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

BrightSpire Capital, Inc. (NYSE:BRSP) was the target of a large drop in short interest during the month of January. As of January 15th, there was short interest totaling 3,997,788 shares, a drop of 27.1% from the December 31st total of 5,482,993 shares. Currently, 3.1% of the shares of the company are short sold. Based on an average daily volume of 607,473 shares, the short-interest ratio is presently 6.6 days. Based on an average daily volume of 607,473 shares, the short-interest ratio is presently 6.6 days. Currently, 3.1% of the shares of the company are short sold.

Institutional Trading of BrightSpire Capital

Several institutional investors and hedge funds have recently modified their holdings of the business. Royal Bank of Canada lifted its holdings 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 purchasing an additional 51,977 shares during the period. AQR Capital Management LLC acquired a new stake in shares of BrightSpire Capital in the first quarter valued at about $131,000. Goldman Sachs Group Inc. lifted its stake in shares of BrightSpire Capital by 2.4% in the first quarter. Goldman Sachs Group Inc. now owns 2,011,455 shares of the company’s stock worth $11,184,000 after acquiring an additional 46,749 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in BrightSpire Capital by 9.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 328,809 shares of the company’s stock valued at $1,828,000 after acquiring an additional 27,713 shares during the last quarter. Finally, Jane Street Group LLC raised its holdings in BrightSpire Capital by 257.9% during 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 last quarter. 56.57% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

BRSP has been the topic of a number of research reports. B. Riley started coverage on BrightSpire Capital in a report on Monday, January 5th. They issued a “buy” rating and a $7.50 price objective on the stock. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of BrightSpire Capital in a research report on Monday, December 29th. Finally, Citigroup reissued a “market outperform” rating on shares of BrightSpire Capital in a report on Thursday, October 30th. Five research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $6.40.

BrightSpire Capital Price Performance

Shares of BrightSpire Capital stock traded up $0.02 on Tuesday, reaching $6.02. 646,715 shares of the stock were exchanged, compared to its average volume of 656,428. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.55 and a current ratio of 0.55. The firm has a market cap of $780.34 million, a PE ratio of -20.05 and a beta of 1.38. The firm’s 50 day moving average is $5.84 and its 200-day moving average is $5.58. BrightSpire Capital has a one year low of $4.16 and a one year high of $6.32.

BrightSpire Capital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 10.6%. The ex-dividend date of this dividend was Wednesday, December 31st. BrightSpire Capital’s dividend payout ratio (DPR) is currently -213.33%.

BrightSpire Capital Company Profile

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.