1 day Ago By Defense World Staff
Renaissance Technologies LLC lowered its position in shares of BrightSpire Capital, Inc. (NYSE:BRSP – Free Report) by 18.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC).
The fund owned 217,100 shares of the company’s stock after selling 49,200 shares during the period. Renaissance Technologies LLC owned approximately 0.17% of BrightSpire Capital worth $1,224,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also recently made changes to their positions in the company. Barclays PLC raised its position in BrightSpire Capital by 329.1% in the third quarter.
Barclays PLC now owns 198,351 shares of the company’s stock valued at $1,110,000 after purchasing an additional 152,131 shares during the period. Jane Street Group LLC increased its position in shares of BrightSpire Capital by 19.7% during the 3rd quarter.
Jane Street Group LLC now owns 193,470 shares of the company’s stock worth $1,083,000 after purchasing an additional 31,865 shares during the last quarter. Atria Wealth Solutions Inc. acquired a new position in BrightSpire Capital in the fourth quarter valued at about $72,000.
Raymond James Financial Inc. acquired a new position in BrightSpire Capital in the fourth quarter valued at about $315,000. Finally, J.
W. Cole Advisors Inc. boosted its stake in BrightSpire Capital by 46.
1% during the fourth quarter. J.W.
Cole Advisors Inc. now owns 157,857 shares of the company’s stock worth $890,000 after buying an additional 49,834 shares during the period. Hedge funds and other institutional investors own 56.
57% of the company’s stock. BrightSpire Capital Trading Up 1.8 %NYSE:BRSP opened at $5.
05 on Wednesday. The stock has a fifty day moving average price of $5.41 and a 200 day moving average price of $5.
72. The company has a current ratio of 0.70, a quick ratio of 0.
73 and a debt-to-equity ratio of 1.79. BrightSpire Capital, Inc.
has a 12-month low of $4.16 and a 12-month high of $6.71.
The firm has a market cap of $659.82 million, a PE ratio of -4.81 and a beta of 1.
54. BrightSpire Capital (NYSE:BRSP – Get Free Report) last announced its quarterly earnings data on Tuesday, February 18th. The company reported $0.
16 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.03).
The company had revenue of $17.46 million for the quarter, compared to analyst estimates of $65.81 million.
BrightSpire Capital had a positive return on equity of 8.82% and a negative net margin of 79.23%.
During the same period in the prior year, the firm posted $0.28 earnings per share. Sell-side analysts anticipate that BrightSpire Capital, Inc.
will post 0.67 earnings per share for the current fiscal year. BrightSpire Capital Announces DividendThe company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th.
Stockholders of record on Monday, March 31st were given a dividend of $0.16 per share. The ex-dividend date was Monday, March 31st.
This represents a $0.64 annualized dividend and a dividend yield of 12.67%.
BrightSpire Capital’s dividend payout ratio (DPR) is currently -60.95%. Analyst Ratings ChangesBRSP has been the subject of a number of research analyst reports.
JMP Securities lowered their price objective on shares of BrightSpire Capital from $7.50 to $6.50 and set a “market outperform” rating for the company in a research report on Tuesday, April 22nd.
Jones Trading lowered their price target on BrightSpire Capital from $7.25 to $6.50 and set a “buy” rating for the company in a research report on Thursday, April 17th.
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 report on Tuesday, January 7th. Finally, Alliance Global Partners started coverage on BrightSpire Capital in a report on Friday, January 17th. They set a “buy” rating and a $7.
25 target price for the company. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $7.
25.Get Our Latest Research Report on BrightSpire CapitalBrightSpire Capital Profile (Free Report)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.See AlsoFive stocks we like better than BrightSpire CapitalStock Dividend Cuts Happen Are You Ready?Don’t Be Fooled by the Bounce: The Market Storm Isn’t Over YetHow to Capture the Benefits of Dividend IncreasesCoca-Cola Company Stock Can Bubble to New Highs This YearRide Out The Recession With These Dividend Kings 3 Stocks Lifting 2025 Guidance Despite Market Jitters.
