BrightSpire Capital, Inc. $BRSP Shares Purchased by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its ownership of BrightSpire Capital by 23.3%, holding approximately 1.95 million shares valued at $10.84 million.
• BrightSpire Capital recently declared a $0.16 quarterly dividend, yielding 10.9% annually, despite a negative payout ratio of -290.91%.
• Equities analysts have a consensus rating of "Moderate Buy" for BrightSpire Capital, with a price target averaging $6.79, despite some analysts issuing lower target prices.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of BrightSpire Capital, Inc. (NYSE:BRSP - Free Report) by 23.3% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,950,366 shares of the company's stock after purchasing an additional 368,414 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 1.49% of BrightSpire Capital worth $10,844,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Ameriflex Group Inc. bought a new stake in BrightSpire Capital during the 4th quarter valued at $37,000. Brevan Howard Capital Management LP bought a new stake in BrightSpire Capital during the 4th quarter valued at $57,000. Aigen Investment Management LP bought a new stake in BrightSpire Capital during the 1st quarter valued at $57,000. M&T Bank Corp bought a new stake in BrightSpire Capital during the 1st quarter valued at $62,000. Finally, Arkadios Wealth Advisors bought a new stake in BrightSpire Capital during the 1st quarter valued at $65,000. 56.57% of the stock is owned by institutional investors.

BrightSpire Capital Stock Performance

Shares of BRSP stock traded down $0.05 during mid-day trading on Monday, reaching $5.84. The stock had a trading volume of 61,119 shares, compared to its average volume of 708,733. The business's fifty day moving average is $5.41 and its 200-day moving average is $5.31. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 1.79. The firm has a market cap of $758.49 million, a price-to-earnings ratio of -26.48 and a beta of 1.61. BrightSpire Capital, Inc. has a 1-year low of $4.16 and a 1-year high of $6.45.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on BRSP shares. Barclays reaffirmed an "underweight" rating and set a $5.00 target price (down from $7.00) on shares of BrightSpire Capital in a research report on Tuesday, July 8th. Jones Trading restated a "buy" rating and set a $6.50 price objective on shares of BrightSpire Capital in a research note on Wednesday, July 30th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $6.79.

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.