BrightSpire Capital, Inc. (NYSE:BRSP) Sees Significant Increase in Short Interest

BrightSpire Capital, Inc. (NYSE:BRSP) was the target of a large increase in short interest in January. As of January 15th, there was short interest totalling 2,070,000 shares, an increase of 32.7% from the December 31st total of 1,560,000 shares. Based on an average trading volume of 613,300 shares, the days-to-cover ratio is currently 3.4 days. Currently, 1.6% of the company’s stock are short sold.

Analyst Ratings Changes

Several analysts have weighed in on the company. B. Riley cut 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. Alliance Global Partners assumed coverage on BrightSpire Capital in a research report on Friday, January 17th. They set a “buy” rating and a $7.25 price objective on the stock. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, BrightSpire Capital presently has a consensus rating of “Hold” and an average target price of $7.45.

Institutional Trading of BrightSpire Capital

Hedge funds have recently made changes to their positions in the stock. Avior Wealth Management LLC boosted its position in shares of BrightSpire Capital by 363.1% in the 3rd quarter. Avior Wealth Management LLC now owns 9,266 shares of the company’s stock worth $52,000 after purchasing an additional 7,265 shares in the last quarter. ORG Partners LLC purchased a new position in BrightSpire Capital in the 3rd quarter worth approximately $53,000. McAdam LLC purchased a new position in BrightSpire Capital in the 3rd quarter worth approximately $58,000. Winthrop Advisory Group LLC purchased a new position in BrightSpire Capital in the 4th quarter worth approximately $61,000. Finally, Fermata Advisors LLC purchased a new position in BrightSpire Capital in the 4th quarter worth approximately $65,000. 56.57% of the stock is owned by institutional investors.

BrightSpire Capital Stock Up 0.8 %

Shares of BRSP traded up $0.05 during mid-day trading on Thursday, reaching $5.65. The company had a trading volume of 479,648 shares, compared to its average volume of 575,271. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.73 and a current ratio of 0.73. The firm has a 50-day moving average price of $5.95 and a 200 day moving average price of $5.86. BrightSpire Capital has a 52 week low of $5.07 and a 52 week high of $7.49. The company has a market capitalization of $732.04 million, a price-to-earnings ratio of -5.53 and a beta of 1.88.

BrightSpire Capital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a $0.16 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.64 dividend on an annualized basis and a dividend yield of 11.34%. BrightSpire Capital’s dividend payout ratio is currently -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.