Greenland Capital Management LP Grows Position in BrightSpire Capital, Inc. (NYSE:BRSP)

Greenland Capital Management LP grew its position in shares of BrightSpire Capital, Inc. (NYSE:BRSP) by 11.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,070,000 shares of the company’s stock after purchasing an additional 110,000 shares during the quarter. BrightSpire Capital makes up about 1.0% of Greenland Capital Management LP’s portfolio, making the stock its 29th biggest holding. Greenland Capital Management LP owned 0.83% of BrightSpire Capital worth $6,035,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in BRSP. Legal & General Group Plc increased its holdings in BrightSpire Capital by 6.3% in the fourth quarter. Legal & General Group Plc now owns 140,008 shares of the company’s stock valued at $790,000 after buying an additional 8,285 shares in the last quarter. Invesco Ltd. grew its position in shares of BrightSpire Capital by 7.3% during the 4th quarter. Invesco Ltd. now owns 476,508 shares of the company’s stock valued at $2,688,000 after acquiring an additional 32,344 shares during the period. Fox Run Management L.L.C. purchased a new position in shares of BrightSpire Capital in the 4th quarter valued at about $149,000. KLP Kapitalforvaltning AS acquired a new position in BrightSpire Capital in the 4th quarter worth about $142,000. Finally, Sei Investments Co. boosted its position in BrightSpire Capital by 18.7% during the fourth quarter. Sei Investments Co. now owns 42,473 shares of the company’s stock worth $240,000 after purchasing an additional 6,700 shares in the last quarter. 56.57% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on BRSP shares. Alliance Global Partners started coverage on BrightSpire Capital in a research report on Friday, January 17th. They issued a “buy” rating and a $7.25 price objective for the company. B. Riley reduced their price objective on shares of BrightSpire Capital from $10.00 to $9.00 and set a “buy” rating for the company in a research report on Tuesday, January 7th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $7.69.

BrightSpire Capital Stock Performance

NYSE BRSP opened at $4.68 on Tuesday. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.70 and a quick ratio of 0.73. The stock’s 50 day simple moving average is $5.84 and its 200-day simple moving average is $5.85. The company has a market cap of $607.31 million, a PE ratio of -4.46 and a beta of 1.54. BrightSpire Capital, Inc. has a 1-year low of $4.58 and a 1-year high of $6.71.

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

BrightSpire Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a $0.16 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.64 dividend on an annualized basis and a yield of 13.67%. BrightSpire Capital’s payout ratio is -60.95%.

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.