Vanguard Group Inc. Cuts Position in BrightSpire Capital, Inc. (NYSE:BRSP)

Vanguard Group Inc. lowered its stake in shares of BrightSpire Capital, Inc. (NYSE:BRSP - Free Report) by 0.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,946,288 shares of the company's stock after selling 79,722 shares during the period. Vanguard Group Inc. owned about 9.98% of BrightSpire Capital worth $73,017,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Private Management Group Inc. increased its stake in BrightSpire Capital by 1.3% during the 4th quarter. Private Management Group Inc. now owns 4,632,732 shares of the company's stock worth $26,129,000 after buying an additional 57,759 shares in the last quarter. Geode Capital Management LLC increased its position in shares of BrightSpire Capital by 0.5% during the third quarter. Geode Capital Management LLC now owns 3,082,637 shares of the company's stock worth $17,267,000 after purchasing an additional 14,606 shares in the last quarter. Van ECK Associates Corp raised its stake in BrightSpire Capital by 12.8% in the 4th quarter. Van ECK Associates Corp now owns 1,134,821 shares of the company's stock valued at $6,400,000 after purchasing an additional 129,120 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in BrightSpire Capital by 0.8% during the 4th quarter. Bank of New York Mellon Corp now owns 357,844 shares of the company's stock worth $2,018,000 after purchasing an additional 2,798 shares during the last quarter. Finally, Barclays PLC grew its holdings in shares of BrightSpire Capital by 329.1% during the third quarter. Barclays PLC now owns 198,351 shares of the company's stock worth $1,110,000 after buying an additional 152,131 shares in the last quarter. Institutional investors and hedge funds own 56.57% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. B. Riley dropped their price objective on shares of BrightSpire Capital from $10.00 to $9.00 and set a "buy" rating for the company in a research note on Tuesday, January 7th. Alliance Global Partners assumed coverage on BrightSpire Capital in a report on Friday, January 17th. They issued a "buy" rating and a $7.25 price target for the company. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $7.69.

BrightSpire Capital Trading Down 0.8 %

Shares of NYSE BRSP traded down $0.04 during midday trading on Wednesday, reaching $4.42. 51,313 shares of the stock were exchanged, compared to its average volume of 762,355. BrightSpire Capital, Inc. has a twelve month low of $4.16 and a twelve month high of $6.71. The stock has a market capitalization of $576.86 million, a P/E ratio of -4.20 and a beta of 1.54. The company has a 50 day simple moving average of $5.65 and a 200 day simple moving average of $5.78. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.73 and a current ratio of 0.70.

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

BrightSpire Capital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were given a $0.16 dividend. The ex-dividend date was Monday, March 31st. This represents a $0.64 dividend on an annualized basis and a yield of 14.50%. BrightSpire Capital's payout ratio is currently -60.95%.

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.