HighPoint Advisor Group LLC Sells 4,801 Shares of BrightSpire Capital, Inc. (NYSE:BRSP)

HighPoint Advisor Group LLC lowered its stake in BrightSpire Capital, Inc. (NYSE:BRSP) by 11.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 36,064 shares of the company’s stock after selling 4,801 shares during the quarter. HighPoint Advisor Group LLC’s holdings in BrightSpire Capital were worth $207,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of BRSP. Private Management Group Inc. increased its stake in shares of BrightSpire Capital by 1.3% in the 4th quarter. Private Management Group Inc. now owns 4,632,732 shares of the company’s stock valued at $26,129,000 after buying an additional 57,759 shares during the period. Geode Capital Management LLC lifted its stake in shares of BrightSpire Capital by 0.5% during the third quarter. Geode Capital Management LLC now owns 3,082,637 shares of the company’s stock valued at $17,267,000 after acquiring an additional 14,606 shares during the period. Van ECK Associates Corp boosted 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 acquiring an additional 129,120 shares during the last quarter. Hotchkis & Wiley Capital Management LLC increased its position 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, Bank of New York Mellon Corp raised its holdings in BrightSpire Capital by 0.8% during the 4th quarter. Bank of New York Mellon Corp now owns 357,844 shares of the company’s stock worth $2,018,000 after purchasing an additional 2,798 shares during the last quarter. Institutional investors own 56.57% of the company’s stock.

Analysts Set New Price Targets

BRSP has been the topic of several recent research reports. B. Riley reduced their target price on shares of BrightSpire Capital from $10.00 to $9.00 and set a “buy” rating on the stock in a research note on Tuesday, January 7th. Alliance Global Partners assumed coverage on shares of BrightSpire Capital in a research note on Friday, January 17th. They issued a “buy” rating and a $7.25 price objective on the stock. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $7.69.

BrightSpire Capital Price Performance

BrightSpire Capital stock opened at $5.43 on Friday. The company has a current ratio of 0.70, a quick ratio of 0.73 and a debt-to-equity ratio of 1.79. The firm has a market capitalization of $703.54 million, a P/E ratio of -5.17 and a beta of 1.98. The business has a 50-day moving average of $5.87 and a 200-day moving average of $5.87. BrightSpire Capital, Inc. has a 1 year low of $5.07 and a 1 year high of $6.71.

BrightSpire Capital (NYSE:BRSP) last issued 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 firm had revenue of $17.46 million during the quarter, compared to the consensus estimate of $65.81 million. BrightSpire Capital had a negative net margin of 79.23% and a positive return on equity of 8.82%. During the same period in the previous year, the company posted $0.28 EPS. On average, equities analysts anticipate that BrightSpire Capital, Inc. will post 0.67 EPS for the current year.

BrightSpire Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 11.80%. The ex-dividend date is Monday, March 31st. 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.