BrightSpire Capital, Inc. (NYSE:BRSP) Stock Holdings Cut by Van ECK Associates Corp

Van ECK Associates Corp lessened its position in BrightSpire Capital, Inc. (NYSE:BRSP) by 0.7% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 792,263 shares of the company’s stock after selling 5,527 shares during the period. Van ECK Associates Corp’s holdings in BrightSpire Capital were worth $5,459,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Vanguard Group Inc. raised its position in BrightSpire Capital by 7.0% in the fourth quarter. Vanguard Group Inc. now owns 13,353,915 shares of the company’s stock worth $99,353,000 after acquiring an additional 873,407 shares in the last quarter. Private Management Group Inc. lifted its stake in BrightSpire Capital by 1.0% during the fourth quarter. Private Management Group Inc. now owns 4,432,343 shares of the company’s stock valued at $32,977,000 after purchasing an additional 45,507 shares during the last quarter. Federated Hermes Inc. boosted its holdings in BrightSpire Capital by 3.9% during the fourth quarter. Federated Hermes Inc. now owns 1,561,834 shares of the company’s stock worth $11,620,000 after buying an additional 59,342 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in BrightSpire Capital by 3.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,490,044 shares of the company’s stock worth $11,086,000 after buying an additional 43,415 shares during the last quarter. Finally, Norges Bank acquired a new position in BrightSpire Capital in the fourth quarter worth approximately $6,726,000. Institutional investors own 56.57% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on BRSP. Raymond James lowered BrightSpire Capital from an “outperform” rating to a “market perform” rating in a research note on Friday, May 3rd. Barclays decreased their price target on BrightSpire Capital from $8.00 to $7.00 and set an “equal weight” rating for the company in a research report on Thursday, May 2nd.

BrightSpire Capital Trading Down 0.3 %

BrightSpire Capital stock traded down $0.02 during midday trading on Friday, reaching $5.82. The stock had a trading volume of 293,738 shares, compared to its average volume of 708,400. BrightSpire Capital, Inc. has a twelve month low of $5.20 and a twelve month high of $8.01. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 1.63. The firm’s fifty day simple moving average is $6.01 and its two-hundred day simple moving average is $6.62.

BrightSpire Capital (NYSE:BRSP) last issued its earnings results on Wednesday, May 1st. The company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.02). BrightSpire Capital had a positive return on equity of 9.36% and a negative net margin of 33.20%. The business had revenue of $27.43 million during the quarter, compared to analyst estimates of $28.64 million. During the same period last year, the business earned $0.26 EPS. As a group, sell-side analysts anticipate that BrightSpire Capital, Inc. will post 0.79 earnings per share for the current fiscal year.

BrightSpire Capital Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 13.75%. BrightSpire Capital’s dividend payout ratio is -145.45%.

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.