BrightSpire Capital, Inc. (NYSE:BRSP) Stock Holdings Boosted by Bank of New York Mellon Corp

Bank of New York Mellon Corp lifted its position in shares of BrightSpire Capital, Inc. (NYSE:BRSP) by 0.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 357,844 shares of the company’s stock after acquiring an additional 2,798 shares during the period. Bank of New York Mellon Corp’s holdings in BrightSpire Capital were worth $2,018,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Barclays PLC grew its position in BrightSpire Capital by 329.1% in the 3rd quarter. Barclays PLC now owns 198,351 shares of the company’s stock valued at $1,110,000 after buying an additional 152,131 shares in the last quarter. Jane Street Group LLC grew its position in BrightSpire Capital by 19.7% in the 3rd quarter. Jane Street Group LLC now owns 193,470 shares of the company’s stock valued at $1,083,000 after buying an additional 31,865 shares in the last quarter. Geode Capital Management LLC grew its position in BrightSpire Capital by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 3,082,637 shares of the company’s stock valued at $17,267,000 after buying an additional 14,606 shares in the last quarter. Atria Investments Inc grew its position in BrightSpire Capital by 34.5% in the 3rd quarter. Atria Investments Inc now owns 30,338 shares of the company’s stock valued at $170,000 after buying an additional 7,779 shares in the last quarter. Finally, Atria Wealth Solutions Inc. bought a new position in BrightSpire Capital in the 4th quarter valued at about $72,000. Institutional investors own 56.57% of the company’s stock.

BrightSpire Capital Price Performance

Shares of NYSE BRSP opened at $5.89 on Friday. BrightSpire Capital, Inc. has a twelve month low of $5.07 and a twelve month high of $7.02. The company has a current ratio of 0.70, a quick ratio of 0.73 and a debt-to-equity ratio of 1.79. The company has a market capitalization of $763.97 million, a price-to-earnings ratio of -5.61 and a beta of 1.98. The firm has a 50-day moving average of $5.87 and a two-hundred day moving average of $5.88.

BrightSpire Capital (NYSE:BRSP) last issued its quarterly earnings results on Tuesday, February 18th. The company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.03). BrightSpire Capital had a negative net margin of 79.23% and a positive return on equity of 8.82%. The business had revenue of $17.46 million during the quarter, compared to analyst estimates of $65.81 million. During the same period in the previous year, the company posted $0.28 earnings per share. As a group, analysts expect that BrightSpire Capital, Inc. will post 0.67 earnings per share for the current fiscal year.

BrightSpire Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 10.86%. The ex-dividend date of this dividend is Monday, March 31st. BrightSpire Capital’s dividend payout ratio is presently -60.95%.

Analyst Upgrades and Downgrades

BRSP has been the subject of a number of recent analyst reports. B. Riley decreased their target price on shares of BrightSpire Capital from $10.00 to $9.00 and set a “buy” rating for the company in a research report on Tuesday, January 7th. Alliance Global Partners initiated coverage on shares of BrightSpire Capital in a research report on Friday, January 17th. They issued a “buy” rating and a $7.25 target price for the company. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $7.69.

About BrightSpire Capital

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.