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

BrightSpire Capital, Inc. (NYSE:BRSP) was the recipient of a significant increase in short interest in December. As of December 31st, there was short interest totaling 5,482,993 shares, an increase of 30.5% from the December 15th total of 4,201,543 shares. Currently, 4.3% of the shares of the stock are short sold. Based on an average trading volume of 850,888 shares, the days-to-cover ratio is currently 6.4 days. Based on an average trading volume of 850,888 shares, the days-to-cover ratio is currently 6.4 days. Currently, 4.3% of the shares of the stock are short sold.

BrightSpire Capital Trading Down 0.1%

NYSE BRSP traded down $0.01 during trading hours on Friday, reaching $5.96. The company’s stock had a trading volume of 517,156 shares, compared to its average volume of 604,987. The firm has a fifty day simple moving average of $5.72 and a 200-day simple moving average of $5.51. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.55 and a quick ratio of 0.55. BrightSpire Capital has a 52 week low of $4.16 and a 52 week high of $6.32. The stock has a market cap of $772.54 million, a P/E ratio of -19.85 and a beta of 1.38.

BrightSpire Capital (NYSE:BRSP) last announced its quarterly earnings results on Tuesday, October 28th. The company reported $0.16 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.16. The firm had revenue of $35.05 million during the quarter, compared to analysts’ expectations of $84.43 million. BrightSpire Capital had a negative net margin of 26.91% and a positive return on equity of 7.51%. Equities analysts forecast that BrightSpire Capital will post 0.67 earnings per share for the current fiscal year.

BrightSpire Capital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 10.7%. The ex-dividend date of this dividend was Wednesday, December 31st. BrightSpire Capital’s dividend payout ratio (DPR) is currently -213.33%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on BRSP. B. Riley started coverage on shares of BrightSpire Capital in a research note on Monday, January 5th. They issued a “buy” rating and a $7.50 price target on the stock. Weiss Ratings restated a “sell (d+)” rating on shares of BrightSpire Capital in a research report on Monday, December 29th. Finally, Citigroup reaffirmed a “market outperform” rating on shares of BrightSpire Capital in a research note on Thursday, October 30th. Five analysts have rated the stock with a Buy rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $6.40.

Institutional Investors Weigh In On BrightSpire Capital

Institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada raised its position in shares of BrightSpire Capital by 90.1% during the first quarter. Royal Bank of Canada now owns 109,674 shares of the company’s stock worth $610,000 after acquiring an additional 51,977 shares during the last quarter. AQR Capital Management LLC acquired a new stake in BrightSpire Capital during the 1st quarter valued at approximately $131,000. Goldman Sachs Group Inc. raised its holdings in BrightSpire Capital by 2.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,011,455 shares of the company’s stock worth $11,184,000 after purchasing an additional 46,749 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of BrightSpire Capital by 9.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 328,809 shares of the company’s stock worth $1,828,000 after purchasing an additional 27,713 shares during the period. Finally, Jane Street Group LLC lifted its position in shares of BrightSpire Capital by 257.9% in the 1st quarter. Jane Street Group LLC now owns 286,724 shares of the company’s stock worth $1,594,000 after purchasing an additional 206,610 shares during the period. Institutional investors own 56.57% of the company’s stock.

About BrightSpire Capital

BrightSpire Capital Inc (NYSE: BRSP) is a real estate investment trust (REIT) specializing in commercial real estate debt. The company primarily originates, acquires and manages a diversified portfolio of mortgage loans, mezzanine loans and preferred equity investments secured by office, retail, industrial, multifamily and hospitality assets across the United States. By focusing on income-producing credit instruments, BrightSpire seeks to deliver attractive risk-adjusted returns to its shareholders through regular dividend distributions.

BrightSpire’s investment strategy spans the capital structure of commercial real estate, with an emphasis on senior mortgages that offer more stable cash flows and downside protection.