Dfpg Investments LLC reduced its position in shares of BrightSpire Capital, Inc. (NYSE:BRSP – Free Report) by 11.5% in the 4th quarter, HoldingsChannel reports. The firm owned 25,652 shares of the company’s stock after selling 3,348 shares during the period. Dfpg Investments LLC’s holdings in BrightSpire Capital were worth $185,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also recently added to or reduced their stakes in BRSP. Wolf Hill Capital Management LP purchased a new position in BrightSpire Capital during the first quarter worth about $16,207,000. Vanguard Group Inc. increased its holdings in BrightSpire Capital by 39.2% in the third quarter. Vanguard Group Inc. now owns 8,820,067 shares of the company’s stock valued at $55,654,000 after buying an additional 2,485,731 shares in the last quarter. BlackRock Inc. increased its holdings in BrightSpire Capital by 29.1% in the second quarter. BlackRock Inc. now owns 10,680,533 shares of the company’s stock valued at $71,880,000 after buying an additional 2,408,895 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in BrightSpire Capital by 757.2% in the second quarter. Goldman Sachs Group Inc. now owns 1,524,383 shares of the company’s stock valued at $11,509,000 after buying an additional 1,346,560 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings in BrightSpire Capital by 3,187.8% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,187,278 shares of the company’s stock valued at $7,990,000 after buying an additional 1,151,166 shares in the last quarter. 57.63% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
BRSP has been the subject of a number of research analyst reports. Bank of America cut shares of BrightSpire Capital from a “neutral” rating to an “underperform” rating and set a $6.50 target price for the company. in a report on Monday, March 4th. Barclays raised their price objective on shares of BrightSpire Capital from $6.00 to $8.00 and gave the stock an “equal weight” rating in a research note on Monday, January 22nd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $7.67.
Read Our Latest Stock Analysis on BrightSpire Capital
BrightSpire Capital Stock Down 1.4 %
Shares of NYSE BRSP opened at $6.89 on Friday. BrightSpire Capital, Inc. has a 1 year low of $5.20 and a 1 year high of $8.01. The firm’s 50 day moving average price is $6.93 and its 200 day moving average price is $6.75. The firm has a market cap of $894.98 million, a P/E ratio of -52.96 and a beta of 1.88. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.55 and a current ratio of 0.55.
BrightSpire Capital Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Friday, March 29th will be given a dividend of $0.20 per share. The ex-dividend date is Wednesday, March 27th. This represents a $0.80 dividend on an annualized basis and a yield of 11.62%. BrightSpire Capital’s dividend payout ratio (DPR) is currently -615.38%.
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.
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