Diversify Wealth Management LLC Trims Position in BrightSpire Capital, Inc. (NYSE:BRSP)

Diversify Wealth Management LLC cut its stake in BrightSpire Capital, Inc. (NYSE:BRSP) by 37.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 18,676 shares of the company’s stock after selling 11,062 shares during the period. Diversify Wealth Management LLC’s holdings in BrightSpire Capital were worth $103,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Private Management Group Inc. increased its position in BrightSpire Capital by 1.9% during the 3rd quarter. Private Management Group Inc. now owns 4,574,973 shares of the company’s stock worth $25,620,000 after purchasing an additional 85,787 shares in the last quarter. Geode Capital Management LLC increased its position in shares of BrightSpire Capital by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 3,082,637 shares of the company’s stock worth $17,267,000 after purchasing an additional 14,606 shares during the last quarter. Hotchkis & Wiley Capital Management LLC raised its stake in BrightSpire Capital by 7.3% during the third 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 in the last quarter. Private Advisor Group LLC raised its position 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 acquiring an additional 70,752 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D raised its stake in BrightSpire Capital by 5.0% during the third quarter. State of New Jersey Common Pension Fund D now owns 339,653 shares of the company’s stock worth $1,902,000 after acquiring an additional 16,201 shares during the period. 56.57% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on BRSP shares. Alliance Global Partners assumed coverage on BrightSpire Capital in a research report on Friday, January 17th. They issued a “buy” rating and a $7.25 target price on the stock. B. Riley decreased their price target on BrightSpire Capital from $10.00 to $9.00 and set a “buy” rating for the company in a research note on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, BrightSpire Capital currently has a consensus rating of “Hold” and an average price target of $7.45.

BrightSpire Capital Stock Down 1.0 %

Shares of BrightSpire Capital stock opened at $5.56 on Friday. BrightSpire Capital, Inc. has a 12-month low of $5.07 and a 12-month high of $7.71. The stock’s fifty day moving average is $6.00 and its 200-day moving average is $5.88. The firm has a market capitalization of $720.37 million, a PE ratio of -5.45 and a beta of 1.88. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 1.78.

BrightSpire Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a dividend of $0.16 per share. The ex-dividend date was Tuesday, December 31st. This represents a $0.64 dividend on an annualized basis and a yield of 11.52%. BrightSpire Capital’s payout ratio is presently -62.75%.

BrightSpire Capital 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.