UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $1.20 Million Stake in BrightSpire Capital, Inc. (NYSE:BRSP)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its stake in shares of BrightSpire Capital, Inc. (NYSE:BRSP) by 6.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 213,854 shares of the company’s stock after selling 15,541 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.16% of BrightSpire Capital worth $1,198,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in BRSP. Avior Wealth Management LLC grew its holdings in BrightSpire Capital by 363.1% during the 3rd quarter. Avior Wealth Management LLC now owns 9,266 shares of the company’s stock worth $52,000 after acquiring an additional 7,265 shares during the last quarter. ORG Partners LLC acquired a new stake in BrightSpire Capital in the 3rd quarter valued at $53,000. EverSource Wealth Advisors LLC lifted its position in BrightSpire Capital by 5,602.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 10,265 shares of the company’s stock valued at $59,000 after acquiring an additional 10,085 shares in the last quarter. McAdam LLC purchased a new stake in BrightSpire Capital in the 3rd quarter valued at $58,000. Finally, Founders Financial Securities LLC purchased a new stake in shares of BrightSpire Capital in the second quarter valued at about $62,000. 56.57% of the stock is currently owned by institutional investors and hedge funds.

BrightSpire Capital Trading Down 1.6 %

Shares of BRSP opened at $6.20 on Wednesday. The stock has a market capitalization of $804.05 million, a P/E ratio of -6.08 and a beta of 1.87. BrightSpire Capital, Inc. has a twelve month low of $5.07 and a twelve month high of $8.01. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 1.78. The firm has a fifty day simple moving average of $5.98 and a two-hundred day simple moving average of $5.90.

BrightSpire Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.16 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.64 annualized dividend and a yield of 10.32%. BrightSpire Capital’s payout ratio is -62.75%.

Analyst Upgrades and Downgrades

Separately, JMP Securities reissued a “market outperform” rating and set a $7.50 target price on shares of BrightSpire Capital in a report on Thursday, September 19th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, BrightSpire Capital has an average rating of “Hold” and a consensus price target of $7.00.

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.