Barclays PLC Increases Stock Holdings in BrightSpire Capital, Inc. (NYSE:BRSP)

Barclays PLC increased its holdings in BrightSpire Capital, Inc. (NYSE:BRSP) by 329.1% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 198,351 shares of the company’s stock after buying an additional 152,131 shares during the period. Barclays PLC owned about 0.15% of BrightSpire Capital worth $1,110,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Avior Wealth Management LLC lifted its holdings in shares of BrightSpire Capital by 363.1% in the third quarter. Avior Wealth Management LLC now owns 9,266 shares of the company’s stock valued at $52,000 after purchasing an additional 7,265 shares in the last quarter. ORG Partners LLC purchased a new stake in BrightSpire Capital in the 3rd quarter valued at approximately $53,000. McAdam LLC acquired a new stake in BrightSpire Capital during the 3rd quarter valued at $58,000. EverSource Wealth Advisors LLC increased its position in BrightSpire Capital by 5,602.8% during the second quarter. EverSource Wealth Advisors LLC now owns 10,265 shares of the company’s stock worth $59,000 after buying an additional 10,085 shares in the last quarter. Finally, Algert Global LLC acquired a new position in shares of BrightSpire Capital in the second quarter worth $75,000. 56.57% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BRSP has been the topic of a number of recent analyst reports. B. Riley reduced their price target on BrightSpire Capital from $10.00 to $9.00 and set a “buy” rating on the stock in a research note on Tuesday, January 7th. JMP Securities reissued a “market outperform” rating and issued a $7.50 price target on shares of BrightSpire Capital in a research note on Thursday, September 19th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $7.50.

BrightSpire Capital Trading Down 0.7 %

NYSE BRSP opened at $5.49 on Tuesday. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.73 and a current ratio of 0.73. BrightSpire Capital, Inc. has a one year low of $5.07 and a one year high of $7.71. The company’s 50 day moving average price is $6.09 and its 200 day moving average price is $5.88. The firm has a market capitalization of $711.97 million, a price-to-earnings ratio of -5.38 and a beta of 1.88.

BrightSpire Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued 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 dividend yield of 11.66%. BrightSpire Capital’s payout ratio is -62.75%.

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.