Raymond James Financial Inc. Acquires Shares of 55,785 BrightSpire Capital, Inc. (NYSE:BRSP)

Raymond James Financial Inc. bought a new stake in BrightSpire Capital, Inc. (NYSE:BRSP) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 55,785 shares of the company’s stock, valued at approximately $315,000.

Several other institutional investors and hedge funds also recently made changes to their positions in BRSP. Winthrop Advisory Group LLC bought a new stake in BrightSpire Capital in the fourth quarter valued at about $61,000. Fermata Advisors LLC acquired a new position in shares of BrightSpire Capital in the 4th quarter worth approximately $65,000. Cibc World Markets Corp bought a new stake in shares of BrightSpire Capital in the 4th quarter valued at approximately $68,000. Atria Wealth Solutions Inc. acquired a new stake in shares of BrightSpire Capital during the 4th quarter valued at approximately $72,000. Finally, Magnetar Financial LLC acquired a new position in BrightSpire Capital in the fourth quarter worth $83,000. 56.57% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on BRSP shares. Industrial Alliance Securities set a $6.50 target price on shares of BrightSpire Capital in a report on Wednesday, April 30th. Alliance Global Partners reiterated a “buy” rating on shares of BrightSpire Capital in a research note on Wednesday, April 30th. Jones Trading restated a “buy” rating and issued a $6.50 target price on shares of BrightSpire Capital in a research note on Wednesday, April 30th. Finally, JMP Securities dropped their price target on BrightSpire Capital from $7.50 to $6.50 and set a “market outperform” rating on the stock in a research report on Tuesday, April 22nd. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $7.15.

BrightSpire Capital Trading Down 0.4 %

Shares of NYSE:BRSP opened at $5.19 on Friday. The company has a quick ratio of 0.73, a current ratio of 0.70 and a debt-to-equity ratio of 1.79. The company’s 50-day moving average price is $5.25 and its 200 day moving average price is $5.71. The company has a market cap of $677.10 million, a PE ratio of -4.94 and a beta of 1.53. BrightSpire Capital, Inc. has a fifty-two week low of $4.16 and a fifty-two week high of $6.71.

BrightSpire Capital (NYSE:BRSP) last released its quarterly 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 business had revenue of $17.46 million for the quarter, compared to the consensus estimate 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 period last year, the firm posted $0.28 EPS. Sell-side analysts anticipate that BrightSpire Capital, Inc. will post 0.67 earnings per share for the current year.

BrightSpire Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.64 dividend on an annualized basis and a yield of 12.33%. BrightSpire Capital’s dividend payout ratio (DPR) is presently -114.29%.

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.