Charles Schwab Investment Management Inc. Sells 143,145 Shares of BrightSpire Capital, Inc. (NYSE:BRSP)

Charles Schwab Investment Management Inc. lowered its position in BrightSpire Capital, Inc. (NYSE:BRSP - Free Report) by 10.3% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,241,797 shares of the company's stock after selling 143,145 shares during the period. Charles Schwab Investment Management Inc. owned 0.96% of BrightSpire Capital worth $7,004,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Barclays PLC increased its holdings in BrightSpire Capital by 329.1% in the third quarter. Barclays PLC now owns 198,351 shares of the company's stock worth $1,110,000 after purchasing an additional 152,131 shares in the last quarter. Jane Street Group LLC increased its stake in shares of BrightSpire Capital by 19.7% in the 3rd quarter. Jane Street Group LLC now owns 193,470 shares of the company's stock valued at $1,083,000 after acquiring an additional 31,865 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of BrightSpire Capital by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 3,082,637 shares of the company's stock valued at $17,267,000 after acquiring an additional 14,606 shares during the period. Atria Investments Inc boosted its stake in BrightSpire Capital by 34.5% during the third quarter. Atria Investments Inc now owns 30,338 shares of the company's stock worth $170,000 after acquiring an additional 7,779 shares in the last quarter. Finally, Atria Wealth Solutions Inc. acquired a new stake in BrightSpire Capital in the fourth quarter worth $72,000. 56.57% of the stock is owned by institutional investors.

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BrightSpire Capital Stock Down 0.1 %

Shares of BRSP traded down $0.01 on Thursday, reaching $5.80. The company's stock had a trading volume of 379,163 shares, compared to its average volume of 782,474. BrightSpire Capital, Inc. has a twelve month low of $5.07 and a twelve month high of $6.93. The stock has a market capitalization of $751.52 million, a PE ratio of -5.52 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 firm has a fifty day moving average of $5.88 and a 200-day moving average of $5.88.

BrightSpire Capital (NYSE:BRSP - Get Free Report) last posted its earnings results on Tuesday, February 18th. The company reported $0.16 earnings per share for the quarter, missing analysts' consensus estimates of $0.19 by ($0.03). The company had revenue of $17.46 million during the quarter, compared to the consensus estimate of $65.81 million. BrightSpire Capital had a negative net margin of 79.23% and a positive return on equity of 8.82%. During the same quarter in the prior year, the business earned $0.28 EPS. Equities analysts predict that BrightSpire Capital, Inc. will post 0.67 EPS for the current year.

BrightSpire Capital Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $0.16 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.64 annualized dividend and a dividend yield of 11.04%. BrightSpire Capital's payout ratio is -60.95%.

Analysts Set New Price Targets

Several analysts have recently commented on BRSP shares. Alliance Global Partners assumed coverage on BrightSpire Capital in a research note on Friday, January 17th. They issued a "buy" rating and a $7.25 target price for the company. 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 note on Tuesday, January 7th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, BrightSpire Capital has an average rating of "Moderate Buy" and an average price target of $7.69.

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.