J.W. Cole Advisors Inc. Purchases 69,577 Shares of BrightSpire Capital, Inc. (NYSE:BRSP)

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

Several other hedge funds and other institutional investors have also modified their holdings of BRSP. Raymond James Financial Inc. bought a new stake in BrightSpire Capital in the 4th quarter valued at about $315,000. Cibc World Markets Corp bought a new stake in BrightSpire Capital in the 4th quarter valued at about $68,000. Intech Investment Management LLC boosted its holdings in BrightSpire Capital by 96.2% in the 4th quarter. Intech Investment Management LLC now owns 57,108 shares of the company's stock valued at $322,000 after purchasing an additional 27,996 shares during the period. Virtu Financial LLC bought a new stake in BrightSpire Capital in the 4th quarter valued at about $163,000. Finally, Sei Investments Co. boosted its holdings in BrightSpire Capital by 18.7% in the 4th quarter. Sei Investments Co. now owns 42,473 shares of the company's stock valued at $240,000 after purchasing an additional 6,700 shares during the period. Institutional investors own 56.57% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on BRSP shares. JMP Securities cut 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 report on Tuesday, April 22nd. Alliance Global Partners restated a "buy" rating on shares of BrightSpire Capital in a research 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 report on Wednesday, April 30th. Barclays restated an "underweight" rating and issued a $5.00 target price (down from $7.00) on shares of BrightSpire Capital in a research report on Tuesday, July 8th. Finally, Industrial Alliance Securities set a $6.50 target price on shares of BrightSpire Capital in a research report on Wednesday, April 30th. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $6.79.

BrightSpire Capital Price Performance

BRSP stock traded down $0.09 during trading on Friday, reaching $4.90. 554,516 shares of the company were exchanged, compared to its average volume of 687,173. The company has a 50-day moving average of $5.12 and a two-hundred day moving average of $5.36. The company has a market capitalization of $638.99 million, a price-to-earnings ratio of -8.75 and a beta of 1.47. BrightSpire Capital, Inc. has a twelve month low of $4.16 and a twelve month high of $6.45. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.46 and a quick ratio of 0.46.

BrightSpire Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 14th. Investors of record on Monday, June 30th were given a dividend of $0.16 per share. 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 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.