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

BrightSpire Capital, Inc. (NYSE:BRSP) saw a large increase in short interest during the month of 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. Currently, 0.9% of the company’s shares are short sold. Based on an average daily volume of 698,900 shares, the days-to-cover ratio is currently 1.6 days.

Institutional Investors Weigh In On BrightSpire Capital

A number of institutional investors have recently added to or reduced their stakes in BRSP. Private Management Group Inc. raised its stake in shares of BrightSpire Capital by 1.3% during the 4th quarter. Private Management Group Inc. now owns 4,632,732 shares of the company’s stock valued at $26,129,000 after purchasing an additional 57,759 shares during the period. Geode Capital Management LLC lifted its holdings in shares of BrightSpire Capital by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 3,082,637 shares of the company’s stock worth $17,267,000 after acquiring an additional 14,606 shares during the last quarter. Conversant Capital LLC grew its position in BrightSpire Capital by 3.7% in the fourth quarter. Conversant Capital LLC now owns 2,801,223 shares of the company’s stock worth $15,799,000 after acquiring an additional 100,000 shares in the last quarter. Northern Trust Corp increased its stake in BrightSpire Capital by 7.6% in the fourth quarter. Northern Trust Corp now owns 1,287,299 shares of the company’s stock valued at $7,260,000 after acquiring an additional 91,263 shares during the last quarter. Finally, Van ECK Associates Corp lifted 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 purchasing an additional 129,120 shares during the last quarter. 56.57% of the stock is owned by institutional investors.

BrightSpire Capital Stock Down 0.6 %

BRSP traded down $0.04 during trading on Monday, hitting $5.98. 486,491 shares of the company’s stock were exchanged, compared to its average volume of 715,226. BrightSpire Capital has a fifty-two week low of $5.07 and a fifty-two week high of $7.04. The stock has a market cap of $774.87 million, a P/E ratio of -5.69 and a beta of 1.98. The business’s 50 day moving average is $5.84 and its two-hundred day moving average is $5.87. 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 (NYSE:BRSP) last posted its earnings results on Tuesday, February 18th. The company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates 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 positive return on equity of 8.82% and a negative net margin of 79.23%. During the same quarter in the prior year, the company earned $0.28 EPS. As a group, equities analysts expect that BrightSpire Capital 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 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 annualized dividend and a dividend yield of 10.71%. BrightSpire Capital’s payout ratio is -60.95%.

Analysts Set New Price Targets

BRSP has been the subject of a number of analyst reports. B. Riley lowered 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 note on Tuesday, January 7th. Alliance Global Partners initiated coverage on BrightSpire Capital in a 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 issued a buy rating to the company’s stock. According to MarketBeat.com, BrightSpire Capital 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.