MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. decreased its holdings in shares of BrightSpire Capital, Inc. (NYSE:BRSP - Free Report) by 38.6% during the fourth quarter, according to its most recent filing 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 period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 1.22% of BrightSpire Capital worth $8,922,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also recently added to or reduced their stakes in BRSP. CF Capital LLC acquired a new stake in BrightSpire Capital in the 4th quarter valued at $4,343,000. Gratia Capital LLC acquired a new stake in BrightSpire Capital in the 4th quarter valued at $3,384,000. Almitas Capital LLC acquired a new stake in BrightSpire Capital in the 4th quarter valued at $2,010,000. Balyasny Asset Management L.P. grew its stake in BrightSpire Capital by 16.9% in the 4th quarter. Balyasny Asset Management L.P. now owns 1,132,234 shares of the company's stock valued at $6,386,000 after acquiring an additional 163,790 shares during the period. Finally, Van ECK Associates Corp grew its stake in 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. Institutional investors and hedge funds own 56.57% of the company's stock.
BrightSpire Capital Trading Up 0.1%
Shares of BRSP stock opened at $5.40 on Friday. The stock's fifty day moving average is $5.19 and its two-hundred day moving average is $5.71. 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 firm has a market capitalization of $703.84 million, a P/E ratio of -5.14 and a beta of 1.53. BrightSpire Capital, Inc. has a fifty-two week low of $4.16 and a fifty-two week high of $6.71.
BrightSpire Capital (NYSE:BRSP - Get Free Report) last posted its quarterly earnings results on Tuesday, February 18th. The company reported $0.16 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts' expectations of $65.81 million. During the same quarter in the prior year, the firm earned $0.28 EPS. Research analysts expect that BrightSpire Capital, Inc. will post 0.67 earnings per share for the current fiscal year.
BrightSpire Capital Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders 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 dividend yield of 11.86%. BrightSpire Capital's dividend payout ratio is presently -114.29%.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently issued reports on the stock. Alliance Global Partners reissued a "buy" rating on shares of BrightSpire Capital in a research note on Wednesday, April 30th. Jones Trading restated a "buy" rating and issued a $6.50 price objective on shares of BrightSpire Capital in a report on Wednesday, April 30th. JMP Securities decreased their price objective 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. Finally, Industrial Alliance Securities set a $6.50 price objective on BrightSpire Capital in a report on Wednesday, April 30th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $7.15.
Get Our Latest Research Report on BrightSpire Capital
About BrightSpire Capital
(
Free Report)
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.
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