpire Capital from $10.00 to $9.00 and set a "buy" rating on the stock in a report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $7.45.

BrightSpire Capital Trading Up 0.3 %

BRSP traded up $0.02 during trading on Wednesday, reaching $5.73. 751,497 shares of the stock traded hands, compared to its average volume of 702,744. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 1.78. BrightSpire Capital has a 12 month low of $5.07 and a 12 month high of $7.04. The stock has a market capitalization of $742.42 million, a PE ratio of -5.58 and a beta of 1.88. The stock's 50-day moving average is $5.91 and its 200 day moving average is $5.83.

BrightSpire Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 11.18%. The ex-dividend date was Tuesday, December 31st. BrightSpire Capital's dividend payout ratio (DPR) is currently -62.75%.

BrightSpire Capital Company 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.