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

Northern Trust Corp lifted its position in BrightSpire Capital, Inc. (NYSE:BRSP - Free Report) by 7.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,287,299 shares of the company's stock after acquiring an additional 91,263 shares during the quarter. Northern Trust Corp owned 0.99% of BrightSpire Capital worth $7,260,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Gratia Capital LLC bought a new stake in BrightSpire Capital during the fourth quarter valued at $3,384,000. Price T Rowe Associates Inc. MD lifted its holdings in BrightSpire Capital by 16.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 137,369 shares of the company's stock worth $775,000 after acquiring an additional 19,184 shares during the last quarter. Dark Forest Capital Management LP bought a new position in BrightSpire Capital in the fourth quarter worth about $64,000. MetLife Investment Management LLC boosted its stake in BrightSpire Capital by 10.5% in the fourth quarter. MetLife Investment Management LLC now owns 74,091 shares of the company's stock valued at $418,000 after acquiring an additional 7,022 shares during the period. Finally, Avenir Corp raised its position in shares of BrightSpire Capital by 4.0% during the 4th quarter. Avenir Corp now owns 221,900 shares of the company's stock worth $1,252,000 after purchasing an additional 8,500 shares during the period. 56.57% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

BRSP has been the subject of several recent research reports. Industrial Alliance Securities set a $6.50 price target on shares of BrightSpire Capital in a research report on Wednesday, April 30th. Alliance Global Partners restated a "buy" rating on shares of BrightSpire Capital in a research note on Wednesday, April 30th. Jones Trading reaffirmed a "buy" rating and set a $6.50 price target on shares of BrightSpire Capital in a report on Wednesday, April 30th. Finally, JMP Securities decreased their price objective on BrightSpire Capital from $7.50 to $6.50 and set a "market outperform" rating for the company in a report on Tuesday, April 22nd. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $7.15.

BrightSpire Capital Stock Down 2.0%

Shares of BrightSpire Capital stock opened at $5.27 on Tuesday. The stock's fifty day moving average is $5.17 and its 200-day moving average is $5.70. The firm has a market capitalization of $687.53 million, a PE ratio of -5.02 and a beta of 1.53. The company has a quick ratio of 0.73, a current ratio of 0.70 and a debt-to-equity ratio of 1.79. BrightSpire Capital, Inc. has a 12-month low of $4.16 and a 12-month high of $6.71.

BrightSpire Capital (NYSE:BRSP - Get Free Report) last posted its quarterly earnings data on Tuesday, February 18th. The company reported $0.16 EPS for the quarter, missing analysts' consensus estimates of $0.19 by ($0.03). The firm 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 in the prior year, the business posted $0.28 EPS. Equities analysts anticipate that BrightSpire Capital, Inc. will post 0.67 earnings per share for the current year.

BrightSpire Capital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 12.14%. The ex-dividend date was Monday, March 31st. BrightSpire Capital's dividend payout ratio is currently -114.29%.

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.

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