MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Decreases Stock Position in BrightSpire Capital, Inc. (NYSE:BRSP)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. cut its position in shares of BrightSpire Capital, Inc. (NYSE:BRSP - Free Report) by 38.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,581,952 shares of the company's stock after selling 993,569 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 1.22% of BrightSpire Capital worth $8,922,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Atria Wealth Solutions Inc. purchased a new stake in shares of BrightSpire Capital during the fourth quarter worth about $72,000. Raymond James Financial Inc. purchased a new stake in shares of BrightSpire Capital during the fourth quarter worth about $315,000. J.W. Cole Advisors Inc. grew its holdings in shares of BrightSpire Capital by 46.1% during the fourth 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 in the last quarter. Van ECK Associates Corp grew its holdings in shares of BrightSpire Capital by 12.8% during the fourth quarter. Van ECK Associates Corp now owns 1,134,821 shares of the company's stock worth $6,400,000 after buying an additional 129,120 shares in the last quarter. Finally, Atria Investments Inc grew its holdings in shares of BrightSpire Capital by 18.2% during the fourth quarter. Atria Investments Inc now owns 35,869 shares of the company's stock worth $202,000 after buying an additional 5,531 shares in the last quarter. 56.57% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on BRSP. JMP Securities lowered their price target on shares of BrightSpire Capital from $7.50 to $6.50 and set a "market outperform" rating for the company in a report on Tuesday, April 22nd. Jones Trading restated a "buy" rating and issued a $6.50 target price on shares of BrightSpire Capital in a report on Wednesday, April 30th. Industrial Alliance Securities set a $6.50 target price on shares of BrightSpire Capital in a report on Wednesday, April 30th. Finally, Alliance Global Partners restated a "buy" rating on shares of BrightSpire Capital in a report on Wednesday, April 30th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, BrightSpire Capital has a consensus rating of "Moderate Buy" and a consensus target price of $7.15.

BrightSpire Capital Trading Down 0.1%

BrightSpire Capital stock traded down $0.01 during trading on Thursday, reaching $4.99. The company had a trading volume of 172,091 shares, compared to its average volume of 751,980. BrightSpire Capital, Inc. has a 12-month low of $4.16 and a 12-month high of $6.71. The stock's 50 day moving average price is $5.14 and its two-hundred day moving average price is $5.69. The firm has a market capitalization of $650.35 million, a price-to-earnings ratio of -4.75 and a beta of 1.53. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.73 and a current ratio of 0.70.

BrightSpire Capital (NYSE:BRSP - Get Free Report) last announced 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 for the quarter, compared to analyst estimates 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 period last year, the firm earned $0.28 earnings per share. As a group, equities analysts expect that BrightSpire Capital, Inc. will post 0.67 earnings per share for the current fiscal year.

BrightSpire Capital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were given 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 12.84%. BrightSpire Capital's dividend payout ratio (DPR) is -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.