Brevan Howard Capital Management LP Buys New Shares in BrightSpire Capital, Inc. (NYSE:BRSP)

Brevan Howard Capital Management LP bought a new stake in BrightSpire Capital, Inc. (NYSE:BRSP) in the 4th quarter, Holdings Channel.com reports. The fund bought 10,079 shares of the company’s stock, valued at approximately $57,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Barclays PLC increased its stake in BrightSpire Capital by 329.1% in the third quarter. Barclays PLC now owns 198,351 shares of the company’s stock valued at $1,110,000 after purchasing an additional 152,131 shares during the last quarter. Atria Wealth Solutions Inc. acquired a new stake in BrightSpire Capital during the fourth quarter worth about $72,000. Raymond James Financial Inc. acquired a new stake in BrightSpire Capital during the fourth quarter worth about $315,000. J.W. Cole Advisors Inc. increased its stake in BrightSpire Capital by 46.1% during the fourth quarter. J.W. Cole Advisors Inc. now owns 157,857 shares of the company’s stock worth $890,000 after acquiring an additional 49,834 shares during the last quarter. Finally, Van ECK Associates Corp increased its stake in BrightSpire Capital by 12.8% during the fourth quarter. Van ECK Associates Corp now owns 1,134,821 shares of the company’s stock worth $6,400,000 after acquiring an additional 129,120 shares during the last quarter. 56.57% of the stock is currently owned by institutional investors and hedge funds.

BrightSpire Capital Price Performance

BRSP stock opened at $5.37 on Wednesday. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.73 and a current ratio of 0.70. BrightSpire Capital, Inc. has a 1 year low of $4.16 and a 1 year high of $6.71. The firm has a market cap of $700.58 million, a P/E ratio of -5.11 and a beta of 1.53. The stock has a 50-day simple moving average of $5.22 and a 200-day simple moving average of $5.71.

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

BrightSpire Capital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a $0.16 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.64 dividend on an annualized basis and a dividend yield of 11.92%. BrightSpire Capital’s dividend payout ratio (DPR) is currently -114.29%.

Analyst Ratings Changes

Several brokerages have commented on BRSP. Industrial Alliance Securities set a $6.50 price target on BrightSpire Capital in a research note on Wednesday, April 30th. Jones Trading restated a “buy” rating and set a $6.50 price target on shares of BrightSpire Capital in a research note on Wednesday, April 30th. Alliance Global Partners restated a “buy” rating on shares of BrightSpire Capital in a research note on Wednesday, April 30th. Finally, JMP Securities dropped their price target on BrightSpire Capital from $7.50 to $6.50 and set a “market outperform” rating for the company in a research note on Tuesday, April 22nd. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $7.15.

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.