Everstar Asset Management LLC Sells 28,150 Shares of BrightSpire Capital, Inc. (NYSE:BRSP)

Everstar Asset Management LLC trimmed its position in BrightSpire Capital, Inc. (NYSE:BRSP) by 40.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,192 shares of the company’s stock after selling 28,150 shares during the quarter. Everstar Asset Management LLC’s holdings in BrightSpire Capital were worth $238,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of BRSP. Bank of New York Mellon Corp lifted its stake in BrightSpire Capital by 0.8% in the 4th quarter. Bank of New York Mellon Corp now owns 357,844 shares of the company’s stock worth $2,018,000 after purchasing an additional 2,798 shares in the last quarter. Allegiance Financial Group Advisory Services LLC increased its holdings in shares of BrightSpire Capital by 30.3% in the fourth quarter. Allegiance Financial Group Advisory Services LLC now owns 19,087 shares of the company’s stock worth $108,000 after purchasing an additional 4,434 shares during the period. Atria Investments Inc raised its position in shares of BrightSpire Capital by 18.2% in the fourth quarter. Atria Investments Inc now owns 35,869 shares of the company’s stock worth $202,000 after buying an additional 5,531 shares in the last quarter. Sei Investments Co. boosted its stake in BrightSpire Capital by 18.7% during the fourth quarter. Sei Investments Co. now owns 42,473 shares of the company’s stock valued at $240,000 after buying an additional 6,700 shares during the period. Finally, Winthrop Advisory Group LLC purchased a new position in BrightSpire Capital during the fourth quarter worth about $61,000. 56.57% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on BRSP. Alliance Global Partners initiated coverage on BrightSpire Capital in a report on Friday, January 17th. They issued a “buy” rating and a $7.25 price target on the stock. B. Riley lowered their target price on shares of BrightSpire Capital from $10.00 to $9.00 and set a “buy” rating on the stock in a research note on Tuesday, January 7th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $7.69.

BrightSpire Capital Trading Down 1.8 %

Shares of BRSP stock opened at $5.58 on Tuesday. The business has a 50-day moving average price of $5.88 and a two-hundred day moving average price of $5.88. BrightSpire Capital, Inc. has a 12-month low of $5.07 and a 12-month high of $6.88. 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 firm has a market cap of $722.99 million, a P/E ratio of -5.31 and a beta of 1.98.

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

BrightSpire Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $0.16 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.64 dividend on an annualized basis and a dividend yield of 11.48%. BrightSpire Capital’s dividend payout ratio (DPR) is -60.95%.

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.