Charles Schwab Investment Management Inc. Lowers Holdings in BrightSpire Capital, Inc. (NYSE:BRSP)

Charles Schwab Investment Management Inc. cut its holdings in BrightSpire Capital, Inc. (NYSE:BRSP) by 10.3% during the fourth quarter, Holdings Channel reports. The firm owned 1,241,797 shares of the company’s stock after selling 143,145 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in BrightSpire Capital were worth $7,004,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Avior Wealth Management LLC lifted its holdings in BrightSpire Capital by 363.1% in the 3rd quarter. Avior Wealth Management LLC now owns 9,266 shares of the company’s stock worth $52,000 after purchasing an additional 7,265 shares in the last quarter. Winthrop Advisory Group LLC purchased a new position in BrightSpire Capital in the 4th quarter worth approximately $61,000. Fermata Advisors LLC purchased a new position in BrightSpire Capital in the 4th quarter worth approximately $65,000. Atria Wealth Solutions Inc. purchased a new position in BrightSpire Capital in the 4th quarter worth approximately $72,000. Finally, Garden State Investment Advisory Services LLC purchased a new position in BrightSpire Capital in the 3rd quarter worth approximately $75,000. 56.57% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on BRSP shares. Alliance Global Partners started coverage on BrightSpire Capital in a report on Friday, January 17th. They issued a “buy” rating and a $7.25 price target on the stock. B. Riley reduced their price objective on BrightSpire Capital from $10.00 to $9.00 and set a “buy” rating on the stock in a research note on Tuesday, January 7th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, BrightSpire Capital has an average rating of “Moderate Buy” and a consensus target price of $7.69.

BrightSpire Capital Stock Performance

NYSE:BRSP opened at $5.89 on Monday. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.70 and a quick ratio of 0.73. BrightSpire Capital, Inc. has a 1 year low of $5.07 and a 1 year high of $7.02. The stock’s 50 day simple moving average is $5.87 and its two-hundred day simple moving average is $5.88. The company has a market cap of $763.97 million, a price-to-earnings ratio of -5.61 and a beta of 1.98.

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

BrightSpire Capital Announces Dividend

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

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.