Private Management Group Inc. Acquires 57,759 Shares of BrightSpire Capital, Inc. (NYSE:BRSP)

Private Management Group Inc. lifted its stake in BrightSpire Capital, Inc. (NYSE:BRSP) by 1.3% in the 4th quarter, HoldingsChannel reports. The firm owned 4,632,732 shares of the company’s stock after acquiring an additional 57,759 shares during the period. Private Management Group Inc.’s holdings in BrightSpire Capital were worth $26,129,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of BRSP. Avior Wealth Management LLC increased its position in BrightSpire Capital by 363.1% in the third quarter. Avior Wealth Management LLC now owns 9,266 shares of the company’s stock worth $52,000 after buying an additional 7,265 shares in the last quarter. ORG Partners LLC purchased a new stake in BrightSpire Capital in the 3rd quarter worth approximately $53,000. McAdam LLC bought a new stake in BrightSpire Capital during the 3rd quarter worth approximately $58,000. Winthrop Advisory Group LLC bought a new stake in BrightSpire Capital during the 4th quarter worth approximately $61,000. Finally, Fermata Advisors LLC purchased a new position in BrightSpire Capital during the fourth quarter valued at approximately $65,000. 56.57% of the stock is owned by institutional investors.

BrightSpire Capital Price Performance

Shares of NYSE:BRSP opened at $5.73 on Thursday. The firm has a fifty day moving average price of $5.90 and a 200 day moving average price of $5.83. BrightSpire Capital, Inc. has a fifty-two week low of $5.07 and a fifty-two week high of $7.04. The firm has a market cap of $742.42 million, a price-to-earnings ratio of -5.61 and a beta of 1.88. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.73 and a current ratio of 0.73.

BrightSpire Capital Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 11.18%. The ex-dividend date of this dividend was Tuesday, December 31st. BrightSpire Capital’s payout ratio is presently -62.75%.

Analysts Set New Price Targets

BRSP has been the subject of a number of analyst reports. Alliance Global Partners started coverage on shares of BrightSpire Capital in a research note on Friday, January 17th. They issued a “buy” rating and a $7.25 price objective for the company. B. Riley cut their price target on BrightSpire Capital from $10.00 to $9.00 and set a “buy” rating for the company in a research note on Tuesday, January 7th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, BrightSpire Capital presently has an average rating of “Hold” and an average target price of $7.45.

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.