BrightSpire Capital, Inc. (NYSE:BRSP) Short Interest Up 107.8% in March

BrightSpire Capital, Inc. (NYSE:BRSP - Get Free Report) was the target of a significant increase in short interest in March. As of March 31st, there was short interest totalling 2,390,000 shares, an increase of 107.8% from the March 15th total of 1,150,000 shares. Based on an average daily volume of 840,600 shares, the short-interest ratio is presently 2.8 days. Approximately 1.9% of the company's stock are short sold.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on BRSP. B. Riley lowered their price target 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 initiated coverage on BrightSpire Capital in a research note on Friday, January 17th. They issued a "buy" rating and a $7.25 price target on the stock. Finally, Jones Trading lowered their price objective on BrightSpire Capital from $7.25 to $6.50 and set a "buy" rating for the company in a research note on Thursday. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, BrightSpire Capital has an average rating of "Moderate Buy" and a consensus target price of $7.45.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BRSP. Ameriflex Group Inc. bought a new position in shares of BrightSpire Capital in the fourth quarter worth $37,000. Brevan Howard Capital Management LP bought a new stake in shares of BrightSpire Capital during the 4th quarter worth about $57,000. Winthrop Advisory Group LLC acquired a new stake in shares of BrightSpire Capital in the 4th quarter worth approximately $61,000. Dark Forest Capital Management LP bought a new position in shares of BrightSpire Capital in the fourth quarter valued at approximately $64,000. Finally, Fermata Advisors LLC acquired a new position in shares of BrightSpire Capital during the fourth quarter valued at approximately $65,000. Institutional investors and hedge funds own 56.57% of the company's stock.

BrightSpire Capital Stock Down 1.6 %

NYSE BRSP traded down $0.07 on Monday, hitting $4.43. 526,350 shares of the stock traded hands, compared to its average volume of 766,392. The company has a market capitalization of $578.81 million, a P/E ratio of -4.22 and a beta of 1.54. The stock has a 50-day moving average of $5.58 and a 200 day moving average of $5.76. 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 twelve month low of $4.16 and a twelve month high of $6.71.

BrightSpire Capital (NYSE:BRSP - Get Free Report) last released its earnings results on Tuesday, February 18th. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.03). BrightSpire Capital had a negative net margin of 79.23% and a positive return on equity of 8.82%. 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 firm earned $0.28 EPS. As a group, analysts expect that BrightSpire Capital will post 0.67 earnings per share for the current fiscal year.

BrightSpire Capital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 14.45%. The ex-dividend date was Monday, March 31st. BrightSpire Capital's payout ratio is -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.