Balyasny Asset Management L.P. Has $6.39 Million Stock Position in BrightSpire Capital, Inc. (NYSE:BRSP)

Balyasny Asset Management L.P. grew its position in shares of BrightSpire Capital, Inc. (NYSE:BRSP - Free Report) by 16.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 1,132,234 shares of the company's stock after purchasing an additional 163,790 shares during the quarter. Balyasny Asset Management L.P. owned 0.87% of BrightSpire Capital worth $6,386,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of the stock. Bank of America Corp DE lifted its stake in BrightSpire Capital by 56.0% in the 4th quarter. Bank of America Corp DE now owns 158,229 shares of the company's stock worth $892,000 after acquiring an additional 56,787 shares in the last quarter. BNP Paribas Financial Markets acquired a new position in BrightSpire Capital in the 4th quarter worth about $156,000. Ameriprise Financial Inc. increased its position in BrightSpire Capital by 26.6% in the 4th quarter. Ameriprise Financial Inc. now owns 160,788 shares of the company's stock worth $907,000 after purchasing an additional 33,819 shares during the last quarter. Algert Global LLC acquired a new position in BrightSpire Capital in the 4th quarter worth about $135,000. Finally, Almitas Capital LLC bought a new stake in shares of BrightSpire Capital during the 4th quarter worth about $2,010,000. 56.57% of the stock is currently owned by institutional investors and hedge funds.

BrightSpire Capital Price Performance

Shares of BRSP traded up $0.02 during mid-day trading on Tuesday, reaching $5.37. The company had a trading volume of 338,102 shares, compared to its average volume of 756,807. BrightSpire Capital, Inc. has a twelve month low of $4.16 and a twelve month high of $6.71. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.70 and a quick ratio of 0.73. The company's 50-day moving average is $5.24 and its 200-day moving average is $5.71. The company has a market capitalization of $700.58 million, a P/E ratio of -5.11 and a beta of 1.53.

BrightSpire Capital (NYSE:BRSP - Get Free Report) last issued its earnings results 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 company 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. On average, equities analysts anticipate that BrightSpire Capital, Inc. will post 0.67 EPS for the current year.

BrightSpire Capital Announces Dividend

The firm 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 of this dividend was Monday, March 31st. This represents a $0.64 dividend on an annualized basis and a yield of 11.92%. BrightSpire Capital's dividend payout ratio is -114.29%.

Analyst Ratings Changes

BRSP has been the subject of several recent analyst reports. JMP Securities decreased their price target on BrightSpire Capital from $7.50 to $6.50 and set a "market outperform" rating for the company in a research note on Tuesday, April 22nd. Alliance Global Partners restated a "buy" rating on shares of BrightSpire Capital in a research note on Wednesday, April 30th. Jones Trading restated a "buy" rating and set a $6.50 target price on shares of BrightSpire Capital in a research note on Wednesday, April 30th. Finally, Industrial Alliance Securities set a $6.50 target price on BrightSpire Capital in a research note on Wednesday, April 30th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, BrightSpire Capital currently has an average rating of "Moderate Buy" and an average target price of $7.15.

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.