LPL Financial LLC Sells 33,274 Shares of BrightSpire Capital, Inc. $BRSP

LPL Financial LLC decreased its holdings in BrightSpire Capital, Inc. (NYSE:BRSP) by 10.4% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 286,322 shares of the company’s stock after selling 33,274 shares during the period. LPL Financial LLC owned about 0.22% of BrightSpire Capital worth $1,592,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Bank of America Corp DE boosted its holdings in shares of BrightSpire Capital by 56.0% in the 4th quarter. Bank of America Corp DE now owns 158,229 shares of the company’s stock valued at $892,000 after purchasing an additional 56,787 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in BrightSpire Capital by 40.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 301,096 shares of the company’s stock valued at $1,698,000 after buying an additional 87,242 shares in the last quarter. Millennium Management LLC increased its position in BrightSpire Capital by 281.1% in the 4th quarter. Millennium Management LLC now owns 131,743 shares of the company’s stock valued at $743,000 after buying an additional 97,175 shares in the last quarter. Two Sigma Investments LP increased its holdings in BrightSpire Capital by 13.6% during the 4th quarter. Two Sigma Investments LP now owns 536,444 shares of the company’s stock worth $3,026,000 after purchasing an additional 64,384 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in BrightSpire Capital by 7.6% during the 4th quarter. Northern Trust Corp now owns 1,287,299 shares of the company’s stock worth $7,260,000 after purchasing an additional 91,263 shares in the last quarter. Institutional investors and hedge funds own 56.57% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Barclays reiterated an “underweight” rating and issued a $5.00 price objective (down previously from $7.00) on shares of BrightSpire Capital in a research note on Tuesday, July 8th. Alliance Global Partners reissued a “buy” rating on shares of BrightSpire Capital in a research note on Wednesday, April 30th. Jones Trading restated a “buy” rating and set a $6.50 price target on shares of BrightSpire Capital in a research report on Wednesday, July 30th. Finally, Industrial Alliance Securities set a $6.50 price objective on shares of BrightSpire Capital in a report on Wednesday, April 30th. Four research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $6.79.

BrightSpire Capital Stock Performance

Shares of NYSE BRSP opened at $5.5050 on Friday. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.54 and a current ratio of 0.54. The company has a market cap of $715.59 million, a P/E ratio of -25.02 and a beta of 1.53. The firm’s fifty day moving average is $5.21 and its two-hundred day moving average is $5.33. BrightSpire Capital, Inc. has a 52-week low of $4.16 and a 52-week high of $6.45.

BrightSpire Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, July 14th. Stockholders of record on Monday, June 30th were issued a $0.16 dividend. The ex-dividend date was Monday, June 30th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 11.6%. BrightSpire Capital’s payout ratio is -290.91%.

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.