Everstar Asset Management LLC Sells 28,150 Shares of BrightSpire Capital, Inc. (NYSE:BRSP)

Everstar Asset Management LLC lessened its holdings in shares of BrightSpire Capital, Inc. (NYSE:BRSP) by 40.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,192 shares of the company’s stock after selling 28,150 shares during the quarter. Everstar Asset Management LLC’s holdings in BrightSpire Capital were worth $238,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Intech Investment Management LLC bought a new stake in shares of BrightSpire Capital in the 3rd quarter worth $163,000. Garden State Investment Advisory Services LLC bought a new stake in BrightSpire Capital in the 3rd quarter worth about $75,000. Hotchkis & Wiley Capital Management LLC increased its stake in BrightSpire Capital by 7.3% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 1,028,517 shares of the company’s stock valued at $5,760,000 after buying an additional 70,030 shares during the last quarter. Jane Street Group LLC lifted its position in shares of BrightSpire Capital by 19.7% during the 3rd 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. Finally, Y Intercept Hong Kong Ltd boosted its stake in shares of BrightSpire Capital by 27.2% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 170,967 shares of the company’s stock worth $957,000 after buying an additional 36,579 shares during the last quarter. Institutional investors and hedge funds own 56.57% of the company’s stock.

BrightSpire Capital Price Performance

Shares of NYSE BRSP opened at $5.58 on Tuesday. The company has a current ratio of 0.70, a quick ratio of 0.73 and a debt-to-equity ratio of 1.79. The stock has a fifty day simple moving average of $5.88 and a two-hundred day simple moving average of $5.88. BrightSpire Capital, Inc. has a 1-year low of $5.07 and a 1-year high of $6.88. The firm has a market cap of $722.99 million, a price-to-earnings ratio of -5.31 and a beta of 1.98.

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). The firm had revenue of $17.46 million during the quarter, compared to analysts’ expectations 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 period last year, the business posted $0.28 EPS. Analysts anticipate that BrightSpire Capital, Inc. will post 0.67 earnings per share for the current year.

BrightSpire Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 11.48%. The ex-dividend date is Monday, March 31st. BrightSpire Capital’s payout ratio is currently -60.95%.

Analysts Set New Price Targets

BRSP has been the topic of a number of recent analyst reports. 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 on the stock. B. Riley lowered their target price on BrightSpire Capital from $10.00 to $9.00 and set a “buy” rating on the stock in a research note on Tuesday, January 7th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average 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.