JPMorgan Chase & Co. Has $8.04 Million Holdings in BrightSpire Capital, Inc. (NYSE:BRSP)

JPMorgan Chase & Co. lowered its holdings in shares of BrightSpire Capital, Inc. (NYSE:BRSP - Free Report) by 25.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,436,189 shares of the company's stock after selling 498,266 shares during the period. JPMorgan Chase & Co. owned approximately 1.11% of BrightSpire Capital worth $8,043,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Avior Wealth Management LLC grew its position in BrightSpire Capital by 363.1% in the 3rd quarter. Avior Wealth Management LLC now owns 9,266 shares of the company's stock valued at $52,000 after buying an additional 7,265 shares in the last quarter. ORG Partners LLC acquired a new position in shares of BrightSpire Capital during the third quarter valued at approximately $53,000. McAdam LLC bought a new stake in BrightSpire Capital during the third quarter worth approximately $58,000. EverSource Wealth Advisors LLC raised its holdings in BrightSpire Capital by 5,602.8% during the second quarter. EverSource Wealth Advisors LLC now owns 10,265 shares of the company's stock worth $59,000 after purchasing an additional 10,085 shares in the last quarter. Finally, Algert Global LLC acquired a new stake in BrightSpire Capital in the second quarter worth approximately $75,000. Institutional investors and hedge funds own 56.57% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on BRSP shares. B. Riley lowered their price target on BrightSpire Capital from $10.00 to $9.00 and set a "buy" rating on the stock in a research report on Tuesday, January 7th. JMP Securities reaffirmed a "market outperform" rating and set a $7.50 target price on shares of BrightSpire Capital in a research note on Thursday, September 19th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $7.50.

BrightSpire Capital Price Performance

Shares of NYSE BRSP traded up $0.05 during trading on Wednesday, hitting $5.68. The company had a trading volume of 454,677 shares, compared to its average volume of 620,208. The company has a market cap of $736.61 million, a P/E ratio of -5.57 and a beta of 1.88. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.73 and a current ratio of 0.73. The business's 50-day moving average is $6.08 and its 200 day moving average is $5.88. BrightSpire Capital, Inc. has a 52 week low of $5.07 and a 52 week high of $7.71.

BrightSpire Capital Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 11.27%. The ex-dividend date of this dividend is Tuesday, December 31st. BrightSpire Capital's dividend payout ratio is -62.75%.

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.