BrightSpire Capital, Inc. (NYSE:BRSP) Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D trimmed its holdings in BrightSpire Capital, Inc. (NYSE:BRSP) by 0.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 337,486 shares of the company’s stock after selling 2,167 shares during the period. State of New Jersey Common Pension Fund D owned 0.26% of BrightSpire Capital worth $1,903,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of BRSP. Private Management Group Inc. lifted its position in shares of BrightSpire Capital by 1.3% during the fourth quarter. Private Management Group Inc. now owns 4,632,732 shares of the company’s stock worth $26,129,000 after purchasing an additional 57,759 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of BrightSpire Capital by 0.5% in the third quarter. Geode Capital Management LLC now owns 3,082,637 shares of the company’s stock worth $17,267,000 after buying an additional 14,606 shares during the last quarter. Van ECK Associates Corp increased its holdings in BrightSpire Capital by 12.8% in the fourth quarter. Van ECK Associates Corp now owns 1,134,821 shares of the company’s stock valued at $6,400,000 after buying an additional 129,120 shares during the last quarter. Hotchkis & Wiley Capital Management LLC boosted its holdings in BrightSpire Capital by 7.3% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 1,028,517 shares of the company’s stock worth $5,760,000 after purchasing an additional 70,030 shares during the period. Finally, Private Advisor Group LLC lifted its holdings in BrightSpire Capital by 14.5% in the third quarter. Private Advisor Group LLC now owns 557,638 shares of the company’s stock worth $3,123,000 after acquiring an additional 70,752 shares during the last quarter. Hedge funds and other institutional investors own 56.57% of the company’s stock.

Wall Street Analysts Forecast Growth

BRSP has been the topic of a number of recent research reports. Alliance Global Partners started coverage on BrightSpire Capital in a research note on Friday, January 17th. They issued a “buy” rating and a $7.25 target price on the stock. B. Riley decreased their price objective on shares of BrightSpire Capital from $10.00 to $9.00 and set a “buy” rating for the company in a report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, BrightSpire Capital has a consensus rating of “Hold” and an average target price of $7.45.

BrightSpire Capital Trading Up 0.4 %

BrightSpire Capital stock opened at $6.08 on Tuesday. The business has a 50 day moving average price of $5.78 and a two-hundred day moving average price of $5.83. The company has a quick ratio of 0.73, a current ratio of 0.70 and a debt-to-equity ratio of 1.79. The stock has a market cap of $787.81 million, a price-to-earnings ratio of -5.79 and a beta of 1.88. BrightSpire Capital, Inc. has a 12 month low of $5.07 and a 12 month high of $7.04.

BrightSpire Capital (NYSE:BRSP) last posted its earnings results on Tuesday, February 18th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.03). The company had revenue of $17.46 million for the quarter, compared to the consensus estimate of $65.81 million. BrightSpire Capital had a positive return on equity of 8.82% and a negative net margin of 79.23%. During the same quarter last year, the business earned $0.28 EPS. As a group, equities analysts forecast that BrightSpire Capital, Inc. will post 0.67 EPS for the current year.

BrightSpire Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a $0.16 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.64 dividend on an annualized basis and a yield of 10.53%. BrightSpire Capital’s payout ratio is presently -60.95%.

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.