UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Raises Stock Position in BrightSpire Capital, Inc. (NYSE:BRSP)

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

Several other large investors also recently modified their holdings of BRSP. Van ECK Associates Corp boosted its position in BrightSpire Capital by 12.8% in the fourth quarter. Van ECK Associates Corp now owns 1,134,821 shares of the company's stock worth $6,400,000 after purchasing an additional 129,120 shares during the last quarter. J.W. Cole Advisors Inc. boosted its holdings in shares of BrightSpire Capital by 46.1% in the fourth quarter. J.W. Cole Advisors Inc. now owns 157,857 shares of the company's stock worth $890,000 after buying an additional 49,834 shares during the last quarter. Atria Wealth Solutions Inc. bought a new stake in BrightSpire Capital during the fourth quarter valued at approximately $72,000. Bank of New York Mellon Corp increased its holdings in BrightSpire Capital by 0.8% during the fourth quarter. Bank of New York Mellon Corp now owns 357,844 shares of the company's stock valued at $2,018,000 after buying an additional 2,798 shares during the last quarter. Finally, Allegiance Financial Group Advisory Services LLC raised its position in BrightSpire Capital by 30.3% in the fourth quarter. Allegiance Financial Group Advisory Services LLC now owns 19,087 shares of the company's stock worth $108,000 after acquiring an additional 4,434 shares during the period. Institutional investors own 56.57% of the company's stock.

BrightSpire Capital Stock Performance

BRSP stock remained flat at $5.34 during midday trading on Thursday. The company's stock had a trading volume of 358,630 shares, compared to its average volume of 742,161. The firm has a market cap of $696.67 million, a price-to-earnings ratio of -5.09 and a beta of 1.50. The company has a quick ratio of 0.73, a current ratio of 0.70 and a debt-to-equity ratio of 1.79. The stock's 50-day simple moving average is $4.97 and its 200 day simple moving average is $5.58. BrightSpire Capital, Inc. has a fifty-two week low of $4.16 and a fifty-two week high of $6.71.

BrightSpire Capital Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a dividend of $0.16 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.64 annualized dividend and a yield of 11.99%. BrightSpire Capital's payout ratio is -114.29%.

Analysts Set New Price Targets

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

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.