BrightSpire Capital, Inc. (NYSE:BRSP) Shares Acquired by Balyasny Asset Management L.P.

Balyasny Asset Management L.P. lifted its stake in shares of BrightSpire Capital, Inc. (NYSE:BRSP) by 16.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,132,234 shares of the company’s stock after buying an additional 163,790 shares during the quarter. Balyasny Asset Management L.P.’s holdings in BrightSpire Capital were worth $6,386,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Winthrop Advisory Group LLC purchased a new stake in shares of BrightSpire Capital during the fourth quarter valued at approximately $61,000. Dark Forest Capital Management LP purchased a new position in shares of BrightSpire Capital in the fourth quarter valued at $64,000. Fermata Advisors LLC acquired a new stake in BrightSpire Capital during the 4th quarter valued at $65,000. Cibc World Markets Corp purchased a new stake in BrightSpire Capital during the 4th quarter worth $68,000. Finally, Atria Wealth Solutions Inc. acquired a new position in BrightSpire Capital in the 4th quarter worth $72,000. 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 analyst reports. Alliance Global Partners reaffirmed a “buy” rating on shares of BrightSpire Capital in a research report on Wednesday, April 30th. Jones Trading reiterated a “buy” rating and set a $6.50 target price on shares of BrightSpire Capital in a research note on Wednesday, April 30th. Industrial Alliance Securities set a $6.50 price target on shares of BrightSpire Capital in a research note on Wednesday, April 30th. Finally, JMP Securities reduced their price objective on shares of BrightSpire Capital from $7.50 to $6.50 and set a “market outperform” rating on the stock in a research note on Tuesday, April 22nd. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, BrightSpire Capital has a consensus rating of “Moderate Buy” and an average price target of $7.15.

BrightSpire Capital Stock Performance

BRSP stock opened at $5.19 on Friday. The firm has a market cap of $677.10 million, a P/E ratio of -4.94 and a beta of 1.53. The stock’s 50 day simple moving average is $5.25 and its 200 day simple moving average is $5.71. The company has a current ratio of 0.70, a quick ratio of 0.73 and a debt-to-equity ratio of 1.79. BrightSpire Capital, Inc. has a 12-month low of $4.16 and a 12-month high of $6.71.

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

BrightSpire Capital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 12.33%. The ex-dividend date was Monday, March 31st. BrightSpire Capital’s dividend payout ratio (DPR) is presently -114.29%.

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.