Private Management Group Inc. Acquires 57,759 Shares of BrightSpire Capital, Inc. (NYSE:BRSP)

Private Management Group Inc. increased its holdings in BrightSpire Capital, Inc. (NYSE:BRSP - Free Report) by 1.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,632,732 shares of the company's stock after purchasing an additional 57,759 shares during the quarter. Private Management Group Inc. owned 3.57% of BrightSpire Capital worth $26,129,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Sei Investments Co. increased its holdings in shares of BrightSpire Capital by 14.4% in the second quarter. Sei Investments Co. now owns 35,773 shares of the company's stock worth $204,000 after buying an additional 4,500 shares during the period. The Manufacturers Life Insurance Company increased 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. Algert Global LLC bought a new stake in BrightSpire Capital in the second quarter valued at approximately $75,000. SG Americas Securities LLC bought a new stake in BrightSpire Capital in the third quarter valued at approximately $162,000. Finally, ORG Partners LLC purchased a new stake in shares of BrightSpire Capital during the third quarter valued at approximately $53,000. 56.57% of the stock is owned by institutional investors.

Analyst Ratings Changes

BRSP has been the subject of a number of recent analyst reports. 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 began coverage on shares of BrightSpire Capital in a research report on Friday, January 17th. They issued a "buy" rating and a $7.25 price objective on the stock. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, BrightSpire Capital has an average rating of "Hold" and a consensus target price of $7.45.

BrightSpire Capital Stock Down 0.9 %

BRSP stock traded down $0.05 on Friday, reaching $5.71. The company's stock had a trading volume of 1,001,168 shares, compared to its average volume of 692,690. 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 has a fifty day simple moving average of $5.87 and a two-hundred day simple moving average of $5.82. BrightSpire Capital, Inc. has a 12-month low of $5.07 and a 12-month high of $7.04.

BrightSpire Capital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 11.21%. The ex-dividend date of this dividend was Tuesday, December 31st. BrightSpire Capital's payout ratio is -62.75%.

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.