Nomura Holdings Inc. Takes Position in BrightSpire Capital, Inc. $BRSP

Key Points

• Nomura Holdings Inc. acquired 3,252,703 shares of BrightSpire Capital, Inc., valued at approximately $18,085,000, representing a 2.49% ownership stake in the company.
• BrightSpire Capital recently announced a quarterly dividend of $0.16 per share, with an annualized yield of 11.0% despite having a negative payout ratio of -290.91%.
• Research analysts have a consensus rating of "Moderate Buy" for BrightSpire Capital, with price targets ranging from $5.00 to $6.50 from various institutions.

Nomura Holdings Inc. acquired a new stake in BrightSpire Capital, Inc. (NYSE:BRSP - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 3,252,703 shares of the company's stock, valued at approximately $18,085,000. Nomura Holdings Inc. owned approximately 2.49% of BrightSpire Capital as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Ameriflex Group Inc. bought a new position in shares of BrightSpire Capital in the 4th quarter valued at approximately $37,000. Brevan Howard Capital Management LP bought a new position in shares of BrightSpire Capital in the 4th quarter valued at approximately $57,000. Aigen Investment Management LP bought a new position in shares of BrightSpire Capital in the 1st quarter valued at approximately $57,000. M&T Bank Corp bought a new position in shares of BrightSpire Capital in the 1st quarter valued at approximately $62,000. Finally, Arkadios Wealth Advisors bought a new position in shares of BrightSpire Capital in the 1st quarter valued at approximately $65,000. 56.57% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on BRSP. Barclays restated an "underweight" rating and set a $5.00 target price (down previously from $7.00) on shares of BrightSpire Capital in a research note on Tuesday, July 8th. Jones Trading restated a "buy" rating and set a $6.50 target price on shares of BrightSpire Capital in a research note on Wednesday, July 30th. Four research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $6.79.

BrightSpire Capital Price Performance

Shares of NYSE BRSP traded up $0.05 during trading on Friday, reaching $5.95. The company had a trading volume of 626,587 shares, compared to its average volume of 587,177. BrightSpire Capital, Inc. has a 52 week low of $4.16 and a 52 week high of $6.45. The stock has a market cap of $772.79 million, a PE ratio of -27.02 and a beta of 1.61. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.54 and a current ratio of 0.54. The business's 50 day moving average price is $5.34 and its 200-day moving average price is $5.33.

BrightSpire Capital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 14th. Stockholders of record on Monday, June 30th were paid a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 10.8%. The ex-dividend date of this dividend was Monday, June 30th. BrightSpire Capital's dividend payout ratio (DPR) is -290.91%.

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.