Allegiance Financial Group Advisory Services LLC Acquires 4,434 Shares of BrightSpire Capital, Inc. (NYSE:BRSP)

Allegiance Financial Group Advisory Services LLC increased its holdings in shares of BrightSpire Capital, Inc. (NYSE:BRSP) by 30.3% during the fourth quarter, Holdings Channel reports. The fund owned 19,087 shares of the company’s stock after purchasing an additional 4,434 shares during the period. Allegiance Financial Group Advisory Services LLC’s holdings in BrightSpire Capital were worth $108,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Barclays PLC boosted its position in BrightSpire Capital by 329.1% in the 3rd 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 last quarter. Van ECK Associates Corp boosted its position in BrightSpire Capital by 12.8% in the 4th quarter. Van ECK Associates Corp now owns 1,134,821 shares of the company’s stock valued at $6,400,000 after buying an additional 129,120 shares during the last quarter. Private Management Group Inc. boosted its position in BrightSpire Capital by 1.9% in the 3rd quarter. Private Management Group Inc. now owns 4,574,973 shares of the company’s stock valued at $25,620,000 after buying an additional 85,787 shares during the last quarter. J.W. Cole Advisors Inc. boosted its position in BrightSpire Capital by 222.4% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 108,023 shares of the company’s stock valued at $605,000 after buying an additional 74,512 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC boosted its position in 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 valued at $5,760,000 after buying an additional 70,030 shares during the last quarter. 56.57% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have commented on BRSP shares. B. Riley decreased their price objective 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. Alliance Global Partners initiated coverage on BrightSpire Capital in a research report on Friday, January 17th. They issued a “buy” rating and a $7.25 price objective on the stock. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $7.45.

BrightSpire Capital Stock Up 0.7 %

NYSE:BRSP opened at $6.19 on Thursday. The firm has a market capitalization of $802.75 million, a P/E ratio of -5.90 and a beta of 1.88. BrightSpire Capital, Inc. has a 12-month low of $5.07 and a 12-month high of $7.04. The company has a quick ratio of 0.73, a current ratio of 0.70 and a debt-to-equity ratio of 1.79. The stock’s fifty day simple moving average is $5.79 and its 200-day simple moving average is $5.84.

BrightSpire Capital (NYSE:BRSP) last issued its quarterly earnings data on Tuesday, February 18th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.03). The business had revenue of $17.46 million for the quarter, compared to analyst estimates of $65.81 million. BrightSpire Capital had a positive return on equity of 8.82% and a negative net margin of 79.23%. During the same period in the previous year, the business posted $0.28 EPS. Equities research analysts expect that BrightSpire Capital, Inc. will post 0.67 earnings per share for the current year.

BrightSpire Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 10.34%. The ex-dividend date was Tuesday, December 31st. BrightSpire Capital’s payout ratio is presently -60.95%.

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.