HighPoint Advisor Group LLC Acquires Shares of 45,459 BrightSpire Capital, Inc. (NYSE:BRSP)

HighPoint Advisor Group LLC acquired a new stake in BrightSpire Capital, Inc. (NYSE:BRSP) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 45,459 shares of the company’s stock, valued at approximately $316,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Quest Partners LLC purchased a new stake in BrightSpire Capital in the fourth quarter valued at $45,000. Arlington Trust Co LLC purchased a new stake in shares of BrightSpire Capital in the fourth quarter worth about $67,000. Arkadios Wealth Advisors acquired a new stake in BrightSpire Capital during the fourth quarter worth about $77,000. Counterpoint Mutual Funds LLC purchased a new position in BrightSpire Capital during the fourth quarter valued at approximately $88,000. Finally, Victory Capital Management Inc. lifted its holdings in BrightSpire Capital by 22.5% in the fourth quarter. Victory Capital Management Inc. now owns 17,155 shares of the company’s stock valued at $128,000 after acquiring an additional 3,156 shares during the period. Institutional investors and hedge funds own 56.57% of the company’s stock.

Insiders Place Their Bets

In other news, insider David A. Palame sold 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $6.76, for a total value of $338,000.00. Following the transaction, the insider now owns 347,832 shares in the company, valued at $2,351,344.32. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.91% of the stock is owned by company insiders.

Analyst Ratings Changes

BRSP has been the subject of several recent research reports. Raymond James lowered shares of BrightSpire Capital from an “outperform” rating to a “market perform” rating in a report on Friday, May 3rd. Barclays decreased their price objective on shares of 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. Finally, Bank of America lowered shares of BrightSpire Capital from a “neutral” rating to an “underperform” rating and set a $6.50 target price on the stock. in a research note on Monday, March 4th.

BrightSpire Capital Trading Down 0.9 %

Shares of NYSE:BRSP opened at $5.89 on Friday. The business’s 50 day moving average price is $6.12 and its 200-day moving average price is $6.72. BrightSpire Capital, Inc. has a 1 year low of $5.20 and a 1 year high of $8.01. The firm has a market capitalization of $768.82 million, a price-to-earnings ratio of -10.70 and a beta of 1.90. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.48 and a quick ratio of 0.48.

BrightSpire Capital (NYSE:BRSP) last posted its quarterly earnings data on Wednesday, May 1st. The company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $27.43 million for the quarter, compared to analyst estimates of $28.64 million. During the same quarter in the prior year, the company posted $0.26 earnings per share. On average, equities research analysts forecast that BrightSpire Capital, Inc. will post 0.82 earnings per share for the current fiscal year.

BrightSpire Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 13.59%. The ex-dividend date of this dividend is Friday, June 28th. BrightSpire Capital’s 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.