BrightSpire Capital (NYSE:BRSP) Sees Strong Trading Volume - Should You Buy?

BrightSpire Capital, Inc. (NYSE:BRSP - Get Free Report) shares saw an uptick in trading volume on Tuesday . 2,435,716 shares traded hands during trading, an increase of 330% from the previous session's volume of 566,624 shares.The stock last traded at $5.57 and had previously closed at $5.56.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Alliance Global Partners began coverage on shares of BrightSpire Capital in a research note on Friday, January 17th. They set a "buy" rating and a $7.25 price objective on the stock. B. Riley reduced their price objective on BrightSpire Capital from $10.00 to $9.00 and set a "buy" rating for the company in a research report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $7.45.

BrightSpire Capital Stock Down 0.9 %

The company has a debt-to-equity ratio of 1.78, a current ratio of 0.73 and a quick ratio of 0.73. The firm has a market capitalization of $740.50 million, a P/E ratio of -5.60 and a beta of 1.88. The firm's fifty day moving average price is $5.87 and its 200-day moving average price is $5.82.

BrightSpire Capital Announces Dividend

The company also recently declared 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 11.21%. The ex-dividend date of this dividend was Tuesday, December 31st. BrightSpire Capital's dividend payout ratio (DPR) is presently -62.75%.

Hedge Funds Weigh In On BrightSpire Capital

Large investors have recently made changes to their positions in the business. Bank of New York Mellon Corp increased its position in shares of BrightSpire Capital by 0.8% in the fourth quarter. Bank of New York Mellon Corp now owns 357,844 shares of the company's stock worth $2,018,000 after acquiring an additional 2,798 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in BrightSpire Capital by 7.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 50,752 shares of the company's stock worth $289,000 after purchasing an additional 3,608 shares during the period. Allegiance Financial Group Advisory Services LLC grew its position in BrightSpire Capital by 30.3% during the 4th quarter. Allegiance Financial Group Advisory Services LLC now owns 19,087 shares of the company's stock worth $108,000 after purchasing an additional 4,434 shares in the last quarter. Sei Investments Co. raised its stake in BrightSpire Capital by 14.4% during the 2nd quarter. Sei Investments Co. now owns 35,773 shares of the company's stock valued at $204,000 after purchasing an additional 4,500 shares during the period. Finally, Diversify Advisory Services LLC lifted its holdings in shares of BrightSpire Capital by 27.9% in the third quarter. Diversify Advisory Services LLC now owns 25,131 shares of the company's stock valued at $134,000 after purchasing an additional 5,482 shares in the last quarter. Institutional investors own 56.57% of the company's stock.

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.