BrightSpire Capital, Inc. $BRSP Shares Sold by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd decreased its position in BrightSpire Capital, Inc. (NYSE:BRSP) by 45.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 117,294 shares of the company’s stock after selling 96,607 shares during the quarter. Y Intercept Hong Kong Ltd owned 0.09% of BrightSpire Capital worth $657,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Financial Gravity Asset Management Inc. increased its position in shares of BrightSpire Capital by 59.2% in the 4th quarter. Financial Gravity Asset Management Inc. now owns 4,835 shares of the company’s stock valued at $27,000 after purchasing an additional 1,798 shares during the last quarter. National Bank of Canada FI raised its holdings in shares of BrightSpire Capital by 50.0% in the 3rd quarter. National Bank of Canada FI now owns 7,500 shares of the company’s stock valued at $41,000 after purchasing an additional 2,500 shares in the last quarter. Founders Financial Securities LLC purchased a new stake in shares of BrightSpire Capital during the 4th quarter worth $58,000. CIBC Private Wealth Group LLC lifted its position in shares of BrightSpire Capital by 812.1% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 10,945 shares of the company’s stock worth $59,000 after purchasing an additional 9,745 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its stake in shares of BrightSpire Capital by 101.2% during the second quarter. Tower Research Capital LLC TRC now owns 11,930 shares of the company’s stock worth $60,000 after purchasing an additional 6,001 shares in the last quarter. Hedge funds and other institutional investors own 56.57% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. JonesTrading restated a “buy” rating and issued a $6.50 price target on shares of BrightSpire Capital in a research note on Wednesday, June 3rd. Weiss Ratings cut BrightSpire Capital from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, May 26th. Finally, BTIG Research upgraded BrightSpire Capital from a “neutral” rating to a “buy” rating and set a $7.00 price objective on the stock in a report on Wednesday, April 22nd. Four analysts have rated the stock with a Buy rating and two have issued a Sell rating to the stock. According to MarketBeat.com, BrightSpire Capital currently has a consensus rating of “Hold” and an average target price of $6.75.

BrightSpire Capital Trading Down 2.0%

Shares of BrightSpire Capital stock opened at $5.25 on Tuesday. The company has a fifty day simple moving average of $5.60 and a 200-day simple moving average of $5.73. BrightSpire Capital, Inc. has a 12-month low of $4.87 and a 12-month high of $6.16. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 2.40. The stock has a market cap of $684.62 million, a price-to-earnings ratio of -19.46 and a beta of 1.28.

BrightSpire Capital (NYSE:BRSP) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.01). BrightSpire Capital had a positive return on equity of 7.46% and a negative net margin of 24.16%.The company had revenue of $51.75 million for the quarter, compared to analyst estimates of $63.12 million. On average, equities analysts forecast that BrightSpire Capital, Inc. will post 0.51 EPS for the current fiscal year.

BrightSpire Capital Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be given a dividend of $0.16 per share. The ex-dividend date is Tuesday, June 30th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 12.2%. BrightSpire Capital’s payout ratio is -237.04%.

BrightSpire Capital Profile

BrightSpire Capital Inc (NYSE: BRSP) is a real estate investment trust (REIT) specializing in commercial real estate debt. The company primarily originates, acquires and manages a diversified portfolio of mortgage loans, mezzanine loans and preferred equity investments secured by office, retail, industrial, multifamily and hospitality assets across the United States. By focusing on income-producing credit instruments, BrightSpire seeks to deliver attractive risk-adjusted returns to its shareholders through regular dividend distributions.

BrightSpire’s investment strategy spans the capital structure of commercial real estate, with an emphasis on senior mortgages that offer more stable cash flows and downside protection.