SG Americas Securities LLC Buys New Shares in BrightSpire Capital, Inc. (NYSE:BRSP)

SG Americas Securities LLC bought a new position in shares of BrightSpire Capital, Inc. (NYSE:BRSP) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 28,850 shares of the company’s stock, valued at approximately $162,000.

Other institutional investors also recently modified their holdings of the company. Allspring Global Investments Holdings LLC boosted its stake in BrightSpire Capital by 2,407.1% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 5,992 shares of the company’s stock worth $41,000 after purchasing an additional 5,753 shares during the period. EverSource Wealth Advisors LLC raised its position in BrightSpire Capital by 5,602.8% during the second quarter. EverSource Wealth Advisors LLC now owns 10,265 shares of the company’s stock valued at $59,000 after buying an additional 10,085 shares during the period. Founders Financial Securities LLC purchased a new stake in BrightSpire Capital in the 2nd quarter worth about $62,000. RFG Advisory LLC purchased a new stake in BrightSpire Capital in the 2nd quarter worth about $68,000. Finally, Oak Thistle LLC acquired a new stake in BrightSpire Capital during the 2nd quarter worth about $68,000. Institutional investors own 56.57% of the company’s stock.

BrightSpire Capital Stock Up 0.8 %

BRSP opened at $5.37 on Friday. The company has a market capitalization of $701.52 million, a PE ratio of -9.71 and a beta of 1.89. The business has a 50-day moving average of $5.68 and a 200-day moving average of $5.92. BrightSpire Capital, Inc. has a fifty-two week low of $5.07 and a fifty-two week high of $8.01. The company has a debt-to-equity ratio of 1.69, a current ratio of 0.46 and a quick ratio of 0.46.

BrightSpire Capital Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 11.92%. The ex-dividend date was Monday, September 30th. BrightSpire Capital’s dividend payout ratio (DPR) is presently -116.36%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. JMP Securities reissued a “market outperform” rating and issued a $7.50 price target on shares of BrightSpire Capital in a research report on Thursday, September 19th. BTIG Research reiterated a “neutral” rating on shares of BrightSpire Capital in a research note on Friday, July 19th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $7.00.

BrightSpire Capital 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.