Fox Run Management L.L.C. Purchases New Position in BrightSpire Capital, Inc. (NYSE:BRSP)

Fox Run Management L.L.C. acquired a new position in shares of BrightSpire Capital, Inc. (NYSE:BRSP) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 26,361 shares of the company’s stock, valued at approximately $149,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Winthrop Advisory Group LLC purchased a new position in BrightSpire Capital during the 4th quarter worth approximately $61,000. Fermata Advisors LLC acquired a new stake in shares of BrightSpire Capital in the fourth quarter valued at approximately $65,000. Cibc World Markets Corp purchased a new position in shares of BrightSpire Capital during the fourth quarter worth approximately $68,000. Atria Wealth Solutions Inc. acquired a new position in shares of BrightSpire Capital in the 4th quarter valued at $72,000. Finally, Garden State Investment Advisory Services LLC purchased a new stake in BrightSpire Capital in the 3rd quarter valued at $75,000. Institutional investors and hedge funds own 56.57% of the company’s stock.

BrightSpire Capital Trading Down 2.0 %

Shares of BrightSpire Capital stock opened at $5.68 on Friday. The firm has a market cap of $735.96 million, a price-to-earnings ratio of -5.40 and a beta of 1.98. BrightSpire Capital, Inc. has a 52-week low of $5.07 and a 52-week high of $6.88. The company’s 50-day simple moving average is $5.88 and its 200-day simple moving average is $5.88. 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 released its earnings results on Tuesday, February 18th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.03). BrightSpire Capital had a positive return on equity of 8.82% and a negative net margin of 79.23%. The business had revenue of $17.46 million for the quarter, compared to analyst estimates of $65.81 million. During the same quarter in the previous year, the firm posted $0.28 EPS. As a group, equities research analysts anticipate that BrightSpire Capital, Inc. will post 0.67 earnings per share for the current year.

BrightSpire Capital Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $0.16 per share. The ex-dividend date is Monday, March 31st. This represents a $0.64 annualized dividend and a dividend yield of 11.28%. BrightSpire Capital’s payout ratio is currently -60.95%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Alliance Global Partners started coverage on shares of BrightSpire Capital in a research note on Friday, January 17th. They issued a “buy” rating and a $7.25 price objective on the stock. B. Riley dropped their price target 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. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, BrightSpire Capital presently has an average rating of “Moderate Buy” and an average price target of $7.69.

About BrightSpire Capital

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.