3,252,703 Shares in BrightSpire Capital, Inc. $BRSP Acquired by Nomura Holdings Inc.

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 position in BrightSpire Capital, Inc. (NYSE:BRSP - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 3,252,703 shares of the company's stock, valued at approximately $18,085,000. Nomura Holdings Inc. owned 2.49% of BrightSpire Capital at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Cetera Investment Advisers boosted its holdings in BrightSpire Capital by 4.5% in the 1st quarter. Cetera Investment Advisers now owns 74,753 shares of the company's stock worth $416,000 after buying an additional 3,224 shares during the period. HighTower Advisors LLC boosted its holdings in BrightSpire Capital by 4.3% in the 1st quarter. HighTower Advisors LLC now owns 95,316 shares of the company's stock worth $530,000 after buying an additional 3,916 shares during the period. Merit Financial Group LLC boosted its holdings in BrightSpire Capital by 5.3% in the 1st quarter. Merit Financial Group LLC now owns 112,222 shares of the company's stock worth $624,000 after buying an additional 5,647 shares during the period. Gallagher Fiduciary Advisors LLC boosted its holdings in BrightSpire Capital by 18.9% in the 4th quarter. Gallagher Fiduciary Advisors LLC now owns 36,164 shares of the company's stock worth $204,000 after buying an additional 5,749 shares during the period. Finally, Ameriflex Group Inc. bought a new position in BrightSpire Capital in the 4th quarter worth approximately $37,000. 56.57% of the stock is owned by institutional investors.

BrightSpire Capital Stock Up 1.7%

Shares of NYSE:BRSP opened at $5.81 on Monday. BrightSpire Capital, Inc. has a one year low of $4.16 and a one year high of $6.45. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.54 and a quick ratio of 0.54. The company has a market cap of $754.59 million, a price-to-earnings ratio of -26.39 and a beta of 1.61. The firm has a fifty day moving average price of $5.28 and a two-hundred day moving average price of $5.32.

BrightSpire Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 14th. Stockholders of record on Monday, June 30th were issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 11.0%. The ex-dividend date of this dividend was Monday, June 30th. BrightSpire Capital's payout ratio is currently -290.91%.

Wall Street Analyst Weigh In

Several research analysts have commented on BRSP shares. Jones Trading reissued a "buy" rating and issued a $6.50 price target on shares of BrightSpire Capital in a report on Wednesday, July 30th. Barclays reissued an "underweight" rating and issued a $5.00 price target (down from $7.00) on shares of BrightSpire Capital in a report on Tuesday, July 8th. Four research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, BrightSpire Capital presently has a consensus rating of "Moderate Buy" and an average price target of $6.79.

About BrightSpire Capital

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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