BrightSpire Capital, Inc. (NYSE:BRSP) Shares Purchased by Barclays PLC

Barclays PLC grew its position in shares of BrightSpire Capital, Inc. (NYSE:BRSP) by 329.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 198,351 shares of the company’s stock after purchasing an additional 152,131 shares during the period. Barclays PLC owned 0.15% of BrightSpire Capital worth $1,110,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Avior Wealth Management LLC boosted its position in BrightSpire Capital by 363.1% during the third 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 shares of BrightSpire Capital during the third quarter worth $53,000. EverSource Wealth Advisors LLC grew its position in shares of BrightSpire Capital by 5,602.8% in the second quarter. EverSource Wealth Advisors LLC now owns 10,265 shares of the company’s stock valued at $59,000 after purchasing an additional 10,085 shares during the period. McAdam LLC acquired a new position in BrightSpire Capital in the third quarter valued at $58,000. Finally, Founders Financial Securities LLC acquired a new position in BrightSpire Capital in the second quarter valued at $62,000. 56.57% of the stock is currently owned by hedge funds and other institutional investors.

BrightSpire Capital Trading Down 2.0 %

BRSP stock opened at $5.83 on Monday. BrightSpire Capital, Inc. has a 52 week low of $5.07 and a 52 week high of $7.72. The company has a market cap of $756.06 million, a price-to-earnings ratio of -5.72 and a beta of 1.87. 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 business has a fifty day simple moving average of $6.06 and a 200-day simple moving average of $5.90.

BrightSpire Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a $0.16 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.64 dividend on an annualized basis and a dividend yield of 10.98%. BrightSpire Capital’s dividend payout ratio (DPR) is -62.75%.

Analysts Set New Price Targets

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

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.