BrightSpire Capital, Inc. (NYSE:BRSP) Short Interest Update

BrightSpire Capital, Inc. (NYSE:BRSP) was the target of a significant growth in short interest in the month of June. As of June 15th, there was short interest totalling 1,800,000 shares, a growth of 25.9% from the May 31st total of 1,430,000 shares. Approximately 1.4% of the shares of the company are sold short. Based on an average trading volume of 703,300 shares, the short-interest ratio is currently 2.6 days.

Analyst Ratings Changes

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

Institutional Trading of BrightSpire Capital

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Cetera Advisors LLC increased its stake in BrightSpire Capital by 23.7% in the 1st quarter. Cetera Advisors LLC now owns 62,951 shares of the company’s stock worth $434,000 after acquiring an additional 12,050 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in BrightSpire Capital by 4.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 105,399 shares of the company’s stock worth $727,000 after purchasing an additional 4,269 shares during the last quarter. Alpine Global Management LLC increased its position in BrightSpire Capital by 85.3% in the first quarter. Alpine Global Management LLC now owns 62,934 shares of the company’s stock worth $434,000 after purchasing an additional 28,967 shares during the last quarter. Private Management Group Inc. raised its stake in BrightSpire Capital by 0.4% during the first quarter. Private Management Group Inc. now owns 4,449,454 shares of the company’s stock valued at $30,657,000 after purchasing an additional 17,111 shares in the last quarter. Finally, ProShare Advisors LLC lifted its position in BrightSpire Capital by 8.5% during the first quarter. ProShare Advisors LLC now owns 23,160 shares of the company’s stock valued at $160,000 after purchasing an additional 1,821 shares during the last quarter. 56.57% of the stock is currently owned by institutional investors.

BrightSpire Capital Trading Up 0.7 %

Shares of BrightSpire Capital stock opened at $5.74 on Tuesday. BrightSpire Capital has a fifty-two week low of $5.20 and a fifty-two week high of $8.01. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 1.63. The company has a fifty day moving average of $6.05 and a 200 day moving average of $6.64.

BrightSpire Capital (NYSE:BRSP) last announced its quarterly earnings data on Wednesday, May 1st. The company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.02). The business had revenue of $27.43 million during the quarter, compared to analysts’ expectations 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 quarter in the previous year, the firm earned $0.26 earnings per share. On average, equities analysts forecast that BrightSpire Capital will post 0.79 earnings per share for the current fiscal year.

BrightSpire Capital Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be given a dividend of $0.20 per share. The ex-dividend date is Friday, June 28th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 13.94%. BrightSpire Capital’s dividend payout ratio is -145.45%.

BrightSpire Capital Company 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.