Quadrature Capital Ltd Invests $164,000 in BrightSpire Capital, Inc. (NYSE:BRSP)

Quadrature Capital Ltd acquired a new position in BrightSpire Capital, Inc. (NYSE:BRSP) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 22,062 shares of the company’s stock, valued at approximately $164,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Quest Partners LLC acquired a new stake in shares of BrightSpire Capital in the fourth quarter worth $45,000. Arlington Trust Co LLC acquired a new stake in shares of BrightSpire Capital in the fourth quarter worth $67,000. Arkadios Wealth Advisors acquired a new stake in shares of BrightSpire Capital in the fourth quarter worth $77,000. Counterpoint Mutual Funds LLC acquired a new stake in BrightSpire Capital during the fourth quarter worth $88,000. Finally, Victory Capital Management Inc. boosted its stake in BrightSpire Capital by 22.5% during the fourth quarter. Victory Capital Management Inc. now owns 17,155 shares of the company’s stock worth $128,000 after buying an additional 3,156 shares in the last quarter. Institutional investors and hedge funds own 56.57% of the company’s stock.

BrightSpire Capital Stock Down 1.0 %

Shares of NYSE BRSP opened at $5.81 on Friday. The stock has a market cap of $759.02 million, a PE ratio of -10.56 and a beta of 1.90. The business has a fifty day moving average of $6.08 and a two-hundred day moving average of $6.68. BrightSpire Capital, Inc. has a 52-week low of $5.20 and a 52-week high of $8.01. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.48 and a current ratio of 0.48.

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

BrightSpire Capital Dividend Announcement

The firm also recently declared 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. The ex-dividend date is Friday, June 28th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 13.77%. BrightSpire Capital’s dividend payout ratio is -145.45%.

Wall Street Analyst Weigh In

BRSP has been the topic of a number of recent research reports. Bank of America downgraded shares of BrightSpire Capital from a “neutral” rating to an “underperform” rating and set a $6.50 price target on the stock. in a research note on Monday, March 4th. Barclays decreased their price target on shares of BrightSpire Capital from $8.00 to $7.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 2nd. Finally, Raymond James downgraded shares of BrightSpire Capital from an “outperform” rating to a “market perform” rating in a research note on Friday, May 3rd.

About BrightSpire Capital

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.