BrightSpire Capital, Inc. (NYSE:BRSP) Sees Large Increase in Short Interest

BrightSpire Capital, Inc. (NYSE:BRSP - Get Free Report) was the recipient of a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 1,110,000 shares, a growth of 39.0% from the February 13th total of 798,500 shares. Currently, 0.9% of the company's shares are sold short. Based on an average trading volume of 698,900 shares, the days-to-cover ratio is presently 1.6 days.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. B. Riley dropped their target price on shares of BrightSpire Capital from $10.00 to $9.00 and set a "buy" rating for the company in a report on Tuesday, January 7th. Alliance Global Partners started coverage on BrightSpire Capital in a report on Friday, January 17th. They issued a "buy" rating and a $7.25 price objective for the company. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, BrightSpire Capital has an average rating of "Moderate Buy" and an average price target of $7.69.

Hedge Funds Weigh In On BrightSpire Capital

Institutional investors and hedge funds have recently made changes to their positions in the business. CF Capital LLC purchased a new stake in shares of BrightSpire Capital in the 4th quarter worth approximately $4,343,000. Gratia Capital LLC bought a new stake in BrightSpire Capital in the fourth quarter worth $3,384,000. Almitas Capital LLC bought a new position in shares of BrightSpire Capital during the fourth quarter valued at $2,010,000. Balyasny Asset Management L.P. increased its holdings in shares of BrightSpire Capital by 16.9% during the fourth quarter. Balyasny Asset Management L.P. now owns 1,132,234 shares of the company's stock valued at $6,386,000 after acquiring an additional 163,790 shares in the last quarter. Finally, Barclays PLC raised its position in shares of BrightSpire Capital by 329.1% in the 3rd quarter. Barclays PLC now owns 198,351 shares of the company's stock worth $1,110,000 after purchasing an additional 152,131 shares during the last quarter. Institutional investors own 56.57% of the company's stock.

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BrightSpire Capital Stock Down 1.4 %

Shares of BRSP stock traded down $0.09 during midday trading on Thursday, reaching $5.92. 852,000 shares of the stock were exchanged, compared to its average volume of 719,723. The firm has a market cap of $768.12 million, a PE ratio of -5.64 and a beta of 1.98. The company has a current ratio of 0.70, a quick ratio of 0.73 and a debt-to-equity ratio of 1.79. The company's 50 day moving average is $5.86 and its two-hundred day moving average is $5.88. BrightSpire Capital has a 1 year low of $5.07 and a 1 year high of $7.04.

BrightSpire Capital (NYSE:BRSP - Get Free Report) last posted its quarterly earnings data 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 8.82% and a negative net margin of 79.23%. The firm had revenue of $17.46 million during the quarter, compared to the consensus estimate of $65.81 million. During the same quarter last year, the company posted $0.28 EPS. On average, equities research analysts predict that BrightSpire Capital will post 0.67 EPS for the current year.

BrightSpire Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 10.81%. The ex-dividend date of this dividend is Monday, March 31st. BrightSpire Capital's payout ratio is currently -60.95%.

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.