BrightSpire Capital, Inc. (NYSE:BRSP) Short Interest Down 41.1% in January

BrightSpire Capital, Inc. (NYSE:BRSP) saw a large decline in short interest during the month of January. As of January 15th, there was short interest totalling 1,220,000 shares, a decline of 41.1% from the December 31st total of 2,070,000 shares. Approximately 1.0% of the company’s stock are sold short. Based on an average trading volume of 609,200 shares, the short-interest ratio is currently 2.0 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Barclays PLC raised its holdings in BrightSpire Capital by 329.1% in the 3rd quarter. Barclays PLC now owns 198,351 shares of the company’s stock worth $1,110,000 after purchasing an additional 152,131 shares during the period. Jane Street Group LLC increased its position in BrightSpire Capital by 19.7% in the third quarter. Jane Street Group LLC now owns 193,470 shares of the company’s stock worth $1,083,000 after buying an additional 31,865 shares in the last quarter. Geode Capital Management LLC lifted its position 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 valued at $17,267,000 after buying an additional 14,606 shares in the last quarter. Atria Investments Inc lifted its position in shares of BrightSpire Capital by 34.5% during the 3rd quarter. Atria Investments Inc now owns 30,338 shares of the company’s stock valued at $170,000 after buying an additional 7,779 shares in the last quarter. Finally, Renaissance Technologies LLC grew its stake in shares of BrightSpire Capital by 50.1% during the 2nd quarter. Renaissance Technologies LLC now owns 294,200 shares of the company’s stock valued at $1,677,000 after acquiring an additional 98,236 shares during the period. Hedge funds and other institutional investors own 56.57% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on BRSP shares. B. Riley dropped their price objective on BrightSpire Capital from $10.00 to $9.00 and set a “buy” rating on the stock in a research report on Tuesday, January 7th. Alliance Global Partners initiated coverage on shares of BrightSpire Capital in a research note on Friday, January 17th. They issued a “buy” rating and a $7.25 price target for the company. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $7.45.

BrightSpire Capital Stock Performance

Shares of BrightSpire Capital stock traded down $0.01 during trading hours on Friday, reaching $5.63. 639,614 shares of the stock traded hands, compared to its average volume of 522,578. The company has a 50 day moving average price of $5.94 and a 200 day moving average price of $5.85. BrightSpire Capital has a one year low of $5.07 and a one year high of $7.49. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 1.78. The firm has a market capitalization of $730.62 million, a price-to-earnings ratio of -5.52 and a beta of 1.88.

BrightSpire Capital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.16 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.64 dividend on an annualized basis and a yield of 11.36%. BrightSpire Capital’s dividend payout ratio is currently -62.75%.

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.