BrightSpire Capital, Inc. (NYSE:BRSP) Stock Holdings Trimmed by Integrated Advisors Network LLC

Integrated Advisors Network LLC lowered its holdings in shares of BrightSpire Capital, Inc. (NYSE:BRSP) by 15.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,226 shares of the company’s stock after selling 2,512 shares during the period. Integrated Advisors Network LLC’s holdings in BrightSpire Capital were worth $106,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in BRSP. Capstone Investment Advisors LLC acquired a new position in BrightSpire Capital in the 4th quarter valued at approximately $149,000. Founders Financial Alliance LLC raised its holdings in BrightSpire Capital by 59.3% in the 4th quarter. Founders Financial Alliance LLC now owns 37,724 shares of the company’s stock valued at $281,000 after acquiring an additional 14,048 shares in the last quarter. Quest Partners LLC acquired a new position in BrightSpire Capital in the 4th quarter valued at approximately $45,000. Norges Bank acquired a new position in BrightSpire Capital in the 4th quarter valued at approximately $6,726,000. Finally, Jump Financial LLC acquired a new position in BrightSpire Capital in the 4th quarter valued at approximately $764,000. Institutional investors own 56.57% of the company’s stock.

Analyst Upgrades and Downgrades

BRSP has been the subject of several recent research reports. Barclays cut their price target on BrightSpire Capital from $8.00 to $7.00 and set an “equal weight” rating for the company in a report on Thursday, May 2nd. Bank of America cut 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. Finally, Raymond James cut BrightSpire Capital from an “outperform” rating to a “market perform” rating in a report on Friday, May 3rd.

BrightSpire Capital Trading Down 0.3 %

Shares of BRSP opened at $5.94 on Thursday. BrightSpire Capital, Inc. has a 1 year low of $5.20 and a 1 year high of $8.01. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 1.63. The stock has a 50 day simple moving average of $6.12 and a 200-day simple moving average of $6.73. The stock has a market cap of $775.98 million, a PE ratio of -10.80 and a beta of 1.90.

BrightSpire Capital (NYSE:BRSP) last issued its earnings results on Wednesday, May 1st. The company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.02). BrightSpire Capital had a positive return on equity of 9.36% and a negative net margin of 33.20%. The company had revenue of $27.43 million during the quarter, compared to analyst estimates of $28.64 million. During the same period in the previous year, the company posted $0.26 earnings per share. On average, sell-side analysts predict that BrightSpire Capital, Inc. will post 0.82 EPS for the current fiscal year.

BrightSpire Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be issued a dividend of $0.20 per share. The ex-dividend date is Friday, June 28th. This represents a $0.80 dividend on an annualized basis and a yield of 13.47%. BrightSpire Capital’s dividend payout ratio is -145.45%.

Insider Activity at BrightSpire Capital

In related news, insider David A. Palame sold 50,000 shares of the firm’s stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $6.76, for a total transaction of $338,000.00. Following the completion of the sale, the insider now directly owns 347,832 shares of the company’s stock, valued at approximately $2,351,344.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.06% of the company’s stock.

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.