Millennium Management LLC Has $743,000 Stake in BrightSpire Capital, Inc. (NYSE:BRSP)

Millennium Management LLC raised its position in BrightSpire Capital, Inc. (NYSE:BRSP - Free Report) by 281.1% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 131,743 shares of the company's stock after purchasing an additional 97,175 shares during the period. Millennium Management LLC owned 0.10% of BrightSpire Capital worth $743,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Brevan Howard Capital Management LP acquired a new position in BrightSpire Capital during the fourth quarter worth $57,000. Dark Forest Capital Management LP acquired a new position in BrightSpire Capital during the fourth quarter worth $64,000. Cibc World Markets Corp acquired a new position in BrightSpire Capital during the fourth quarter worth $68,000. Atria Wealth Solutions Inc. acquired a new position in BrightSpire Capital during the fourth quarter worth $72,000. Finally, Magnetar Financial LLC acquired a new position in BrightSpire Capital during the fourth quarter worth $83,000. Institutional investors and hedge funds own 56.57% of the company's stock.

BrightSpire Capital Stock Up 2.7%

Shares of BrightSpire Capital stock opened at $5.22 on Friday. The company has a market cap of $680.36 million, a price-to-earnings ratio of -4.97 and a beta of 1.50. The company's 50 day moving average is $4.97 and its 200 day moving average is $5.60. BrightSpire Capital, Inc. has a twelve month low of $4.16 and a twelve month high of $6.71. The company has a quick ratio of 0.73, a current ratio of 0.70 and a debt-to-equity ratio of 1.79.

BrightSpire Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were given a $0.16 dividend. The ex-dividend date was Monday, March 31st. This represents a $0.64 annualized dividend and a yield of 12.27%. BrightSpire Capital's payout ratio is presently -114.29%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on BRSP shares. Alliance Global Partners reiterated a "buy" rating on shares of BrightSpire Capital in a research note on Wednesday, April 30th. Jones Trading reiterated 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 target price on shares of BrightSpire Capital in a research note on Wednesday, April 30th. Finally, JMP Securities reduced their target price on shares of BrightSpire Capital from $7.50 to $6.50 and set a "market outperform" rating for the company in a research note on Tuesday, April 22nd. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, BrightSpire Capital has an average rating of "Moderate Buy" and an average target price of $7.15.

About BrightSpire Capital

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.

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