North Ground Capital Grows Stake in BrightSpire Capital, Inc. $BRSP

North Ground Capital lifted its holdings in shares of BrightSpire Capital, Inc. (NYSE:BRSP) by 90.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,520,000 shares of the company’s stock after buying an additional 1,197,000 shares during the period. BrightSpire Capital makes up about 8.5% of North Ground Capital’s investment portfolio, making the stock its largest holding. North Ground Capital owned about 1.94% of BrightSpire Capital worth $13,684,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Jane Street Group LLC boosted its position in BrightSpire Capital by 257.9% during the 1st quarter. Jane Street Group LLC now owns 286,724 shares of the company’s stock worth $1,594,000 after acquiring an additional 206,610 shares during the period. Waterfall Asset Management LLC acquired a new stake in BrightSpire Capital in the second quarter worth about $999,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in BrightSpire Capital by 9.5% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,135,797 shares of the company’s stock valued at $10,786,000 after buying an additional 185,431 shares in the last quarter. Nomura Holdings Inc. increased its stake in BrightSpire Capital by 5.1% during the 2nd quarter. Nomura Holdings Inc. now owns 3,418,495 shares of the company’s stock valued at $17,263,000 after buying an additional 165,792 shares during the period. Finally, Allianz Asset Management GmbH bought a new stake in shares of BrightSpire Capital during the 2nd quarter worth about $466,000. 56.57% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently issued reports on BRSP shares. Citigroup reiterated a “market outperform” rating on shares of BrightSpire Capital in a report on Thursday, October 30th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of BrightSpire Capital in a research note on Monday, December 29th. Finally, B. Riley began coverage on BrightSpire Capital in a research note on Monday, January 5th. They issued a “buy” rating and a $7.50 price objective on the stock. Five equities research analysts have rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $6.40.

BrightSpire Capital Trading Down 0.1%

BrightSpire Capital stock opened at $5.96 on Monday. The firm has a market cap of $772.54 million, a price-to-earnings ratio of -19.85 and a beta of 1.38. BrightSpire Capital, Inc. has a 1 year low of $4.16 and a 1 year high of $6.32. The firm’s 50 day moving average price is $5.72 and its two-hundred day moving average price is $5.51. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.55 and a current ratio of 0.55.

BrightSpire Capital (NYSE:BRSP) last released its quarterly earnings data on Tuesday, October 28th. The company reported $0.16 earnings per share for the quarter, hitting the consensus estimate of $0.16. The business had revenue of $35.05 million during the quarter, compared to analyst estimates of $84.43 million. BrightSpire Capital had a positive return on equity of 7.51% and a negative net margin of 26.91%. On average, research analysts predict that BrightSpire Capital, Inc. will post 0.67 EPS for the current fiscal year.

BrightSpire Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 10.7%. The ex-dividend date was Wednesday, December 31st. BrightSpire Capital’s payout ratio is presently -213.33%.

BrightSpire Capital Company Profile

BrightSpire Capital Inc (NYSE: BRSP) is a real estate investment trust (REIT) specializing in commercial real estate debt. The company primarily originates, acquires and manages a diversified portfolio of mortgage loans, mezzanine loans and preferred equity investments secured by office, retail, industrial, multifamily and hospitality assets across the United States. By focusing on income-producing credit instruments, BrightSpire seeks to deliver attractive risk-adjusted returns to its shareholders through regular dividend distributions.

BrightSpire’s investment strategy spans the capital structure of commercial real estate, with an emphasis on senior mortgages that offer more stable cash flows and downside protection.