J.W. Cole Advisors Inc. Invests $97,000 in BrightSpire Capital, Inc. (NYSE:BRSP)

J.W. Cole Advisors Inc. acquired a new position in shares of BrightSpire Capital, Inc. (NYSE:BRSPFree Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 14,010 shares of the company’s stock, valued at approximately $97,000.

Other institutional investors also recently modified their holdings of the company. Allspring Global Investments Holdings LLC grew its holdings in shares of BrightSpire Capital by 2,407.1% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 5,992 shares of the company’s stock worth $41,000 after purchasing an additional 5,753 shares in the last quarter. Quest Partners LLC bought a new position in shares of BrightSpire Capital during the 4th quarter worth approximately $45,000. Arlington Trust Co LLC bought a new position in shares of BrightSpire Capital during the 4th quarter worth approximately $67,000. Arkadios Wealth Advisors bought a new position in shares of BrightSpire Capital during the 4th quarter worth approximately $77,000. Finally, Counterpoint Mutual Funds LLC bought a new position in shares of BrightSpire Capital during the 4th quarter worth approximately $88,000. Institutional investors and hedge funds own 56.57% of the company’s stock.

BrightSpire Capital Stock Performance

Shares of BRSP opened at $5.84 on Monday. The stock has a fifty day moving average price of $6.00 and a two-hundred day moving average price of $6.60. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.48 and a current ratio of 0.48. BrightSpire Capital, Inc. has a 52-week low of $5.20 and a 52-week high of $8.01. The company has a market cap of $762.91 million, a price-to-earnings ratio of -10.62 and a beta of 1.92.

BrightSpire Capital (NYSE:BRSPGet Free Report) last issued its quarterly earnings data on Wednesday, May 1st. The company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.02). BrightSpire Capital had a negative net margin of 33.20% and a positive return on equity of 9.36%. The business had revenue of $27.43 million during the quarter, compared to the consensus estimate of $28.64 million. During the same quarter in the previous year, the firm posted $0.26 EPS. Analysts predict that BrightSpire Capital, Inc. will post 0.79 EPS for the current fiscal year.

BrightSpire Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be given a $0.20 dividend. The ex-dividend date is Friday, June 28th. This represents a $0.80 annualized dividend and a yield of 13.70%. BrightSpire Capital’s payout ratio is -145.45%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Raymond James downgraded BrightSpire Capital from an “outperform” rating to a “market perform” rating in a research report on Friday, May 3rd. Barclays cut their target price on BrightSpire Capital from $8.00 to $7.00 and set an “equal weight” rating for the company in a research report on Thursday, May 2nd.

Check Out Our Latest Stock Report on BrightSpire Capital

BrightSpire Capital Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for BrightSpire Capital (NYSE:BRSP)

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