Alpine Global Management LLC Lowers Holdings in BrightSpire Capital, Inc. (NYSE:BRSP)

Alpine Global Management LLC trimmed its position in BrightSpire Capital, Inc. (NYSE:BRSP) by 10.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 821,830 shares of the company’s stock after selling 94,711 shares during the period. BrightSpire Capital accounts for 1.1% of Alpine Global Management LLC’s investment portfolio, making the stock its 15th biggest position. Alpine Global Management LLC’s holdings in BrightSpire Capital were worth $4,635,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Winthrop Advisory Group LLC purchased a new position in BrightSpire Capital during the fourth quarter worth about $61,000. Fermata Advisors LLC bought a new position in shares of BrightSpire Capital in the fourth quarter worth approximately $65,000. Cibc World Markets Corp purchased a new stake in BrightSpire Capital in the fourth quarter valued at approximately $68,000. Atria Wealth Solutions Inc. bought a new stake in BrightSpire Capital during the fourth quarter valued at approximately $72,000. Finally, Garden State Investment Advisory Services LLC bought a new position in shares of BrightSpire Capital in the 3rd quarter worth $75,000. Institutional investors own 56.57% of the company’s stock.

Wall Street Analyst Weigh In

BRSP has been the subject of several research reports. B. Riley cut their target price 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. Jones Trading decreased their price objective on BrightSpire Capital from $7.25 to $6.50 and set a “buy” rating on the stock in a report on Thursday, April 17th. Finally, Alliance Global Partners started coverage on BrightSpire Capital in a research note on Friday, January 17th. They issued a “buy” rating and a $7.25 target price for the company. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, BrightSpire Capital has an average rating of “Moderate Buy” and a consensus price target of $7.45.

BrightSpire Capital Trading Down 1.6 %

NYSE BRSP opened at $4.43 on Tuesday. The firm has a market cap of $578.81 million, a PE ratio of -4.22 and a beta of 1.54. BrightSpire Capital, Inc. has a 1-year low of $4.16 and a 1-year high of $6.71. The stock has a 50-day moving average of $5.55 and a 200-day moving average of $5.75. 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 (NYSE:BRSP) last announced 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). 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 the consensus estimate of $65.81 million. During the same quarter in the previous year, the firm posted $0.28 EPS. As a group, sell-side analysts forecast that BrightSpire Capital, Inc. will post 0.67 EPS for the current year.

BrightSpire Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued 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%.

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.