BrightSpire Capital, Inc. (NYSE:BRSP) Short Interest Update

BrightSpire Capital, Inc. (NYSE:BRSP) was the target of a large decrease in short interest during the month of February. As of February 15th, there was short interest totalling 798,500 shares, a decrease of 20.9% from the January 31st total of 1,010,000 shares. Approximately 0.6% of the shares of the stock are sold short. Based on an average trading volume of 657,400 shares, the days-to-cover ratio is presently 1.2 days.

Institutional Investors Weigh In On BrightSpire Capital

Several institutional investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp boosted its holdings in BrightSpire Capital by 0.8% during the 4th quarter. Bank of New York Mellon Corp now owns 357,844 shares of the company’s stock valued at $2,018,000 after acquiring an additional 2,798 shares during the period. Allegiance Financial Group Advisory Services LLC grew its position in shares of BrightSpire Capital by 30.3% in the 4th quarter. Allegiance Financial Group Advisory Services LLC now owns 19,087 shares of the company’s stock worth $108,000 after buying an additional 4,434 shares during the last quarter. Atria Investments Inc grew its position in shares of BrightSpire Capital by 18.2% in the 4th quarter. Atria Investments Inc now owns 35,869 shares of the company’s stock worth $202,000 after buying an additional 5,531 shares during the last quarter. Gallagher Fiduciary Advisors LLC grew its position in shares of BrightSpire Capital by 18.9% in the 4th quarter. Gallagher Fiduciary Advisors LLC now owns 36,164 shares of the company’s stock worth $204,000 after buying an additional 5,749 shares during the last quarter. Finally, Ameriflex Group Inc. bought a new stake in shares of BrightSpire Capital in the 4th quarter worth approximately $37,000. 56.57% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

BRSP has been the topic of a number of research analyst reports. Alliance Global Partners started coverage on BrightSpire Capital in a research note on Friday, January 17th. They issued a “buy” rating and a $7.25 target price on the stock. B. Riley reduced 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. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $7.45.

BrightSpire Capital Price Performance

Shares of BrightSpire Capital stock traded down $0.08 during trading on Tuesday, hitting $6.13. 897,034 shares of the stock traded hands, compared to its average volume of 788,737. The stock has a market cap of $794.32 million, a price-to-earnings ratio of -5.83 and a beta of 1.88. BrightSpire Capital has a 52 week low of $5.07 and a 52 week high of $7.04. The firm’s fifty day moving average is $5.81 and its 200-day moving average is $5.86. The company has a quick ratio of 0.73, a current ratio of 0.70 and a debt-to-equity ratio of 1.79.

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

BrightSpire Capital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 10.45%. The ex-dividend date was Tuesday, December 31st. BrightSpire Capital’s dividend 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.