BrightSpire Capital, Inc. (NYSE:BRSP) Position Increased by Northern Trust Corp

Northern Trust Corp lifted its stake in shares of BrightSpire Capital, Inc. (NYSE:BRSP - Free Report) by 7.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,287,299 shares of the company's stock after acquiring an additional 91,263 shares during the quarter. Northern Trust Corp owned about 0.99% of BrightSpire Capital worth $7,260,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BRSP. Atria Wealth Solutions Inc. bought a new position in BrightSpire Capital during the 4th quarter valued at $72,000. Raymond James Financial Inc. bought a new position in BrightSpire Capital during the fourth quarter valued at about $315,000. J.W. Cole Advisors Inc. boosted its stake in BrightSpire Capital by 46.1% during the fourth quarter. J.W. Cole Advisors Inc. now owns 157,857 shares of the company's stock valued at $890,000 after buying an additional 49,834 shares in the last quarter. Van ECK Associates Corp grew its holdings in 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 acquiring an additional 129,120 shares during the period. Finally, Atria Investments Inc raised its position in BrightSpire Capital by 18.2% in the fourth quarter. Atria Investments Inc now owns 35,869 shares of the company's stock worth $202,000 after acquiring an additional 5,531 shares in the last quarter. Institutional investors own 56.57% of the company's stock.

BrightSpire Capital Trading Down 0.9%

BRSP stock traded down $0.05 during mid-day trading on Friday, reaching $5.04. 467,758 shares of the stock traded hands, compared to its average volume of 754,721. BrightSpire Capital, Inc. has a 52-week low of $4.16 and a 52-week high of $6.71. The stock's fifty day moving average is $5.10 and its 200-day moving average is $5.67. The company has a market cap of $656.88 million, a P/E ratio of -4.80 and a beta of 1.53. The company has a current ratio of 0.70, a quick ratio of 0.73 and a debt-to-equity ratio of 1.79.

BrightSpire Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 12.71%. The ex-dividend date was Monday, March 31st. BrightSpire Capital's dividend payout ratio is -114.29%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Alliance Global Partners restated a "buy" rating on shares of BrightSpire Capital in a research report on Wednesday, April 30th. Jones Trading restated a "buy" rating and set a $6.50 target price on shares of BrightSpire Capital in a report on Wednesday, April 30th. Industrial Alliance Securities set a $6.50 price target on shares of BrightSpire Capital in a research report on Wednesday, April 30th. Finally, JMP Securities cut their price objective 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. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, BrightSpire Capital presently has an average rating of "Moderate Buy" and a consensus price target of $7.15.

BrightSpire Capital 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.