BrightSpire Capital, Inc. (NYSE:BRSP) Shares Bought by J.W. Cole Advisors Inc.

J.W. Cole Advisors Inc. boosted its holdings in shares of BrightSpire Capital, Inc. (NYSE:BRSPFree Report) by 46.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 157,857 shares of the company’s stock after buying an additional 49,834 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in BrightSpire Capital were worth $890,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Barclays PLC increased its position in BrightSpire Capital by 329.1% during the third quarter. Barclays PLC now owns 198,351 shares of the company’s stock worth $1,110,000 after buying an additional 152,131 shares in the last quarter. Van ECK Associates Corp raised its position in shares of 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 buying an additional 129,120 shares during the last quarter. Private Management Group Inc. lifted its stake in shares of BrightSpire Capital by 1.9% during the third quarter. Private Management Group Inc. now owns 4,574,973 shares of the company’s stock valued at $25,620,000 after buying an additional 85,787 shares during the period. Private Advisor Group LLC boosted its position in BrightSpire Capital by 14.5% during the third quarter. Private Advisor Group LLC now owns 557,638 shares of the company’s stock worth $3,123,000 after acquiring an additional 70,752 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC boosted its position in BrightSpire Capital by 7.3% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 1,028,517 shares of the company’s stock worth $5,760,000 after acquiring an additional 70,030 shares during the last quarter. Institutional investors and hedge funds own 56.57% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Alliance Global Partners initiated coverage on BrightSpire Capital in a research report on Friday, January 17th. They set a “buy” rating and a $7.25 target price on the stock. B. Riley decreased 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 report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, BrightSpire Capital currently has an average rating of “Hold” and an average price target of $7.45.

Check Out Our Latest Analysis on BRSP

BrightSpire Capital Stock Performance

BrightSpire Capital stock opened at $5.95 on Wednesday. The stock’s 50-day moving average is $5.81 and its 200-day moving average is $5.81. The company has a market cap of $770.95 million, a price-to-earnings ratio of -5.83 and a beta of 1.88. BrightSpire Capital, Inc. has a 12 month low of $5.07 and a 12 month high of $7.04. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.73 and a quick ratio of 0.73.

BrightSpire Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 10.77%. The ex-dividend date of this dividend was Tuesday, December 31st. BrightSpire Capital’s payout ratio is currently -62.75%.

BrightSpire Capital Profile

(Free Report)

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.

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Institutional Ownership by Quarter for BrightSpire Capital (NYSE:BRSP)

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