Y Intercept Hong Kong Ltd Has $562,000 Stock Holdings in BrightSpire Capital, Inc. (NYSE:BRSP)

Key Points

• Y Intercept Hong Kong Ltd increased its stake in BrightSpire Capital, Inc. by 400.8% during the first quarter, owning approximately 101,105 shares worth $562,000.
• BrightSpire Capital declared a quarterly dividend of $0.16 per share, which translates to an annualized dividend of $0.64 and a yield of 12.81%.
• Several analysts have rated BrightSpire Capital with a consensus rating of "Moderate Buy" and a target price of $6.79, with Jones Trading maintaining a "buy" rating at a target price of $6.50.

Y Intercept Hong Kong Ltd raised its position in BrightSpire Capital, Inc. (NYSE:BRSP - Free Report) by 400.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 101,105 shares of the company's stock after purchasing an additional 80,918 shares during the quarter. Y Intercept Hong Kong Ltd owned 0.08% of BrightSpire Capital worth $562,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Raymond James Financial Inc. acquired a new stake in shares of BrightSpire Capital during the fourth quarter worth $315,000. Virtu Financial LLC purchased a new position in shares of BrightSpire Capital during the fourth quarter worth $163,000. Sei Investments Co. raised its holdings in shares of BrightSpire Capital by 18.7% during the fourth quarter. Sei Investments Co. now owns 42,473 shares of the company's stock worth $240,000 after purchasing an additional 6,700 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new position in BrightSpire Capital in the fourth quarter valued at $142,000. Finally, Invesco Ltd. increased its holdings in BrightSpire Capital by 7.3% in the fourth quarter. Invesco Ltd. now owns 476,508 shares of the company's stock valued at $2,688,000 after buying an additional 32,344 shares in the last quarter. 56.57% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

BRSP has been the subject of several research reports. Alliance Global Partners reaffirmed a "buy" rating on shares of BrightSpire Capital in a research note on Wednesday, April 30th. JMP Securities decreased 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 report on Tuesday, April 22nd. Barclays reaffirmed an "underweight" rating and set a $5.00 target price (down from $7.00) on shares of BrightSpire Capital in a research note on Tuesday, July 8th. Industrial Alliance Securities set a $6.50 price objective on shares of BrightSpire Capital in a research report on Wednesday, April 30th. Finally, Jones Trading restated a "buy" rating and issued a $6.50 price objective on shares of BrightSpire Capital in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $6.79.

BrightSpire Capital Trading Up 0.3%

BRSP stock traded up $0.02 during midday trading on Thursday, reaching $5.23. 212,882 shares of the company's stock traded hands, compared to its average volume of 721,259. The company has a market capitalization of $681.65 million, a P/E ratio of -23.75 and a beta of 1.47. 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, Inc. has a fifty-two week low of $4.16 and a fifty-two week high of $6.45. The business has a 50-day moving average price of $5.12 and a two-hundred day moving average price of $5.35.

BrightSpire Capital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 14th. Investors of record on Monday, June 30th were issued a $0.16 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $0.64 annualized dividend and a yield of 12.25%. BrightSpire Capital's dividend payout ratio is presently -114.29%.

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.