BrightSpire Capital, Inc. (NYSE:BRSP) Shares Purchased by Barclays PLC

Barclays PLC grew its stake in shares of BrightSpire Capital, Inc. (NYSE:BRSP) by 329.1% in the 3rd quarter, Holdings Channel.com reports. The fund owned 198,351 shares of the company’s stock after purchasing an additional 152,131 shares during the quarter. Barclays PLC’s holdings in BrightSpire Capital were worth $1,110,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Y Intercept Hong Kong Ltd increased its holdings in shares of BrightSpire Capital by 27.2% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 170,967 shares of the company’s stock valued at $957,000 after acquiring an additional 36,579 shares during the last quarter. Jane Street Group LLC boosted its holdings in BrightSpire Capital by 19.7% in the third 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 period. Hotchkis & Wiley Capital Management LLC increased its stake in BrightSpire Capital by 7.3% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 1,028,517 shares of the company’s stock valued at $5,760,000 after purchasing an additional 70,030 shares during the last quarter. Garden State Investment Advisory Services LLC acquired a new stake in shares of BrightSpire Capital during the third quarter worth $75,000. Finally, Penserra Capital Management LLC raised its holdings in shares of BrightSpire Capital by 22.9% during the third quarter. Penserra Capital Management LLC now owns 160,335 shares of the company’s stock worth $897,000 after purchasing an additional 29,915 shares during the period. Institutional investors own 56.57% of the company’s stock.

BrightSpire Capital Stock Down 2.0 %

BrightSpire Capital stock opened at $5.83 on Monday. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.73 and a current ratio of 0.73. BrightSpire Capital, Inc. has a one year low of $5.07 and a one year high of $7.72. The company has a 50-day simple moving average of $6.06 and a 200-day simple moving average of $5.90. The firm has a market capitalization of $756.06 million, a P/E ratio of -5.72 and a beta of 1.87.

BrightSpire Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.16 per share. The ex-dividend date is Tuesday, December 31st. This represents a $0.64 annualized dividend and a dividend yield of 10.98%. BrightSpire Capital’s dividend payout ratio is presently -62.75%.

Analyst Ratings Changes

Separately, JMP Securities reaffirmed a “market outperform” rating and issued a $7.50 price target on shares of BrightSpire Capital in a report on Thursday, September 19th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $7.00.

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.