BrightSpire Capital, Inc. (NYSE:BRSP) Short Interest Update

BrightSpire Capital, Inc. (NYSE:BRSP) was the recipient of a large increase in short interest in February. As of February 28th, there was short interest totalling 1,110,000 shares, an increase of 39.0% from the February 13th total of 798,500 shares. Based on an average daily volume of 698,900 shares, the short-interest ratio is currently 1.6 days. Approximately 0.9% of the company’s stock are sold short.

Analyst Ratings Changes

Several equities research analysts have commented on BRSP shares. B. Riley cut their price target 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. Alliance Global Partners assumed coverage on BrightSpire Capital in a research report on Friday, January 17th. They set a “buy” rating and a $7.25 price target for the company. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $7.69.

BrightSpire Capital Price Performance

BRSP stock traded down $0.04 during mid-day trading on Monday, hitting $5.98. The stock had a trading volume of 486,491 shares, compared to its average volume of 715,226. The firm has a fifty day simple moving average of $5.84 and a 200 day simple moving average of $5.87. The firm has a market capitalization of $774.87 million, a P/E ratio of -5.69 and a beta of 1.98. 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 has a 52 week low of $5.07 and a 52 week high of $7.04.

BrightSpire Capital (NYSE:BRSP) last released its quarterly earnings data on Tuesday, February 18th. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.03). The business had revenue of $17.46 million during the quarter, compared to analyst estimates 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 last year, the business earned $0.28 earnings per share. As a group, research analysts forecast that BrightSpire Capital will post 0.67 EPS for the current year.

BrightSpire Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 10.71%. BrightSpire Capital’s dividend payout ratio is currently -60.95%.

Hedge Funds Weigh In On BrightSpire Capital

Several large investors have recently bought and sold shares of BRSP. Bank of New York Mellon Corp grew its stake in shares of BrightSpire Capital by 0.8% in the fourth 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. Allegiance Financial Group Advisory Services LLC raised its position in BrightSpire Capital by 30.3% during the 4th quarter. Allegiance Financial Group Advisory Services LLC now owns 19,087 shares of the company’s stock worth $108,000 after purchasing an additional 4,434 shares during the last quarter. Atria Investments Inc lifted its holdings in BrightSpire Capital by 18.2% during the 4th quarter. Atria Investments Inc now owns 35,869 shares of the company’s stock worth $202,000 after buying an additional 5,531 shares during the period. Gallagher Fiduciary Advisors LLC grew its position in shares of BrightSpire Capital by 18.9% in the 4th quarter. Gallagher Fiduciary Advisors LLC now owns 36,164 shares of the company’s stock valued at $204,000 after buying an additional 5,749 shares during the last quarter. Finally, Ameriflex Group Inc. acquired a new stake in shares of BrightSpire Capital in the fourth quarter valued at about $37,000. 56.57% of the stock is currently owned by institutional investors.

BrightSpire Capital Company 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.