Vanguard Group Inc. Sells 79,722 Shares of BrightSpire Capital, Inc. (NYSE:BRSP)

Vanguard Group Inc. reduced its position in shares of BrightSpire Capital, Inc. (NYSE:BRSP) by 0.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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 approximately 0.10% of BrightSpire Capital worth $73,017,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BRSP. Jane Street Group LLC raised its holdings in shares of BrightSpire Capital by 19.7% during the 3rd quarter. Jane Street Group LLC now owns 193,470 shares of the company’s stock worth $1,083,000 after buying an additional 31,865 shares in the last quarter. Y Intercept Hong Kong Ltd raised its stake in BrightSpire Capital by 27.2% during the third quarter. Y Intercept Hong Kong Ltd now owns 170,967 shares of the company’s stock worth $957,000 after acquiring an additional 36,579 shares in the last quarter. Barclays PLC raised its stake in 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 acquiring an additional 152,131 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of BrightSpire Capital by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 3,082,637 shares of the company’s stock valued at $17,267,000 after purchasing an additional 14,606 shares in the last quarter. Finally, Garden State Investment Advisory Services LLC acquired a new stake in shares of BrightSpire Capital in the 3rd quarter valued at approximately $75,000. 56.57% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Alliance Global Partners assumed coverage on shares of BrightSpire Capital in a research report on Friday, January 17th. They set a “buy” rating and a $7.25 target price on the stock. B. Riley reduced their price objective on shares of BrightSpire Capital from $10.00 to $9.00 and set a “buy” rating on the stock in a research note on Tuesday, January 7th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $7.69.

BrightSpire Capital Trading Down 6.2 %

Shares of BrightSpire Capital stock opened at $4.45 on Friday. The stock has a market capitalization of $580.77 million, a PE ratio of -4.23 and a beta of 1.54. BrightSpire Capital, Inc. has a 52 week low of $4.27 and a 52 week high of $6.71. The stock has a 50 day moving average price of $5.73 and a two-hundred day moving average price of $5.81. 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) last posted its quarterly 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 negative net margin of 79.23% and a positive return on equity of 8.82%. The business had revenue of $17.46 million during the quarter, compared to analyst estimates of $65.81 million. During the same period in the previous year, the business posted $0.28 EPS. As a group, equities analysts anticipate that BrightSpire Capital, Inc. will post 0.67 earnings per share for the current fiscal year.

BrightSpire Capital Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $0.16 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.64 dividend on an annualized basis and a dividend yield of 14.40%. BrightSpire Capital’s dividend payout ratio is presently -60.95%.

BrightSpire Capital Company 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.