Greenland Capital Management LP Buys 110,000 Shares of BrightSpire Capital, Inc. (NYSE:BRSP)

Greenland Capital Management LP boosted its stake in shares of BrightSpire Capital, Inc. (NYSE:BRSP - Free Report) by 11.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,070,000 shares of the company's stock after buying an additional 110,000 shares during the period. BrightSpire Capital makes up approximately 1.0% of Greenland Capital Management LP's holdings, making the stock its 29th biggest holding. Greenland Capital Management LP owned 0.83% of BrightSpire Capital worth $6,035,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Winthrop Advisory Group LLC acquired a new stake in shares of BrightSpire Capital during the fourth quarter worth $61,000. Fermata Advisors LLC bought a new position in BrightSpire Capital during the 4th quarter worth about $65,000. Cibc World Markets Corp acquired a new stake in shares of BrightSpire Capital in the 4th quarter valued at about $68,000. Atria Wealth Solutions Inc. acquired a new stake in shares of BrightSpire Capital in the 4th quarter valued at about $72,000. Finally, Garden State Investment Advisory Services LLC bought a new stake in shares of BrightSpire Capital in the third quarter valued at about $75,000. Institutional investors own 56.57% of the company's stock.

BrightSpire Capital Stock Down 2.8 %

Shares of NYSE:BRSP traded down $0.13 during trading on Friday, hitting $4.32. 1,126,668 shares of the company were exchanged, compared to its average volume of 764,353. The stock has a market cap of $563.79 million, a price-to-earnings ratio of -4.11 and a beta of 1.54. 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, Inc. has a fifty-two week low of $4.16 and a fifty-two week high of $6.71. The firm has a fifty day moving average price of $5.71 and a two-hundred day moving average price of $5.80.

BrightSpire Capital (NYSE:BRSP - Get Free Report) last announced its quarterly earnings results on Tuesday, February 18th. The company reported $0.16 EPS for the quarter, missing analysts' consensus estimates of $0.19 by ($0.03). The firm had revenue of $17.46 million during the quarter, compared to analyst estimates 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. As a group, research analysts anticipate that BrightSpire Capital, Inc. will post 0.67 earnings per share for the current fiscal year.

BrightSpire Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a $0.16 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.64 annualized dividend and a yield of 14.83%. BrightSpire Capital's dividend payout ratio is -60.95%.

Analyst Upgrades and Downgrades

BRSP has been the subject of a number of research reports. B. Riley decreased their price objective on 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 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 target for the company. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus 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.