Greenland Capital Management LP Increases Holdings in BrightSpire Capital, Inc. $BRSP

Greenland Capital Management LP increased its stake in shares of BrightSpire Capital, Inc. (NYSE:BRSP) by 5.0% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 1,349,430 shares of the company’s stock after purchasing an additional 64,430 shares during the period. Greenland Capital Management LP’s holdings in BrightSpire Capital were worth $6,815,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in BRSP. Focus Partners Advisor Solutions LLC purchased a new position in shares of BrightSpire Capital during the second quarter worth about $81,000. State of New Jersey Common Pension Fund D grew its position in shares of BrightSpire Capital by 16.3% in the 2nd quarter. State of New Jersey Common Pension Fund D now owns 370,756 shares of the company’s stock worth $1,872,000 after buying an additional 52,056 shares during the last quarter. Nomura Holdings Inc. purchased a new position in shares of BrightSpire Capital during the first quarter valued at approximately $18,085,000. Cetera Investment Advisers raised its holdings in shares of BrightSpire Capital by 4.5% during the first quarter. Cetera Investment Advisers now owns 74,753 shares of the company’s stock valued at $416,000 after acquiring an additional 3,224 shares in the last quarter. Finally, J.W. Cole Advisors Inc. lifted its stake in BrightSpire Capital by 44.1% in the first quarter. J.W. Cole Advisors Inc. now owns 227,434 shares of the company’s stock worth $1,265,000 after acquiring an additional 69,577 shares during the period. Institutional investors own 56.57% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Jones Trading restated a “buy” rating and issued a $6.50 price objective on shares of BrightSpire Capital in a report on Wednesday, July 30th. Weiss Ratings restated a “sell (d+)” rating on shares of BrightSpire Capital in a research note on Monday. Finally, Citigroup reaffirmed a “market outperform” rating on shares of BrightSpire Capital in a research report on Thursday, October 30th. Five equities research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, BrightSpire Capital presently has an average rating of “Hold” and a consensus price target of $6.79.

BrightSpire Capital Stock Up 0.1%

BrightSpire Capital stock opened at $5.40 on Wednesday. BrightSpire Capital, Inc. has a 12 month low of $4.16 and a 12 month high of $6.45. The stock has a fifty day simple moving average of $5.43 and a two-hundred day simple moving average of $5.34. The firm has a market cap of $699.91 million, a price-to-earnings ratio of -17.98 and a beta of 1.58. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 1.81.

BrightSpire Capital (NYSE:BRSP) last issued its quarterly earnings data on Wednesday, February 24th. The company reported $0.20 earnings per share for the quarter. The company had revenue of $37.88 million for the quarter. BrightSpire Capital had a negative net margin of 26.91% and a positive return on equity of 7.51%. Equities analysts predict that BrightSpire Capital, Inc. will post 0.67 EPS for the current fiscal year.

BrightSpire Capital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were given a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 11.9%. The ex-dividend date of this dividend was Tuesday, September 30th. BrightSpire Capital’s dividend payout ratio (DPR) is presently -213.33%.

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.