Geode Capital Management LLC Buys 25,841 Shares of BrightSpire Capital, Inc. $BRSP

Geode Capital Management LLC raised its stake in BrightSpire Capital, Inc. (NYSE:BRSP) by 0.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,133,854 shares of the company’s stock after acquiring an additional 25,841 shares during the period. Geode Capital Management LLC owned approximately 2.41% of BrightSpire Capital worth $15,828,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of BRSP. Nomura Holdings Inc. acquired a new position in BrightSpire Capital in the first quarter valued at about $18,085,000. North Ground Capital increased its holdings in BrightSpire Capital by 89.7% in the 1st quarter. North Ground Capital now owns 1,461,028 shares of the company’s stock valued at $8,123,000 after buying an additional 691,028 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of BrightSpire Capital by 23.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,950,366 shares of the company’s stock valued at $10,844,000 after buying an additional 368,414 shares in the last quarter. Nuveen LLC bought a new stake in shares of BrightSpire Capital during the 1st quarter worth approximately $1,670,000. Finally, Jane Street Group LLC boosted its position in shares of BrightSpire Capital by 257.9% during the 1st quarter. Jane Street Group LLC now owns 286,724 shares of the company’s stock worth $1,594,000 after acquiring an additional 206,610 shares in the last quarter. 56.57% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Weiss Ratings restated a “sell (d+)” rating on shares of BrightSpire Capital in a research report on Monday, November 24th. Citigroup reissued a “market outperform” rating on shares of BrightSpire Capital in a report on Thursday, October 30th. Five analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, BrightSpire Capital presently has an average rating of “Hold” and a consensus price target of $6.79.

BrightSpire Capital Stock Up 0.7%

NYSE:BRSP opened at $5.65 on Tuesday. BrightSpire Capital, Inc. has a one year low of $4.16 and a one year high of $6.45. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.55 and a quick ratio of 0.55. The company has a market cap of $732.97 million, a PE ratio of -18.83 and a beta of 1.38. The firm’s 50 day simple moving average is $5.38 and its 200 day simple moving average is $5.36.

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

BrightSpire Capital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were issued a dividend of $0.16 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $0.64 annualized dividend and a yield of 11.3%. BrightSpire Capital’s payout ratio is presently -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.