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

Jane Street Group LLC cut its stake in shares of BrightSpire Capital, Inc. (NYSE:BRSP - Free Report) by 58.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). 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.

Other institutional investors have also recently made changes to their positions in the company. Kingswood Wealth Advisors LLC purchased a new stake in shares of BrightSpire Capital during the 4th quarter worth approximately $163,000. Private Management Group Inc. grew its stake in shares of BrightSpire Capital by 1.3% during the 4th quarter. Private Management Group Inc. now owns 4,632,732 shares of the company's stock worth $26,129,000 after purchasing an additional 57,759 shares during the period. Van ECK Associates Corp boosted its position in shares of BrightSpire Capital by 12.8% in the 4th quarter. Van ECK Associates Corp now owns 1,134,821 shares of the company's stock worth $6,400,000 after buying an additional 129,120 shares in the last quarter. J.W. Cole Advisors Inc. boosted its position in shares of BrightSpire Capital by 46.1% in the 4th quarter. J.W. Cole Advisors Inc. now owns 157,857 shares of the company's stock worth $890,000 after buying an additional 49,834 shares in the last quarter. Finally, Atria Wealth Solutions Inc. purchased a new stake in shares of BrightSpire Capital in the 4th quarter worth about $72,000. Institutional investors and hedge funds own 56.57% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on BRSP shares. Industrial Alliance Securities set a $6.50 target price on shares of BrightSpire Capital in a report 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 report on Wednesday, April 30th. JMP Securities lowered their price objective on shares of 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. Finally, Alliance Global Partners reissued a "buy" rating on shares of BrightSpire Capital in a research 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 stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $7.15.

BrightSpire Capital Stock Down 0.6%

Shares of BrightSpire Capital stock traded down $0.03 during trading on Monday, hitting $5.03. 494,233 shares of the stock traded hands, compared to its average volume of 746,934. The stock has a market cap of $656.22 million, a P/E ratio of -4.79 and a beta of 1.53. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.73 and a current ratio of 0.70. BrightSpire Capital, Inc. has a twelve month low of $4.16 and a twelve month high of $6.71. The company has a fifty day moving average price of $5.02 and a two-hundred day moving average price of $5.63.

BrightSpire Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a dividend of $0.16 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.64 dividend on an annualized basis and a dividend yield of 12.72%. BrightSpire Capital's dividend payout ratio (DPR) is presently -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.