Two Sigma Investments LP Purchases 64,384 Shares of BrightSpire Capital, Inc. (NYSE:BRSP)

Two Sigma Investments LP boosted its holdings in BrightSpire Capital, Inc. (NYSE:BRSP - Free Report) by 13.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 536,444 shares of the company's stock after buying an additional 64,384 shares during the quarter. Two Sigma Investments LP owned 0.41% of BrightSpire Capital worth $3,026,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Northern Trust Corp boosted its stake in BrightSpire Capital by 7.6% in the 4th quarter. Northern Trust Corp now owns 1,287,299 shares of the company's stock worth $7,260,000 after purchasing an additional 91,263 shares during the period. Janus Henderson Group PLC boosted its stake in BrightSpire Capital by 49.0% in the 4th quarter. Janus Henderson Group PLC now owns 59,262 shares of the company's stock worth $335,000 after purchasing an additional 19,500 shares during the period. Atria Wealth Solutions Inc. acquired a new position in BrightSpire Capital in the 4th quarter worth approximately $72,000. Raymond James Financial Inc. acquired a new stake in shares of BrightSpire Capital during the 4th quarter valued at $315,000. Finally, Deutsche Bank AG boosted its stake in shares of BrightSpire Capital by 56.9% during the 4th quarter. Deutsche Bank AG now owns 118,014 shares of the company's stock valued at $666,000 after buying an additional 42,816 shares during the period. Institutional investors and hedge funds own 56.57% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Industrial Alliance Securities set a $6.50 target price on shares of BrightSpire Capital in a research note on Wednesday, April 30th. Jones Trading reissued a "buy" rating and set a $6.50 target price on shares of BrightSpire Capital in a research note on Wednesday, April 30th. JMP Securities decreased their target price on shares of BrightSpire Capital from $7.50 to $6.50 and set a "market outperform" rating for the company in a research note on Tuesday, April 22nd. Finally, Alliance Global Partners reissued a "buy" rating on shares of BrightSpire Capital in a research note on Wednesday, April 30th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $7.15.

BrightSpire Capital Stock Down 0.4%

Shares of BRSP stock traded down $0.02 on Wednesday, hitting $5.14. The company's stock had a trading volume of 333,965 shares, compared to its average volume of 743,712. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.70 and a quick ratio of 0.73. BrightSpire Capital, Inc. has a fifty-two week low of $4.16 and a fifty-two week high of $6.71. The firm's fifty day moving average price is $4.98 and its 200-day moving average price is $5.62. The stock has a market capitalization of $670.57 million, a price-to-earnings ratio of -4.90 and a beta of 1.50.

BrightSpire Capital Dividend Announcement

The firm 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 annualized dividend and a dividend yield of 12.45%. The ex-dividend date was Monday, March 31st. BrightSpire Capital's payout ratio is presently -114.29%.

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.