State Board of Administration of Florida Retirement System Sells 2,747 Shares of BrightSpire Capital, Inc. (NYSE:BRSP)

State Board of Administration of Florida Retirement System lowered its position in shares of BrightSpire Capital, Inc. (NYSE:BRSP – Get Rating) by 8.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,150 shares of the company’s stock after selling 2,747 shares during the period. State Board of Administration of Florida Retirement System’s holdings in BrightSpire Capital were worth $175,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in BRSP. Parallel Advisors LLC increased its stake in shares of BrightSpire Capital by 1,967.3% during the fourth quarter. Parallel Advisors LLC now owns 5,313 shares of the company’s stock worth $33,000 after purchasing an additional 5,056 shares during the period. Private Trust Co. NA bought a new position in BrightSpire Capital during the 4th quarter worth $40,000. Tower Research Capital LLC TRC increased its stake in BrightSpire Capital by 229.9% during the 3rd quarter. Tower Research Capital LLC TRC now owns 6,393 shares of the company’s stock worth $40,000 after acquiring an additional 4,455 shares during the period. Captrust Financial Advisors bought a new position in BrightSpire Capital during the 2nd quarter worth $45,000. Finally, Point72 Hong Kong Ltd bought a new position in BrightSpire Capital during the 1st quarter worth $51,000. Institutional investors own 38.18% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on BRSP. TheStreet upgraded BrightSpire Capital from a “d+” rating to a “c-” rating in a research note on Monday, April 10th. B. Riley restated a “buy” rating on shares of BrightSpire Capital in a research note on Tuesday, April 11th. Finally, Jonestrading restated a “hold” rating on shares of BrightSpire Capital in a research note on Wednesday, March 1st. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $10.25.

BrightSpire Capital Trading Up 0.9 %

Shares of BRSP stock opened at $5.87 on Tuesday. The stock’s fifty day moving average price is $5.67 and its two-hundred day moving average price is $6.55. The company has a market cap of $762.81 million, a PE ratio of 58.71 and a beta of 1.67. BrightSpire Capital, Inc. has a fifty-two week low of $5.21 and a fifty-two week high of $9.45. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.60 and a current ratio of 0.60.

BrightSpire Capital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 17th. Shareholders of record on Friday, March 31st were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 13.63%. The ex-dividend date of this dividend was Thursday, March 30th. BrightSpire Capital’s dividend payout ratio is presently 800.08%.

BrightSpire Capital Profile

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BrightSpire Capital, Inc is a real estate investment trust. It originates, acquires, finances, and manages portfolio consisting of commercial real estate (CRE) debt investments and net leased properties in the United States. It operates through the following segments: Senior Mezzanine Loans and Preferred Equity, Net Leased and other Real Estate, CRE Debt Securities, and Corporate.