CF Capital LLC Acquires New Holdings in BrightSpire Capital, Inc. (NYSE:BRSP)

CF Capital LLC purchased a new stake in BrightSpire Capital, Inc. (NYSE:BRSP - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 770,000 shares of the company's stock, valued at approximately $4,343,000. BrightSpire Capital makes up 4.7% of CF Capital LLC's investment portfolio, making the stock its 7th largest holding. CF Capital LLC owned about 0.59% of BrightSpire Capital as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of BRSP. Barclays PLC raised its stake in shares of BrightSpire Capital by 329.1% during the 3rd quarter. Barclays PLC now owns 198,351 shares of the company's stock worth $1,110,000 after buying an additional 152,131 shares during the period. ORG Partners LLC raised its position in BrightSpire Capital by 221.9% during the fourth quarter. ORG Partners LLC now owns 30,619 shares of the company's stock worth $173,000 after acquiring an additional 21,108 shares during the period. Winthrop Advisory Group LLC purchased a new position in BrightSpire Capital during the fourth quarter valued at $61,000. Fermata Advisors LLC acquired a new stake in shares of BrightSpire Capital in the fourth quarter valued at about $65,000. Finally, Kingswood Wealth Advisors LLC purchased a new stake in shares of BrightSpire Capital during the fourth quarter worth about $163,000. Institutional investors and hedge funds own 56.57% of the company's stock.

Wall Street Analyst Weigh In

BRSP has been the topic of a number of research reports. Alliance Global Partners reaffirmed a "buy" rating on shares of BrightSpire Capital in a research note on Wednesday, April 30th. Jones Trading reaffirmed a "buy" rating and issued a $6.50 price target on shares of BrightSpire Capital in a research note on Wednesday, April 30th. JMP Securities dropped their price target on BrightSpire Capital from $7.50 to $6.50 and set a "market outperform" rating for the company in a research 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 investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, BrightSpire Capital currently has an average rating of "Moderate Buy" and an average target price of $7.15.

BrightSpire Capital Price Performance

Shares of NYSE:BRSP traded down $0.02 during midday trading on Friday, hitting $5.19. The company had a trading volume of 295,087 shares, compared to its average volume of 758,989. BrightSpire Capital, Inc. has a twelve month low of $4.16 and a twelve month high of $6.71. The stock has a market cap of $677.10 million, a price-to-earnings ratio of -4.94 and a beta of 1.53. 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 business's 50-day simple moving average is $5.25 and its 200-day simple moving average is $5.71.

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). The company had revenue of $17.46 million during the quarter, compared to analyst estimates of $65.81 million. BrightSpire Capital had a positive return on equity of 8.82% and a negative net margin of 79.23%. During the same period last year, the business earned $0.28 earnings per share. On average, research analysts predict that BrightSpire Capital, Inc. will post 0.67 earnings per share for the current year.

BrightSpire Capital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a $0.16 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.64 annualized dividend and a yield of 12.33%. BrightSpire Capital's payout ratio 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.