Two Sigma Investments LP Raises Stake in BrightSpire Capital, Inc. (NYSE:BRSP)

Two Sigma Investments LP raised its stake in BrightSpire Capital, Inc. (NYSE:BRSP - Free Report) by 13.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 536,444 shares of the company's stock after purchasing an additional 64,384 shares during the period. Two Sigma Investments LP owned approximately 0.41% of BrightSpire Capital worth $3,026,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BRSP. CF Capital LLC bought a new stake in BrightSpire Capital in the fourth quarter valued at approximately $4,343,000. Gratia Capital LLC bought a new stake in BrightSpire Capital in the fourth quarter valued at approximately $3,384,000. Almitas Capital LLC bought a new position in BrightSpire Capital during the fourth quarter worth about $2,010,000. Balyasny Asset Management L.P. raised its position in shares of BrightSpire Capital by 16.9% in the 4th quarter. Balyasny Asset Management L.P. now owns 1,132,234 shares of the company's stock valued at $6,386,000 after buying an additional 163,790 shares in the last quarter. Finally, Van ECK Associates Corp lifted its holdings in shares of BrightSpire Capital by 12.8% in 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 last quarter. 56.57% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

BrightSpire Capital Stock Down 0.7%

BRSP stock traded down $0.04 on Wednesday, reaching $5.13. 86,268 shares of the company traded hands, compared to its average volume of 741,952. The firm has a fifty day simple moving average of $4.99 and a 200-day simple moving average of $5.62. BrightSpire Capital, Inc. has a one year low of $4.16 and a one year high of $6.71. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.70 and a quick ratio of 0.73. The company has a market cap of $668.62 million, a P/E ratio of -4.88 and a beta of 1.53.

BrightSpire Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 12.49%. The ex-dividend date of this dividend was Monday, March 31st. BrightSpire Capital's dividend payout ratio (DPR) is -114.29%.

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.