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

BrightSpire Capital, Inc. (NYSE:BRSP) was the recipient of a large growth in short interest in the month of March. As of March 31st, there was short interest totalling 2,390,000 shares, a growth of 107.8% from the March 15th total of 1,150,000 shares. Approximately 1.9% of the company’s shares are short sold. Based on an average trading volume of 840,600 shares, the short-interest ratio is currently 2.8 days.

Institutional Investors Weigh In On BrightSpire Capital

A number of large investors have recently added to or reduced their stakes in the company. Merit Financial Group LLC increased its position in shares of BrightSpire Capital by 5.3% during the first quarter. Merit Financial Group LLC now owns 112,222 shares of the company’s stock worth $624,000 after acquiring an additional 5,647 shares during the last quarter. Ameriflex Group Inc. acquired a new position in shares of BrightSpire Capital in the 4th quarter valued at approximately $37,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of BrightSpire Capital by 40.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 301,096 shares of the company’s stock valued at $1,698,000 after buying an additional 87,242 shares during the last quarter. Two Sigma Advisers LP grew its position in shares of BrightSpire Capital by 5.0% during the fourth quarter. Two Sigma Advisers LP now owns 602,000 shares of the company’s stock worth $3,395,000 after buying an additional 28,800 shares in the last quarter. Finally, Two Sigma Investments LP increased its stake in shares of BrightSpire Capital by 13.6% in the fourth quarter. Two Sigma Investments LP now owns 536,444 shares of the company’s stock worth $3,026,000 after buying an additional 64,384 shares during the last quarter. 56.57% of the stock is owned by institutional investors and hedge funds.

BrightSpire Capital Trading Down 0.4 %

Shares of BrightSpire Capital stock traded down $0.02 during trading hours on Wednesday, hitting $4.43. The company’s stock had a trading volume of 504,773 shares, compared to its average volume of 764,077. The business has a fifty day moving average of $5.65 and a 200 day moving average of $5.78. The company has a quick ratio of 0.73, a current ratio of 0.70 and a debt-to-equity ratio of 1.79. BrightSpire Capital has a 1-year low of $4.16 and a 1-year high of $6.71. The company has a market capitalization of $578.81 million, a PE ratio of -4.22 and a beta of 1.54.

BrightSpire Capital (NYSE:BRSP) last issued 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 quarter in the prior year, the firm earned $0.28 EPS. As a group, equities 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 was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a dividend of $0.16 per share. 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 14.45%. BrightSpire Capital’s dividend payout ratio is currently -60.95%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on BRSP shares. Alliance Global Partners started coverage on BrightSpire Capital in a report on Friday, January 17th. They set a “buy” rating and a $7.25 price objective on the stock. B. Riley dropped 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 note on Tuesday, January 7th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $7.69.

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.