600,000 Shares in BrightSpire Capital, Inc. (NYSE:BRSP) Bought by Gratia Capital LLC

Gratia Capital LLC bought a new position in shares of BrightSpire Capital, Inc. (NYSE:BRSP - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 600,000 shares of the company's stock, valued at approximately $3,384,000. BrightSpire Capital comprises 3.3% of Gratia Capital LLC's holdings, making the stock its 12th largest holding. Gratia Capital LLC owned about 0.46% of BrightSpire Capital as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Winthrop Advisory Group LLC acquired a new position in BrightSpire Capital in the fourth quarter valued at approximately $61,000. Dark Forest Capital Management LP acquired a new position in BrightSpire Capital during the 4th quarter valued at approximately $64,000. Fermata Advisors LLC acquired a new position in shares of BrightSpire Capital during the fourth quarter valued at $65,000. Cibc World Markets Corp bought a new position in shares of BrightSpire Capital during the fourth quarter worth about $68,000. Finally, Atria Wealth Solutions Inc. acquired a new stake in shares of BrightSpire Capital in the 4th quarter worth about $72,000. Institutional investors and hedge funds own 56.57% of the company's stock.

Analyst Ratings Changes

Several research analysts have commented on BRSP shares. Alliance Global Partners started coverage on shares of BrightSpire Capital in a research report on Friday, January 17th. They issued a "buy" rating and a $7.25 target price for the company. JMP Securities decreased their price objective on BrightSpire Capital from $7.50 to $6.50 and set a "market outperform" rating for the company in a report on Tuesday, April 22nd. B. Riley lowered their target price on BrightSpire Capital from $10.00 to $9.00 and set a "buy" rating on the stock in a research report on Tuesday, January 7th. Finally, Jones Trading reiterated a "buy" rating and set a $6.50 price target on shares of BrightSpire Capital in a research report on Wednesday. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $7.25.

BrightSpire Capital Price Performance

NYSE BRSP traded up $0.23 on Friday, reaching $5.24. 420,954 shares of the stock traded hands, compared to its average volume of 763,777. BrightSpire Capital, Inc. has a 12 month low of $4.16 and a 12 month high of $6.71. The company has a market cap of $683.99 million, a price-to-earnings ratio of -4.99 and a beta of 1.54. The firm's fifty day simple moving average is $5.37 and its 200 day simple moving average is $5.72. 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 (NYSE:BRSP - Get Free Report) last announced its earnings results on Tuesday, February 18th. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.19 by ($0.03). BrightSpire Capital had a positive return on equity of 8.82% and a negative net margin of 79.23%. The company had revenue of $17.46 million for the quarter, compared to analyst estimates of $65.81 million. During the same period last year, the firm earned $0.28 earnings per share. As a group, research analysts predict that BrightSpire Capital, Inc. will post 0.67 EPS for the current fiscal year.

BrightSpire Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a $0.16 dividend. The ex-dividend date was Monday, March 31st. This represents a $0.64 dividend on an annualized basis and a dividend yield of 12.23%. BrightSpire Capital's dividend payout ratio is -114.29%.

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.