Cambridge Investment Research Advisors Inc. Sells 2,916 Shares of BrightSpire Capital, Inc. (NYSE:BRSP)

Cambridge Investment Research Advisors Inc. cut its position in BrightSpire Capital, Inc. (NYSE:BRSP) by 0.7% in the first quarter, HoldingsChannel.com reports. The firm owned 423,222 shares of the company’s stock after selling 2,916 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in BrightSpire Capital were worth $2,353,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. CF Capital LLC purchased a new stake in BrightSpire Capital in the 4th quarter worth $4,343,000. Gratia Capital LLC bought a new stake in BrightSpire Capital during the 4th quarter valued at approximately $3,384,000. Almitas Capital LLC purchased a new position in BrightSpire Capital in the 4th quarter worth approximately $2,010,000. Balyasny Asset Management L.P. boosted its stake in BrightSpire Capital by 16.9% in the 4th quarter. Balyasny Asset Management L.P. now owns 1,132,234 shares of the company’s stock worth $6,386,000 after purchasing an additional 163,790 shares during the period. Finally, Greenland Capital Management LP grew its holdings in BrightSpire Capital by 11.5% during the 4th quarter. Greenland Capital Management LP now owns 1,070,000 shares of the company’s stock valued at $6,035,000 after buying an additional 110,000 shares in the last quarter. Hedge funds and other institutional investors own 56.57% of the company’s stock.

BrightSpire Capital Trading Down 3.2%

Shares of NYSE:BRSP opened at $5.07 on Tuesday. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.46 and a quick ratio of 0.46. The firm has a market capitalization of $661.43 million, a P/E ratio of -9.05 and a beta of 1.51. The business’s 50-day moving average is $5.14 and its 200 day moving average is $5.47. BrightSpire Capital, Inc. has a 1 year low of $4.16 and a 1 year high of $6.71.

BrightSpire Capital Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 14th. Shareholders of record on Monday, June 30th will be issued a $0.16 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 12.62%. BrightSpire Capital’s dividend payout ratio is currently -114.29%.

Analyst Upgrades and Downgrades

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

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.