BrightSpire Capital, Inc. $BRSP Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. reduced its position in shares of BrightSpire Capital, Inc. (NYSE:BRSP) by 1.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,027,049 shares of the company’s stock after selling 234,693 shares during the period. Vanguard Group Inc. owned about 9.27% of BrightSpire Capital worth $67,351,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Private Management Group Inc. lifted its position in shares of BrightSpire Capital by 0.5% during the third quarter. Private Management Group Inc. now owns 4,843,066 shares of the company’s stock worth $26,298,000 after purchasing an additional 24,572 shares in the last quarter. North Ground Capital lifted its position in shares of BrightSpire Capital by 90.5% during the third quarter. North Ground Capital now owns 2,520,000 shares of the company’s stock worth $13,684,000 after purchasing an additional 1,197,000 shares in the last quarter. Punch & Associates Investment Management Inc. lifted its position in shares of BrightSpire Capital by 13.8% during the third quarter. Punch & Associates Investment Management Inc. now owns 2,335,970 shares of the company’s stock worth $12,684,000 after purchasing an additional 284,046 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of BrightSpire Capital by 7.5% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,295,502 shares of the company’s stock worth $12,465,000 after purchasing an additional 159,705 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in shares of BrightSpire Capital by 2.4% during the first quarter. Goldman Sachs Group Inc. now owns 2,011,455 shares of the company’s stock worth $11,184,000 after purchasing an additional 46,749 shares in the last quarter. 56.57% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on BRSP shares. JonesTrading restated a “buy” rating and issued a $6.50 price target on shares of BrightSpire Capital in a research note on Wednesday, February 18th. BTIG Research upgraded shares of BrightSpire Capital from a “neutral” rating to a “buy” rating and set a $7.00 price target for the company in a research note on Wednesday, April 22nd. Barclays lifted their price target on shares of BrightSpire Capital from $5.00 to $6.00 and gave the stock an “underweight” rating in a research note on Thursday, February 19th. Finally, Weiss Ratings upgraded shares of BrightSpire Capital from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, May 4th. Four equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, BrightSpire Capital currently has a consensus rating of “Moderate Buy” and an average price target of $6.75.

BrightSpire Capital Stock Performance

Shares of BRSP opened at $5.77 on Friday. BrightSpire Capital, Inc. has a 1 year low of $4.84 and a 1 year high of $6.16. The company has a market cap of $751.96 million, a price-to-earnings ratio of -21.38, a price-to-earnings-growth ratio of 2.16 and a beta of 1.31. The company has a debt-to-equity ratio of 2.40, a quick ratio of 0.51 and a current ratio of 0.51. The firm has a fifty day moving average of $5.77 and a 200-day moving average of $5.74.

BrightSpire Capital (NYSE:BRSP) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.01). BrightSpire Capital had a negative net margin of 24.16% and a positive return on equity of 7.46%. The firm had revenue of $51.75 million for the quarter, compared to analyst estimates of $63.12 million. As a group, equities analysts anticipate that BrightSpire Capital, Inc. will post 0.55 earnings per share for the current year.

BrightSpire Capital Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were issued a dividend of $0.16 per share. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $0.64 annualized dividend and a dividend yield of 11.1%. BrightSpire Capital’s payout ratio is -237.04%.

About BrightSpire Capital

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.