Private Advisor Group LLC Lowers Position in BrightSpire Capital, Inc. (NYSE:BRSP)

Private Advisor Group LLC lowered its stake in shares of BrightSpire Capital, Inc. (NYSE:BRSP) by 1.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 547,953 shares of the company’s stock after selling 9,685 shares during the period. Private Advisor Group LLC’s holdings in BrightSpire Capital were worth $3,090,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Avior Wealth Management LLC increased its holdings in shares of BrightSpire Capital by 363.1% during the 3rd quarter. Avior Wealth Management LLC now owns 9,266 shares of the company’s stock worth $52,000 after buying an additional 7,265 shares during the last quarter. Winthrop Advisory Group LLC purchased a new stake in BrightSpire Capital during the fourth quarter valued at about $61,000. Fermata Advisors LLC acquired a new stake in BrightSpire Capital during the fourth quarter worth about $65,000. Atria Wealth Solutions Inc. purchased a new position in shares of BrightSpire Capital in the 4th quarter worth about $72,000. Finally, Garden State Investment Advisory Services LLC purchased a new position in BrightSpire Capital in the third quarter valued at approximately $75,000. Hedge funds and other institutional investors own 56.57% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on BRSP shares. Alliance Global Partners assumed coverage on BrightSpire Capital in a report on Friday, January 17th. They issued a “buy” rating and a $7.25 price target for the company. B. Riley dropped their target price on BrightSpire Capital from $10.00 to $9.00 and set a “buy” rating on the stock in a report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, BrightSpire Capital presently has an average rating of “Hold” and an average target price of $7.45.

BrightSpire Capital Price Performance

BRSP opened at $6.08 on Tuesday. The company has a quick ratio of 0.73, a current ratio of 0.70 and a debt-to-equity ratio of 1.79. The company’s 50-day moving average price is $5.78 and its 200 day moving average price is $5.83. The firm has a market cap of $787.81 million, a price-to-earnings ratio of -5.79 and a beta of 1.88. BrightSpire Capital, Inc. has a fifty-two week low of $5.07 and a fifty-two week high of $7.04.

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

BrightSpire Capital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.16 per share. The ex-dividend date was Tuesday, December 31st. This represents a $0.64 dividend on an annualized basis and a dividend yield of 10.53%. BrightSpire Capital’s dividend payout ratio (DPR) is presently -60.95%.

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.