Founders Financial Alliance LLC Purchases 14,048 Shares of BrightSpire Capital, Inc. (NYSE:BRSP)

Founders Financial Alliance LLC raised its stake in shares of BrightSpire Capital, Inc. (NYSE:BRSP) by 59.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 37,724 shares of the company’s stock after purchasing an additional 14,048 shares during the quarter. Founders Financial Alliance LLC’s holdings in BrightSpire Capital were worth $281,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in BRSP. Bank of New York Mellon Corp lifted its holdings in BrightSpire Capital by 0.5% in the third quarter. Bank of New York Mellon Corp now owns 441,497 shares of the company’s stock valued at $2,764,000 after buying an additional 2,296 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in BrightSpire Capital by 58.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 26,206 shares of the company’s stock valued at $164,000 after acquiring an additional 9,630 shares during the last quarter. WealthPlan Investment Management LLC acquired a new stake in shares of BrightSpire Capital during the 3rd quarter worth about $1,792,000. Principal Financial Group Inc. increased its position in BrightSpire Capital by 39.3% during the third quarter. Principal Financial Group Inc. now owns 19,066 shares of the company’s stock worth $119,000 after acquiring an additional 5,380 shares during the period. Finally, Private Advisor Group LLC increased its holdings in BrightSpire Capital by 2.0% in the 3rd quarter. Private Advisor Group LLC now owns 146,184 shares of the company’s stock valued at $915,000 after buying an additional 2,839 shares during the period. Institutional investors own 56.57% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Bank of America downgraded shares of BrightSpire Capital from a “neutral” rating to an “underperform” rating and set a $6.50 target price on the stock. in a research report on Monday, March 4th. Raymond James lowered shares of BrightSpire Capital from an “outperform” rating to a “market perform” rating in a research note on Friday, May 3rd. Finally, Barclays lowered their price objective on shares of BrightSpire Capital from $8.00 to $7.00 and set an “equal weight” rating for the company in a research note on Thursday, May 2nd.

Insider Activity at BrightSpire Capital

In related news, insider David A. Palame sold 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $6.76, for a total value of $338,000.00. Following the sale, the insider now directly owns 347,832 shares of the company’s stock, valued at $2,351,344.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.91% of the stock is currently owned by insiders.

BrightSpire Capital Price Performance

Shares of BRSP stock traded down $0.04 during trading hours on Friday, reaching $6.10. The stock had a trading volume of 630,635 shares, compared to its average volume of 699,780. The stock’s fifty day simple moving average is $6.40 and its 200 day simple moving average is $6.80. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 1.63. BrightSpire Capital, Inc. has a 12 month low of $5.20 and a 12 month high of $8.01. The firm has a market capitalization of $796.90 million, a PE ratio of -11.09 and a beta of 1.87.

BrightSpire Capital (NYSE:BRSP) last released its quarterly earnings data on Wednesday, May 1st. The company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.02). The firm had revenue of $27.43 million during the quarter, compared to the consensus estimate of $28.64 million. BrightSpire Capital had a negative net margin of 33.20% and a positive return on equity of 9.36%. During the same quarter last year, the business posted $0.26 earnings per share. On average, equities research analysts predict that BrightSpire Capital, Inc. will post 0.82 EPS for the current year.

BrightSpire Capital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 13.11%. The ex-dividend date was Wednesday, March 27th. BrightSpire Capital’s dividend payout ratio is currently -145.45%.

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.