Jane Street Group LLC Increases Holdings in BrightSpire Capital, Inc. (NYSE:BRSP)

Jane Street Group LLC increased its stake in shares of BrightSpire Capital, Inc. (NYSE:BRSP) by 19.7% during the third quarter, HoldingsChannel.com reports. The firm owned 193,470 shares of the company’s stock after buying an additional 31,865 shares during the period. Jane Street Group LLC’s holdings in BrightSpire Capital were worth $1,083,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Bank of New York Mellon Corp grew its position in shares of BrightSpire Capital by 10.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 455,366 shares of the company’s stock valued at $2,596,000 after purchasing an additional 42,553 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in BrightSpire Capital by 13.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 38,893 shares of the company’s stock worth $222,000 after buying an additional 4,683 shares in the last quarter. Van ECK Associates Corp increased its stake in BrightSpire Capital by 34.7% in the 2nd quarter. Van ECK Associates Corp now owns 1,067,438 shares of the company’s stock worth $6,084,000 after acquiring an additional 275,175 shares during the last quarter. Founders Financial Securities LLC purchased a new stake in shares of BrightSpire Capital in the 2nd quarter valued at about $62,000. Finally, Private Advisor Group LLC boosted its position in shares of BrightSpire Capital by 232.7% during the 2nd quarter. Private Advisor Group LLC now owns 486,886 shares of the company’s stock valued at $2,775,000 after acquiring an additional 340,563 shares during the last quarter. Institutional investors own 56.57% of the company’s stock.

Analyst Ratings Changes

Separately, JMP Securities reaffirmed a “market outperform” rating and issued a $7.50 target price on shares of BrightSpire Capital in a research note on Thursday, September 19th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, BrightSpire Capital presently has a consensus rating of “Hold” and a consensus target price of $7.00.

BrightSpire Capital Stock Performance

NYSE:BRSP opened at $5.74 on Tuesday. The company has a market capitalization of $744.39 million, a price-to-earnings ratio of -5.63 and a beta of 1.87. The business has a 50 day moving average of $6.06 and a 200 day moving average of $5.90. 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, Inc. has a 1-year low of $5.07 and a 1-year high of $7.71.

BrightSpire Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a $0.16 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.64 dividend on an annualized basis and a dividend yield of 11.15%. BrightSpire Capital’s dividend payout ratio (DPR) is -62.75%.

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.