UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 87,242 Shares of BrightSpire Capital, Inc. (NYSE:BRSP)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in BrightSpire Capital, Inc. (NYSE:BRSP - Free Report) by 40.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 301,096 shares of the company's stock after buying an additional 87,242 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.23% of BrightSpire Capital worth $1,698,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Brevan Howard Capital Management LP bought a new stake in BrightSpire Capital during the fourth quarter worth about $57,000. Dark Forest Capital Management LP purchased a new stake in BrightSpire Capital in the 4th quarter worth approximately $64,000. Cibc World Markets Corp bought a new stake in BrightSpire Capital in the fourth quarter valued at $68,000. Atria Wealth Solutions Inc. bought a new stake in shares of BrightSpire Capital during the 4th quarter valued at about $72,000. Finally, Magnetar Financial LLC bought a new stake in BrightSpire Capital during the 4th quarter valued at approximately $83,000. Institutional investors own 56.57% of the company's stock.

BrightSpire Capital Trading Up 2.7%

NYSE BRSP opened at $5.22 on Monday. The company has a fifty day simple moving average of $4.97 and a two-hundred day simple moving average of $5.59. BrightSpire Capital, Inc. has a 12-month low of $4.16 and a 12-month high of $6.71. The company has a current ratio of 0.70, a quick ratio of 0.73 and a debt-to-equity ratio of 1.79. The stock has a market cap of $680.36 million, a P/E ratio of -4.97 and a beta of 1.50.

BrightSpire Capital Dividend Announcement

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

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Jones Trading restated a "buy" rating and issued a $6.50 price target on shares of BrightSpire Capital in a research note on Wednesday, April 30th. JMP Securities dropped their price target on shares of BrightSpire Capital from $7.50 to $6.50 and set a "market outperform" rating on the stock in a report on Tuesday, April 22nd. Alliance Global Partners reissued a "buy" rating on shares of BrightSpire Capital in a report on Wednesday, April 30th. Finally, Industrial Alliance Securities set a $6.50 price objective on shares of BrightSpire Capital in a report on Wednesday, April 30th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $7.15.

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.

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