BrightSpire Capital, Inc. (NYSE:BRSP) Shares Acquired by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD increased its position in shares of BrightSpire Capital, Inc. (NYSE:BRSP) by 16.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 137,369 shares of the company’s stock after purchasing an additional 19,184 shares during the period. Price T Rowe Associates Inc. MD’s holdings in BrightSpire Capital were worth $775,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Winthrop Advisory Group LLC purchased a new stake in shares of BrightSpire Capital during the 4th quarter worth $61,000. Dark Forest Capital Management LP purchased a new stake in BrightSpire Capital during the fourth quarter worth about $64,000. Fermata Advisors LLC acquired a new position in BrightSpire Capital during the fourth quarter worth about $65,000. Cibc World Markets Corp purchased a new position in BrightSpire Capital in the fourth quarter valued at about $68,000. Finally, Atria Wealth Solutions Inc. acquired a new stake in shares of BrightSpire Capital during the 4th quarter valued at approximately $72,000. Institutional investors and hedge funds own 56.57% of the company’s stock.

Wall Street Analysts Forecast Growth

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

BrightSpire Capital Trading Down 0.4%

Shares of BrightSpire Capital stock opened at $5.19 on Monday. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.70 and a quick ratio of 0.73. BrightSpire Capital, Inc. has a 1 year low of $4.16 and a 1 year high of $6.71. The company has a market capitalization of $677.10 million, a P/E ratio of -4.94 and a beta of 1.53. The business has a 50 day moving average price of $5.25 and a 200 day moving average price of $5.71.

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 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 company had revenue of $17.46 million for the quarter, compared to analysts’ expectations of $65.81 million. During the same period in the previous year, the business posted $0.28 EPS. Sell-side analysts anticipate that BrightSpire Capital, Inc. will post 0.67 EPS for the current fiscal year.

BrightSpire Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 12.33%. The ex-dividend date of this dividend was Monday, March 31st. BrightSpire Capital’s payout ratio is -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.