Zurcher Kantonalbank Zurich Cantonalbank Acquires 8,004 Shares of BrightSpire Capital, Inc. (NYSE:BRSP)

Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of BrightSpire Capital, Inc. (NYSE:BRSP) by 30.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,210 shares of the company’s stock after purchasing an additional 8,004 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in BrightSpire Capital were worth $255,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the stock. SG Americas Securities LLC purchased a new position in shares of BrightSpire Capital during the 3rd quarter valued at $63,000. Arlington Trust Co LLC purchased a new position in shares of BrightSpire Capital in the fourth quarter worth about $67,000. Hudson Valley Investment Advisors Inc. ADV bought a new stake in shares of BrightSpire Capital in the third quarter valued at approximately $75,000. Arkadios Wealth Advisors purchased a new stake in shares of BrightSpire Capital during the 4th quarter valued at approximately $77,000. Finally, Anfield Capital Management LLC purchased a new position in BrightSpire Capital in the 3rd quarter valued at approximately $97,000. Institutional investors own 56.57% of the company’s stock.

Analyst Upgrades and Downgrades

BRSP has been the topic of several recent research reports. Barclays dropped their target price on BrightSpire Capital from $8.00 to $7.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 2nd. Bank of America lowered BrightSpire Capital from a “neutral” rating to an “underperform” rating and set a $6.50 target price for the company. in a report on Monday, March 4th. Finally, Raymond James downgraded shares of BrightSpire Capital from an “outperform” rating to a “market perform” rating in a report on Friday.

Insider Transactions at BrightSpire Capital

In other news, insider David A. Palame sold 50,000 shares of BrightSpire Capital stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $6.76, for a total transaction of $338,000.00. Following the completion of the sale, the insider now directly owns 347,832 shares of the company’s stock, valued at approximately $2,351,344.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.91% of the company’s stock.

BrightSpire Capital Price Performance

NYSE:BRSP opened at $6.14 on Tuesday. BrightSpire Capital, Inc. has a 52-week low of $5.20 and a 52-week high of $8.01. The stock has a fifty day moving average of $6.59 and a 200 day moving average of $6.77. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.48 and a current ratio of 0.48. The firm has a market capitalization of $802.11 million, a price-to-earnings ratio of -11.16 and a beta of 1.89.

BrightSpire Capital (NYSE:BRSP) last issued its quarterly earnings results on Wednesday, May 1st. The company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.02). The business had revenue of $27.43 million for the quarter, compared to the consensus estimate of $28.64 million. BrightSpire Capital had a negative net margin of 33.20% and a positive return on equity of 9.36%. During the same quarter last year, the business posted $0.26 EPS. On average, research analysts expect that BrightSpire Capital, Inc. will post 0.9 EPS for the current fiscal year.

BrightSpire Capital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were paid a $0.20 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.80 dividend on an annualized basis and a yield of 13.03%. BrightSpire Capital’s dividend payout ratio is presently -145.45%.

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.