Private Management Group Inc. Increases Holdings in BrightSpire Capital, Inc. (NYSE:BRSP)

Private Management Group Inc. grew its holdings in BrightSpire Capital, Inc. (NYSE:BRSP) by 1.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 4,632,732 shares of the company’s stock after buying an additional 57,759 shares during the quarter. Private Management Group Inc. owned approximately 3.57% of BrightSpire Capital worth $26,129,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Geode Capital Management LLC lifted its stake in BrightSpire Capital by 0.5% in the third quarter. Geode Capital Management LLC now owns 3,082,637 shares of the company’s stock worth $17,267,000 after acquiring an additional 14,606 shares during the period. Hotchkis & Wiley Capital Management LLC lifted its position in shares of BrightSpire Capital by 7.3% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 1,028,517 shares of the company’s stock worth $5,760,000 after purchasing an additional 70,030 shares during the period. Private Advisor Group LLC boosted its stake in shares of BrightSpire Capital by 14.5% during the 3rd quarter. Private Advisor Group LLC now owns 557,638 shares of the company’s stock valued at $3,123,000 after purchasing an additional 70,752 shares in the last quarter. State of New Jersey Common Pension Fund D boosted its stake in shares of BrightSpire Capital by 5.0% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 339,653 shares of the company’s stock valued at $1,902,000 after purchasing an additional 16,201 shares in the last quarter. Finally, Barclays PLC increased its position in shares of BrightSpire Capital by 329.1% during the third quarter. Barclays PLC now owns 198,351 shares of the company’s stock valued at $1,110,000 after buying an additional 152,131 shares during the period. Hedge funds and other institutional investors own 56.57% of the company’s stock.

BrightSpire Capital Price Performance

BRSP opened at $5.73 on Thursday. The firm has a market cap of $742.42 million, a PE ratio of -5.61 and a beta of 1.88. The stock has a 50-day moving average price of $5.90 and a 200-day moving average price of $5.83. BrightSpire Capital, Inc. has a 1 year low of $5.07 and a 1 year high of $7.04. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.73 and a quick ratio of 0.73.

BrightSpire Capital Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 11.18%. The ex-dividend date was Tuesday, December 31st. BrightSpire Capital’s dividend payout ratio (DPR) is currently -62.75%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on BRSP. Alliance Global Partners started coverage on BrightSpire Capital in a research report on Friday, January 17th. They set a “buy” rating and a $7.25 price objective on the stock. B. Riley dropped their price target on BrightSpire Capital from $10.00 to $9.00 and set a “buy” rating on the stock in a research report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, BrightSpire Capital presently has an average rating of “Hold” and an average price target of $7.45.

About BrightSpire Capital

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.