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

BrightSpire Capital, Inc. (NYSE:BRSP - Get Free Report) was the recipient of a large decrease in short interest in February. As of February 15th, there was short interest totalling 798,500 shares, a decrease of 20.9% from the January 31st total of 1,010,000 shares. Based on an average trading volume of 657,400 shares, the days-to-cover ratio is presently 1.2 days. Approximately 0.6% of the company's stock are short sold.

Institutional Trading of BrightSpire Capital

Several hedge funds have recently made changes to their positions in the company. Ameriflex Group Inc. bought a new position in shares of BrightSpire Capital during the 4th quarter worth $37,000. Avior Wealth Management LLC boosted its position in BrightSpire Capital by 363.1% during the third quarter. Avior Wealth Management LLC now owns 9,266 shares of the company's stock worth $52,000 after purchasing an additional 7,265 shares during the period. Brevan Howard Capital Management LP bought a new stake in shares of BrightSpire Capital in the fourth quarter valued at approximately $57,000. Winthrop Advisory Group LLC purchased a new stake in shares of BrightSpire Capital during the 4th quarter valued at approximately $61,000. Finally, Dark Forest Capital Management LP bought a new position in BrightSpire Capital in the 4th quarter worth approximately $64,000. 56.57% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on BRSP. Alliance Global Partners started coverage on shares of BrightSpire Capital in a research report on Friday, January 17th. They set a "buy" rating and a $7.25 price target 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 on the stock in a research report on Tuesday, January 7th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, BrightSpire Capital currently has a consensus rating of "Moderate Buy" and a consensus target price of $7.69.

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BrightSpire Capital Stock Performance

Shares of NYSE:BRSP traded up $0.07 during midday trading on Friday, reaching $6.09. The company had a trading volume of 528,535 shares, compared to its average volume of 773,630. The stock has a market cap of $789.13 million, a P/E ratio of -5.80 and a beta of 1.98. The company's 50 day moving average price is $5.81 and its 200 day moving average price is $5.87. The company has a current ratio of 0.70, a quick ratio of 0.73 and a debt-to-equity ratio of 1.79. BrightSpire Capital has a 52-week low of $5.07 and a 52-week high of $7.04.

BrightSpire Capital (NYSE:BRSP - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $17.46 million during the quarter, compared to the consensus estimate of $65.81 million. During the same period in the prior year, the firm posted $0.28 EPS. As a group, sell-side analysts anticipate that BrightSpire Capital will post 0.67 EPS for the current fiscal year.

BrightSpire Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 10.52%. The ex-dividend date was Tuesday, December 31st. BrightSpire Capital's dividend payout ratio (DPR) is -60.95%.

About BrightSpire Capital

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.