BrightSpire Capital, Inc. (NYSE:BRSP) Short Interest Down 28.0% in August

BrightSpire Capital, Inc. (NYSE:BRSP) was the recipient of a large decrease in short interest in the month of August. As of August 31st, there was short interest totalling 827,500 shares, a decrease of 28.0% from the August 15th total of 1,150,000 shares. Based on an average trading volume of 520,800 shares, the days-to-cover ratio is presently 1.6 days. Approximately 0.9% of the shares of the stock are sold short.

Shares of BRSP stock traded down $0.26 on Monday, hitting $9.68. 672,731 shares of the company’s stock were exchanged, compared to its average volume of 447,251. The company has a debt-to-equity ratio of 1.03, a quick ratio of 5.23 and a current ratio of 5.23. BrightSpire Capital has a 12 month low of $4.37 and a 12 month high of $10.68. The company has a market capitalization of $1.26 billion, a PE ratio of -8.08 and a beta of 1.77. The stock’s 50 day moving average is $9.73.

BrightSpire Capital (NYSE:BRSP) last announced its quarterly earnings data on Tuesday, August 3rd. The company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.34). BrightSpire Capital had a positive return on equity of 5.08% and a negative net margin of 143.53%. As a group, analysts predict that BrightSpire Capital will post 0.63 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, October 15th. Shareholders of record on Thursday, September 30th will be given a $0.16 dividend. The ex-dividend date of this dividend is Wednesday, September 29th. This is an increase from BrightSpire Capital’s previous quarterly dividend of $0.14. This represents a $0.64 annualized dividend and a yield of 6.61%. BrightSpire Capital’s dividend payout ratio (DPR) is currently 70.00%.

A number of analysts have recently weighed in on the company. BTIG Research upgraded BrightSpire Capital from a “neutral” rating to a “buy” rating and set a $11.50 target price for the company in a research report on Thursday, August 19th. Zacks Investment Research downgraded BrightSpire Capital from a “buy” rating to a “hold” rating in a research report on Tuesday, July 20th.

Institutional investors have recently bought and sold shares of the business. BlackRock Inc. acquired a new stake in BrightSpire Capital during the second quarter worth approximately $75,292,000. Vanguard Group Inc. bought a new position in shares of BrightSpire Capital in the second quarter valued at approximately $71,856,000. Nut Tree Capital Management LP bought a new position in shares of BrightSpire Capital in the second quarter valued at approximately $66,841,000. Geode Capital Management LLC bought a new position in shares of BrightSpire Capital in the second quarter valued at approximately $13,280,000. Finally, State Street Corp bought a new stake in BrightSpire Capital during the second quarter worth $12,842,000. Hedge funds and other institutional investors own 32.11% of the company’s stock.

BrightSpire Capital Company Profile

BrightSpire Capital, Inc operates as a real estate investment trust. It originates, acquires, finances, and manages diversified portfolio consisting primarily of commercial real estate (CRE) senior mortgage loans, mezzanine loans, preferred equity, debt securities and net leased properties predominantly in the United States.

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