BrightSpire Capital, Inc. $BRSP Position Boosted by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D raised its holdings in shares of BrightSpire Capital, Inc. (NYSE:BRSP) by 16.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 370,756 shares of the company’s stock after acquiring an additional 52,056 shares during the quarter. State of New Jersey Common Pension Fund D owned approximately 0.28% of BrightSpire Capital worth $1,872,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Atria Wealth Solutions Inc. purchased a new position in BrightSpire Capital during the 2nd quarter valued at about $53,000. Aigen Investment Management LP purchased a new position in BrightSpire Capital during the 1st quarter valued at about $57,000. M&T Bank Corp bought a new stake in shares of BrightSpire Capital in the 1st quarter valued at approximately $62,000. Arkadios Wealth Advisors bought a new stake in shares of BrightSpire Capital in the 1st quarter valued at approximately $65,000. Finally, Allworth Financial LP grew its stake in shares of BrightSpire Capital by 2,719.2% in the 1st quarter. Allworth Financial LP now owns 17,733 shares of the company’s stock valued at $99,000 after buying an additional 17,104 shares in the last quarter. Hedge funds and other institutional investors own 56.57% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Citigroup reissued a “market outperform” rating on shares of BrightSpire Capital in a research note on Thursday. Weiss Ratings reissued a “sell (d)” rating on shares of BrightSpire Capital in a research note on Tuesday, October 14th. Barclays reissued an “underweight” rating and issued a $5.00 price target (down previously from $7.00) on shares of BrightSpire Capital in a research note on Tuesday, July 8th. Finally, Jones Trading reissued a “buy” rating and issued a $6.50 price target on shares of BrightSpire Capital in a research note on Wednesday, July 30th. Five investment analysts have rated the stock with a Buy rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $6.79.

BrightSpire Capital Stock Down 0.5%

BRSP opened at $5.18 on Friday. The business has a 50 day moving average price of $5.53 and a 200 day moving average price of $5.28. BrightSpire Capital, Inc. has a twelve month low of $4.16 and a twelve month high of $6.45. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.54 and a current ratio of 0.55. The firm has a market cap of $671.48 million, a P/E ratio of -17.25 and a beta of 1.54.

BrightSpire Capital (NYSE:BRSP) last issued its quarterly earnings results on Wednesday, February 24th. The company reported $0.20 EPS for the quarter. BrightSpire Capital had a positive return on equity of 7.51% and a negative net margin of 26.91%.The company had revenue of $37.88 million during the quarter. Research analysts forecast that BrightSpire Capital, Inc. will post 0.67 EPS for the current year.

BrightSpire Capital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were issued a dividend of $0.16 per share. The ex-dividend date was Tuesday, September 30th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 12.4%. BrightSpire Capital’s payout ratio is -213.33%.

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.