Y Intercept Hong Kong Ltd Sells 150,780 Shares of BrightSpire Capital, Inc. (NYSE:BRSP)

Y Intercept Hong Kong Ltd cut its position in BrightSpire Capital, Inc. (NYSE:BRSP) by 88.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,187 shares of the company’s stock after selling 150,780 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in BrightSpire Capital were worth $114,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Avior Wealth Management LLC increased its stake 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 buying an additional 7,265 shares during the period. Winthrop Advisory Group LLC bought a new stake in BrightSpire Capital during the 4th quarter worth approximately $61,000. Fermata Advisors LLC acquired a new position in BrightSpire Capital in the 4th quarter valued at approximately $65,000. Atria Wealth Solutions Inc. bought a new position in shares of BrightSpire Capital during the fourth quarter valued at $72,000. Finally, Garden State Investment Advisory Services LLC acquired a new position in shares of BrightSpire Capital during the third quarter worth $75,000. 56.57% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. Alliance Global Partners initiated coverage on BrightSpire Capital in a report on Friday, January 17th. They issued a “buy” rating and a $7.25 price objective for the company. B. Riley decreased their price target on BrightSpire Capital from $10.00 to $9.00 and set a “buy” rating for the company in a research note on Tuesday, January 7th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, BrightSpire Capital has a consensus rating of “Moderate Buy” and an average price target of $7.69.

BrightSpire Capital Trading Down 0.1 %

BRSP opened at $6.11 on Thursday. BrightSpire Capital, Inc. has a twelve month low of $5.07 and a twelve month high of $7.04. The company has a fifty day moving average of $5.81 and a 200-day moving average of $5.86. The stock has a market cap of $791.73 million, a PE ratio of -5.81 and a beta of 1.88. The company has a quick ratio of 0.73, a current ratio of 0.70 and a debt-to-equity ratio of 1.79.

BrightSpire Capital (NYSE:BRSP) last issued its quarterly earnings results on Tuesday, February 18th. The company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.03). BrightSpire Capital had a negative net margin of 79.23% and a positive return on equity of 8.82%. The firm had revenue of $17.46 million for the quarter, compared to the consensus estimate of $65.81 million. During the same period last year, the company posted $0.28 EPS. On average, sell-side analysts predict that BrightSpire Capital, Inc. will post 0.67 EPS for the current year.

BrightSpire Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a dividend of $0.16 per share. The ex-dividend date was Tuesday, December 31st. This represents a $0.64 annualized dividend and a yield of 10.48%. BrightSpire Capital’s dividend payout ratio is currently -60.95%.

About BrightSpire Capital

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.