BrightSpire Capital, Inc. (NYSE:BRSP) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. trimmed its stake in BrightSpire Capital, Inc. (NYSE:BRSP - Free Report) by 23.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,103,964 shares of the company's stock after selling 332,225 shares during the period. JPMorgan Chase & Co. owned about 0.85% of BrightSpire Capital worth $6,226,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in BRSP. Barclays PLC raised its stake in shares of 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 acquiring an additional 152,131 shares during the period. Van ECK Associates Corp raised its stake in shares of BrightSpire Capital by 12.8% in the 4th quarter. Van ECK Associates Corp now owns 1,134,821 shares of the company's stock valued at $6,400,000 after acquiring an additional 129,120 shares during the period. Private Management Group Inc. raised its stake in shares of BrightSpire Capital by 1.3% in the 4th quarter. Private Management Group Inc. now owns 4,632,732 shares of the company's stock valued at $26,129,000 after acquiring an additional 57,759 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of BrightSpire Capital in the 4th quarter valued at approximately $315,000. Finally, J.W. Cole Advisors Inc. increased its stake in BrightSpire Capital by 46.1% during the 4th quarter. J.W. Cole Advisors Inc. now owns 157,857 shares of the company's stock worth $890,000 after buying an additional 49,834 shares during the period. 56.57% of the stock is owned by hedge funds and other institutional investors.

BrightSpire Capital Stock Up 2.4 %

Shares of NYSE:BRSP traded up $0.11 during trading hours on Wednesday, reaching $4.74. The stock had a trading volume of 48,998 shares, compared to its average volume of 763,922. BrightSpire Capital, Inc. has a 1 year low of $4.16 and a 1 year high of $6.71. The firm's 50 day moving average is $5.53 and its 200-day moving average is $5.74. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.73 and a current ratio of 0.70. The stock has a market capitalization of $619.32 million, a price-to-earnings ratio of -4.51 and a beta of 1.54.

BrightSpire Capital (NYSE:BRSP - Get Free Report) last announced 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). BrightSpire Capital had a negative net margin of 79.23% and a positive return on equity of 8.82%. The firm had revenue of $17.46 million during the quarter, compared to analysts' expectations of $65.81 million. During the same period in the prior year, the company posted $0.28 earnings per share. Research analysts predict that BrightSpire Capital, Inc. will post 0.67 earnings per share for the current fiscal year.

BrightSpire Capital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 13.50%. The ex-dividend date was Monday, March 31st. BrightSpire Capital's payout ratio is -60.95%.

Analyst Upgrades and Downgrades

BRSP has been the topic of several recent research reports. Jones Trading cut their target price on shares of BrightSpire Capital from $7.25 to $6.50 and set a "buy" rating on the stock in a research note on Thursday, April 17th. JMP Securities cut their target price on shares of BrightSpire Capital from $7.50 to $6.50 and set a "market outperform" rating on the stock in a research note on Tuesday. B. Riley cut their target price on shares of BrightSpire Capital from $10.00 to $9.00 and set a "buy" rating on the stock in a research note on Tuesday, January 7th. Finally, Alliance Global Partners initiated coverage on shares of BrightSpire Capital in a research note on Friday, January 17th. They set a "buy" rating and a $7.25 target price on the stock. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $7.25.

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.