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

BrightSpire Capital, Inc. (NYSE:BRSP) saw a significant decline in short interest in February. As of February 15th, there was short interest totalling 798,500 shares, a decline of 20.9% from the January 31st total of 1,010,000 shares. Based on an average daily volume of 657,400 shares, the days-to-cover ratio is currently 1.2 days. Currently, 0.6% of the company’s stock are sold short.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Alliance Global Partners assumed coverage on BrightSpire Capital in a research report on Friday, January 17th. They set a “buy” rating and a $7.25 price target on the stock. B. Riley dropped their price target 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. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, BrightSpire Capital has a consensus rating of “Hold” and an average target price of $7.45.

BrightSpire Capital Stock Down 1.2 %

NYSE:BRSP traded down $0.08 during trading hours on Tuesday, reaching $6.13. 897,034 shares of the company traded hands, compared to its average volume of 788,737. The business’s 50-day moving average price is $5.81 and its two-hundred day moving average price is $5.86. The stock has a market capitalization of $794.32 million, a P/E ratio of -5.83 and a beta of 1.88. BrightSpire Capital has a 1 year low of $5.07 and a 1 year high of $7.04. 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 (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.03). The company had revenue of $17.46 million for the quarter, compared to analysts’ expectations of $65.81 million. BrightSpire Capital had a negative net margin of 79.23% and a positive return on equity of 8.82%. During the same quarter in the previous year, the firm posted $0.28 EPS. Analysts predict that BrightSpire Capital will post 0.67 earnings per share for the current year.

BrightSpire Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 10.45%. The ex-dividend date of this dividend was Tuesday, December 31st. BrightSpire Capital’s payout ratio is -60.95%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Barclays PLC raised its stake in shares of BrightSpire Capital by 329.1% in the third 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 last quarter. Jane Street Group LLC raised its stake in shares of 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 purchasing an additional 31,865 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of BrightSpire Capital by 0.5% in the third quarter. Geode Capital Management LLC now owns 3,082,637 shares of the company’s stock worth $17,267,000 after purchasing an additional 14,606 shares during the last quarter. Atria Investments Inc raised its stake in shares of BrightSpire Capital by 34.5% in the third quarter. Atria Investments Inc now owns 30,338 shares of the company’s stock worth $170,000 after purchasing an additional 7,779 shares during the last quarter. Finally, J.W. Cole Advisors Inc. raised its stake in shares of BrightSpire Capital by 46.1% in the fourth quarter. J.W. Cole Advisors Inc. now owns 157,857 shares of the company’s stock worth $890,000 after purchasing an additional 49,834 shares during the last quarter. Hedge funds and other institutional investors own 56.57% of the company’s stock.

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.