BrightSpire Capital, Inc. $BRSP Stock Holdings Lifted by Allianz Asset Management GmbH

Allianz Asset Management GmbH increased its holdings in BrightSpire Capital, Inc. (NYSE:BRSP) by 123.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 206,239 shares of the company’s stock after buying an additional 113,876 shares during the period. Allianz Asset Management GmbH owned about 0.16% of BrightSpire Capital worth $1,120,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of BRSP. Focus Partners Advisor Solutions LLC acquired a new position in BrightSpire Capital in the second quarter valued at approximately $81,000. Waterfall Asset Management LLC bought a new stake in shares of BrightSpire Capital in the 2nd quarter worth approximately $999,000. State of New Jersey Common Pension Fund D boosted its position in BrightSpire Capital by 16.3% during the 2nd quarter. State of New Jersey Common Pension Fund D now owns 370,756 shares of the company’s stock valued at $1,872,000 after purchasing an additional 52,056 shares during the period. Greenland Capital Management LP grew its stake in BrightSpire Capital by 5.0% during the 2nd quarter. Greenland Capital Management LP now owns 1,349,430 shares of the company’s stock worth $6,815,000 after buying an additional 64,430 shares during the last quarter. Finally, North Ground Capital increased its position in BrightSpire Capital by 90.5% in the third quarter. North Ground Capital now owns 2,520,000 shares of the company’s stock worth $13,684,000 after buying an additional 1,197,000 shares during the period. Institutional investors and hedge funds own 56.57% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on BRSP shares. B. Riley Financial assumed coverage on BrightSpire Capital in a research note on Monday, January 5th. They issued a “buy” rating and a $7.50 target price on the stock. Weiss Ratings raised shares of BrightSpire Capital from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, February 3rd. Finally, Citigroup reissued a “market outperform” rating on shares of BrightSpire Capital in a research note on Thursday, October 30th. Five research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $6.40.

BrightSpire Capital Price Performance

NYSE BRSP opened at $5.72 on Friday. BrightSpire Capital, Inc. has a 12 month low of $4.16 and a 12 month high of $6.32. The firm has a market capitalization of $741.41 million, a PE ratio of -19.05 and a beta of 1.39. The company’s 50 day simple moving average is $5.88 and its 200 day simple moving average is $5.63. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.55 and a quick ratio of 0.55.

BrightSpire Capital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 11.2%. The ex-dividend date of this dividend was Wednesday, December 31st. BrightSpire Capital’s payout ratio is presently -213.33%.

About BrightSpire Capital

BrightSpire Capital Inc (NYSE: BRSP) is a real estate investment trust (REIT) specializing in commercial real estate debt. The company primarily originates, acquires and manages a diversified portfolio of mortgage loans, mezzanine loans and preferred equity investments secured by office, retail, industrial, multifamily and hospitality assets across the United States. By focusing on income-producing credit instruments, BrightSpire seeks to deliver attractive risk-adjusted returns to its shareholders through regular dividend distributions.

BrightSpire’s investment strategy spans the capital structure of commercial real estate, with an emphasis on senior mortgages that offer more stable cash flows and downside protection.