Intech Investment Management LLC Lowers Stake in BrightSpire Capital, Inc. $BRSP

Intech Investment Management LLC cut its position in BrightSpire Capital, Inc. (NYSE:BRSP) by 24.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 51,659 shares of the company’s stock after selling 16,624 shares during the period. Intech Investment Management LLC’s holdings in BrightSpire Capital were worth $261,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Focus Partners Advisor Solutions LLC bought a new position in BrightSpire Capital in the 2nd quarter worth $81,000. State of New Jersey Common Pension Fund D raised its holdings in BrightSpire Capital by 16.3% during the second quarter. State of New Jersey Common Pension Fund D now owns 370,756 shares of the company’s stock valued at $1,872,000 after acquiring an additional 52,056 shares during the period. Nomura Holdings Inc. purchased a new position in shares of BrightSpire Capital in the first quarter valued at about $18,085,000. Cetera Investment Advisers boosted its stake in shares of BrightSpire Capital by 4.5% in the first quarter. Cetera Investment Advisers now owns 74,753 shares of the company’s stock worth $416,000 after acquiring an additional 3,224 shares during the period. Finally, Almitas Capital LLC grew its position in shares of BrightSpire Capital by 34.3% during the first quarter. Almitas Capital LLC now owns 478,415 shares of the company’s stock worth $2,660,000 after purchasing an additional 122,093 shares in the last quarter. 56.57% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Citigroup reissued a “market outperform” rating on shares of BrightSpire Capital in a report on Thursday, October 30th. Weiss Ratings reissued a “sell (d+)” rating on shares of BrightSpire Capital in a report on Monday, November 24th. Five investment analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company. Based on data from MarketBeat, BrightSpire Capital currently has an average rating of “Hold” and a consensus target price of $6.79.

BrightSpire Capital Price Performance

BrightSpire Capital stock opened at $5.65 on Tuesday. BrightSpire Capital, Inc. has a 52-week low of $4.16 and a 52-week high of $6.45. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 1.81. The firm’s fifty day moving average is $5.38 and its 200 day moving average is $5.36. The company has a market cap of $732.97 million, a price-to-earnings ratio of -18.83 and a beta of 1.38.

BrightSpire Capital (NYSE:BRSP) last posted its earnings results on Wednesday, February 24th. The company reported $0.20 earnings per share for the quarter. BrightSpire Capital had a negative net margin of 26.91% and a positive return on equity of 7.51%. The firm had revenue of $37.88 million for the quarter. Sell-side analysts forecast that BrightSpire Capital, Inc. will post 0.67 EPS for the current fiscal year.

BrightSpire Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were paid a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 11.3%. The ex-dividend date of this dividend was Tuesday, September 30th. BrightSpire Capital’s dividend payout ratio (DPR) is presently -213.33%.

BrightSpire Capital 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.