J.W. Cole Advisors Inc. Grows Stock Position in BrightSpire Capital, Inc. (NYSE:BRSP)

J.W. Cole Advisors Inc. increased its position in BrightSpire Capital, Inc. (NYSE:BRSP - Free Report) by 44.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 227,434 shares of the company's stock after purchasing an additional 69,577 shares during the period. J.W. Cole Advisors Inc. owned 0.17% of BrightSpire Capital worth $1,265,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BRSP. Ameriflex Group Inc. bought a new position in shares of BrightSpire Capital during the fourth quarter valued at $37,000. Brevan Howard Capital Management LP bought a new position in shares of BrightSpire Capital during the fourth quarter valued at $57,000. M&T Bank Corp bought a new position in shares of BrightSpire Capital during the first quarter valued at $62,000. Dark Forest Capital Management LP bought a new position in shares of BrightSpire Capital during the fourth quarter valued at $64,000. Finally, Cibc World Markets Corp bought a new position in shares of BrightSpire Capital during the fourth quarter valued at $68,000. 56.57% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. 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. Barclays restated an "underweight" rating and set a $5.00 price target (down from $7.00) on shares of BrightSpire Capital in a report on Tuesday, July 8th. JMP Securities reduced 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. Alliance Global Partners reissued a "buy" rating on shares of BrightSpire Capital in a research report on Wednesday, April 30th. Finally, Industrial Alliance Securities set a $6.50 target price on BrightSpire Capital in a research report on Wednesday, April 30th. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $6.79.

BrightSpire Capital Stock Performance

NYSE:BRSP traded down $0.09 during mid-day trading on Friday, reaching $4.90. The company's stock had a trading volume of 554,516 shares, compared to its average volume of 687,173. BrightSpire Capital, Inc. has a 12-month low of $4.16 and a 12-month high of $6.45. The firm's fifty day moving average price is $5.12 and its two-hundred day moving average price is $5.37. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 1.67. The stock has a market cap of $639.00 million, a P/E ratio of -8.75 and a beta of 1.47.

BrightSpire Capital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 14th. Shareholders of record on Monday, June 30th were given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 13.07%. The ex-dividend date of this dividend was Monday, June 30th. BrightSpire Capital's dividend payout ratio (DPR) is -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.