Jane Street Group LLC Sells 113,356 Shares of BrightSpire Capital, Inc. (NYSE:BRSP)

Jane Street Group LLC decreased its position in BrightSpire Capital, Inc. (NYSE:BRSP - Free Report) by 58.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 80,114 shares of the company's stock after selling 113,356 shares during the period. Jane Street Group LLC owned approximately 0.06% of BrightSpire Capital worth $452,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Dark Forest Capital Management LP acquired a new stake in BrightSpire Capital in the fourth quarter worth approximately $64,000. Cibc World Markets Corp acquired a new stake in BrightSpire Capital during the 4th quarter valued at $68,000. Atria Wealth Solutions Inc. purchased a new stake in BrightSpire Capital in the 4th quarter worth about $72,000. Magnetar Financial LLC purchased a new stake in BrightSpire Capital in the 4th quarter worth about $83,000. Finally, Allegiance Financial Group Advisory Services LLC boosted its position in BrightSpire Capital by 30.3% during the 4th quarter. Allegiance Financial Group Advisory Services LLC now owns 19,087 shares of the company's stock worth $108,000 after acquiring an additional 4,434 shares during the period. Institutional investors own 56.57% of the company's stock.

BrightSpire Capital Stock Performance

BRSP traded down $0.02 on Wednesday, hitting $5.14. The company had a trading volume of 333,965 shares, compared to its average volume of 743,712. The stock has a market cap of $670.57 million, a price-to-earnings ratio of -4.90 and a beta of 1.50. 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's fifty day moving average price is $4.98 and its 200 day moving average price is $5.62. BrightSpire Capital, Inc. has a 1-year low of $4.16 and a 1-year high of $6.71.

BrightSpire Capital Announces Dividend

The company 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 12.45%. The ex-dividend date of this dividend was Monday, March 31st. BrightSpire Capital's payout ratio is -114.29%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on BRSP shares. JMP Securities dropped their target price on BrightSpire Capital from $7.50 to $6.50 and set a "market outperform" rating on the stock in a report on Tuesday, April 22nd. Industrial Alliance Securities set a $6.50 price objective on shares of BrightSpire Capital in a research note on Wednesday, April 30th. Alliance Global Partners reiterated a "buy" rating on shares of BrightSpire Capital in a research report on Wednesday, April 30th. Finally, Jones Trading restated a "buy" rating and set a $6.50 price target on shares of BrightSpire Capital in a report on Wednesday, April 30th. 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, the stock presently has an average rating of "Moderate Buy" and an average target price 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.