Franklin Resources Inc. Has $683,000 Holdings in BrightSpire Capital, Inc. (NYSE:BRSP)

Franklin Resources Inc. trimmed its holdings in shares of BrightSpire Capital, Inc. (NYSE:BRSP) by 2.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 125,727 shares of the company’s stock after selling 2,960 shares during the period. Franklin Resources Inc. owned about 0.10% of BrightSpire Capital worth $683,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Avior Wealth Management LLC raised its position 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 during the period. ORG Partners LLC acquired a new stake in shares of BrightSpire Capital in the 3rd quarter valued at approximately $53,000. EverSource Wealth Advisors LLC boosted its holdings in shares of BrightSpire Capital by 5,602.8% during 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 acquired a new stake in BrightSpire Capital during the 3rd quarter worth approximately $58,000. Finally, Founders Financial Securities LLC bought a new position in BrightSpire Capital during the 2nd quarter worth $62,000. Institutional investors and hedge funds own 56.57% of the company’s stock.

BrightSpire Capital Trading Down 2.0 %

NYSE BRSP opened at $5.83 on Monday. BrightSpire Capital, Inc. has a 12 month low of $5.07 and a 12 month high of $7.72. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 1.78. The firm has a market capitalization of $756.06 million, a P/E ratio of -5.72 and a beta of 1.87. The business has a fifty day simple moving average of $6.06 and a 200 day simple moving average of $5.90.

BrightSpire Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid 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 payout ratio is presently -62.75%.

Wall Street Analyst Weigh In

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

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.