Raymond James Financial Inc. Invests $315,000 in BrightSpire Capital, Inc. (NYSE:BRSP)

Raymond James Financial Inc. acquired a new stake in BrightSpire Capital, Inc. (NYSE:BRSP - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 55,785 shares of the company's stock, valued at approximately $315,000.

Other large investors have also modified their holdings of the company. Greenland Capital Management LP raised its stake in shares of BrightSpire Capital by 11.5% during the 4th quarter. Greenland Capital Management LP now owns 1,070,000 shares of the company's stock worth $6,035,000 after buying an additional 110,000 shares during the last quarter. Legal & General Group Plc boosted its stake in shares of BrightSpire Capital by 6.3% during the fourth quarter. Legal & General Group Plc now owns 140,008 shares of the company's stock valued at $790,000 after acquiring an additional 8,285 shares during the last quarter. Invesco Ltd. grew its holdings in shares of BrightSpire Capital by 7.3% during the fourth quarter. Invesco Ltd. now owns 476,508 shares of the company's stock worth $2,688,000 after buying an additional 32,344 shares in the last quarter. Fox Run Management L.L.C. purchased a new stake in BrightSpire Capital in the 4th quarter worth approximately $149,000. Finally, KLP Kapitalforvaltning AS acquired a new position in BrightSpire Capital in the fourth quarter valued at $142,000. 56.57% of the stock is owned by hedge funds and other institutional investors.

BrightSpire Capital Price Performance

Shares of NYSE:BRSP traded up $0.02 on Tuesday, reaching $5.37. 338,102 shares of the company traded hands, compared to its average volume of 756,006. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.70 and a quick ratio of 0.73. The stock has a market capitalization of $700.58 million, a PE ratio of -5.11 and a beta of 1.53. The company's 50 day moving average is $5.24 and its 200-day moving average is $5.71. BrightSpire Capital, Inc. has a fifty-two week low of $4.16 and a fifty-two week high of $6.71.

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 the consensus estimate of $0.19 by ($0.03). BrightSpire Capital had a negative net margin of 79.23% and a positive return on equity of 8.82%. The firm 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, analysts anticipate that BrightSpire Capital, Inc. will post 0.67 earnings per share for the current fiscal year.

BrightSpire Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 11.92%. The ex-dividend date was Monday, March 31st. BrightSpire Capital's payout ratio is -114.29%.

Analysts Set New Price Targets

A number of research firms have recently commented on BRSP. Alliance Global Partners restated a "buy" rating on shares of BrightSpire Capital in a report on Wednesday, April 30th. JMP Securities dropped their target price on 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. 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, Industrial Alliance Securities set a $6.50 target price on BrightSpire Capital in a research note on Wednesday, April 30th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target 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.