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

BrightSpire Capital, Inc. (NYSE:BRSP) was the target of a large growth in short interest in the month of September. As of September 30th, there was short interest totalling 2,980,000 shares, a growth of 10.4% from the September 15th total of 2,700,000 shares. Approximately 2.3% of the shares of the company are short sold. Based on an average trading volume of 912,900 shares, the short-interest ratio is presently 3.3 days.

BrightSpire Capital Price Performance

Shares of NYSE:BRSP remained flat at $5.47 during trading on Thursday. 322,623 shares of the stock traded hands, compared to its average volume of 768,940. The company has a 50-day moving average of $5.68 and a 200 day moving average of $5.96. BrightSpire Capital has a twelve month low of $5.07 and a twelve month high of $8.01. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 1.69. The stock has a market capitalization of $714.58 million, a PE ratio of -9.95 and a beta of 1.89.

BrightSpire Capital Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 11.70%. The ex-dividend date was Monday, September 30th. BrightSpire Capital’s payout ratio is currently -116.36%.

Analyst Ratings Changes

Several research firms have weighed in on BRSP. JMP Securities reiterated a “market outperform” rating and issued a $7.50 price objective on shares of BrightSpire Capital in a report on Thursday, September 19th. BTIG Research restated a “neutral” rating on shares of BrightSpire Capital in a report on Friday, July 19th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat, BrightSpire Capital currently has a consensus rating of “Hold” and a consensus price target of $7.00.

Institutional Investors Weigh In On BrightSpire Capital

Several institutional investors have recently bought and sold shares of BRSP. Vanguard Group Inc. grew its stake in BrightSpire Capital by 7.0% during the 4th quarter. Vanguard Group Inc. now owns 13,353,915 shares of the company’s stock worth $99,353,000 after buying an additional 873,407 shares during the last quarter. Private Advisor Group LLC grew its stake in BrightSpire Capital by 232.7% in the second quarter. Private Advisor Group LLC now owns 486,886 shares of the company’s stock valued at $2,775,000 after purchasing an additional 340,563 shares in the last quarter. Van ECK Associates Corp raised its holdings in shares of BrightSpire Capital by 34.7% during the 2nd quarter. Van ECK Associates Corp now owns 1,067,438 shares of the company’s stock valued at $6,084,000 after purchasing an additional 275,175 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in BrightSpire Capital by 4.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 105,399 shares of the company’s stock valued at $727,000 after acquiring an additional 4,269 shares during the period. Finally, Cetera Advisors LLC lifted its position in BrightSpire Capital by 23.7% in the first quarter. Cetera Advisors LLC now owns 62,951 shares of the company’s stock worth $434,000 after purchasing an additional 12,050 shares during the period. 56.57% of the stock is currently owned by hedge funds and other institutional investors.

About BrightSpire Capital

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.