MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Trims Stock Holdings in BrightSpire Capital, Inc. (NYSE:BRSP)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. reduced its stake in BrightSpire Capital, Inc. (NYSE:BRSP) by 38.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,581,952 shares of the company’s stock after selling 993,569 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in BrightSpire Capital were worth $8,922,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of BRSP. Fermata Advisors LLC purchased a new stake in BrightSpire Capital in the 4th quarter valued at about $65,000. Kingswood Wealth Advisors LLC purchased a new stake in BrightSpire Capital in the 4th quarter valued at about $163,000. Private Management Group Inc. raised its holdings in 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. Van ECK Associates Corp grew its position in BrightSpire Capital by 12.8% in the 4th 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 in the last quarter. Finally, J.W. Cole Advisors Inc. grew its position in BrightSpire Capital by 46.1% in the 4th quarter. J.W. Cole Advisors Inc. now owns 157,857 shares of the company’s stock valued at $890,000 after acquiring an additional 49,834 shares in the last quarter. 56.57% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

BRSP has been the subject of several research reports. Jones Trading reaffirmed a “buy” rating and issued a $6.50 target price on shares of BrightSpire Capital in a research report on Wednesday, April 30th. Alliance Global Partners reaffirmed a “buy” rating on shares of BrightSpire Capital in a research report on Wednesday, April 30th. Industrial Alliance Securities set a $6.50 target price on BrightSpire Capital in a research report on Wednesday, April 30th. Finally, JMP Securities dropped their target price on BrightSpire Capital from $7.50 to $6.50 and set a “market outperform” rating for the company in a research report on Tuesday, April 22nd. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $7.15.

BrightSpire Capital Stock Performance

Shares of BrightSpire Capital stock opened at $5.40 on Friday. BrightSpire Capital, Inc. has a one year low of $4.16 and a one year high of $6.71. The company has a market cap of $703.84 million, a PE ratio of -5.14 and a beta of 1.53. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.73 and a current ratio of 0.70. The business has a 50-day simple moving average of $5.19 and a 200-day simple moving average of $5.71.

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

BrightSpire Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 11.86%. The ex-dividend date was Monday, March 31st. BrightSpire Capital’s dividend payout ratio is presently -114.29%.

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.