Almitas Capital LLC Takes Position in BrightSpire Capital, Inc. (NYSE:BRSP)

Almitas Capital LLC acquired a new position in BrightSpire Capital, Inc. (NYSE:BRSP - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 356,322 shares of the company's stock, valued at approximately $2,010,000. Almitas Capital LLC owned approximately 0.27% of BrightSpire Capital at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Winthrop Advisory Group LLC purchased a new position in BrightSpire Capital in the 4th quarter worth about $61,000. Dark Forest Capital Management LP bought a new stake in BrightSpire Capital in the fourth quarter valued at about $64,000. Fermata Advisors LLC bought a new position in BrightSpire Capital during the fourth quarter worth about $65,000. Cibc World Markets Corp acquired a new stake in BrightSpire Capital in the 4th quarter valued at $68,000. Finally, Atria Wealth Solutions Inc. acquired a new position in BrightSpire Capital during the fourth quarter worth $72,000. 56.57% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on BRSP. JMP Securities decreased their target price on BrightSpire Capital from $7.50 to $6.50 and set a "market outperform" rating on the stock in a report on Tuesday, April 22nd. Jones Trading reissued a "buy" rating and set a $6.50 price objective on shares of BrightSpire Capital in a report on Wednesday, April 30th. B. Riley cut their price target 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. Alliance Global Partners reaffirmed a "buy" rating on shares of BrightSpire Capital in a research note on Wednesday, April 30th. Finally, Industrial Alliance Securities set a $6.50 price target on BrightSpire Capital in a research report on Wednesday, April 30th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $7.15.

BrightSpire Capital Stock Performance

Shares of BrightSpire Capital stock traded up $0.05 during trading on Wednesday, hitting $5.14. 129,241 shares of the stock were exchanged, compared to its average volume of 761,230. BrightSpire Capital, Inc. has a 1-year low of $4.16 and a 1-year high of $6.71. The stock has a market capitalization of $669.92 million, a price-to-earnings ratio of -4.89 and a beta of 1.53. The company has a fifty day moving average price of $5.31 and a 200-day moving average price of $5.71. The company has a current ratio of 0.70, a quick ratio of 0.73 and a debt-to-equity ratio of 1.79.

BrightSpire Capital (NYSE:BRSP - Get Free Report) last posted 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). The business had revenue of $17.46 million during the quarter, compared to the consensus estimate of $65.81 million. BrightSpire Capital had a negative net margin of 79.23% and a positive return on equity of 8.82%. During the same quarter last year, the company posted $0.28 EPS. As a group, equities analysts predict that BrightSpire Capital, Inc. will post 0.67 EPS for the current fiscal year.

BrightSpire Capital Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a dividend of $0.16 per share. The ex-dividend date was Monday, March 31st. This represents a $0.64 annualized dividend and a yield of 12.46%. BrightSpire Capital's payout ratio is currently -114.29%.

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.