Van ECK Associates Corp Purchases 129,120 Shares of BrightSpire Capital, Inc. (NYSE:BRSP)

Van ECK Associates Corp increased its stake in shares of BrightSpire Capital, Inc. (NYSE:BRSP - Free Report) by 12.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,134,821 shares of the company's stock after purchasing an additional 129,120 shares during the quarter. Van ECK Associates Corp owned approximately 0.88% of BrightSpire Capital worth $6,400,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BRSP. Avior Wealth Management LLC increased 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 worth $52,000 after purchasing an additional 7,265 shares during the last quarter. McAdam LLC bought a new stake in shares of BrightSpire Capital in the 3rd quarter valued at approximately $58,000. Winthrop Advisory Group LLC acquired a new position in BrightSpire Capital in the fourth quarter worth approximately $61,000. Fermata Advisors LLC acquired a new position in BrightSpire Capital in the fourth quarter worth approximately $65,000. Finally, Garden State Investment Advisory Services LLC bought a new position in BrightSpire Capital during the third quarter valued at approximately $75,000. 56.57% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

BrightSpire Capital Stock Performance

Shares of BrightSpire Capital stock traded down $0.05 on Friday, reaching $6.05. The stock had a trading volume of 871,783 shares, compared to its average volume of 792,532. 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 price is $5.79 and its two-hundred day moving average price is $5.82. The stock has a market cap of $783.95 million, a P/E ratio of -5.76 and a beta of 1.88. BrightSpire Capital, Inc. has a fifty-two week low of $5.07 and a fifty-two week high of $7.04.

BrightSpire Capital (NYSE:BRSP - Get Free Report) last released 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 firm had revenue of $17.46 million for the quarter, compared to analyst estimates of $65.81 million. BrightSpire Capital had a positive return on equity of 8.67% and a negative net margin of 79.23%. During the same period in the prior year, the firm earned $0.28 EPS. On average, sell-side analysts forecast that BrightSpire Capital, Inc. will post 0.67 EPS for the current year.

BrightSpire Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 10.59%. The ex-dividend date was Tuesday, December 31st. BrightSpire Capital's dividend payout ratio (DPR) is currently -60.95%.

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.