Gratia Capital LLC Invests $3.38 Million in BrightSpire Capital, Inc. (NYSE:BRSP)

Gratia Capital LLC bought a new stake in shares of BrightSpire Capital, Inc. (NYSE:BRSP) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 600,000 shares of the company’s stock, valued at approximately $3,384,000. BrightSpire Capital accounts for about 3.3% of Gratia Capital LLC’s holdings, making the stock its 12th largest holding. Gratia Capital LLC owned 0.46% of BrightSpire Capital as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Winthrop Advisory Group LLC purchased a new position in BrightSpire Capital during the 4th quarter valued at $61,000. Dark Forest Capital Management LP purchased a new position in shares of BrightSpire Capital during the fourth quarter valued at about $64,000. Fermata Advisors LLC bought a new stake in shares of BrightSpire Capital during the 4th quarter valued at $65,000. Cibc World Markets Corp bought a new position in shares of BrightSpire Capital in the 4th quarter worth about $68,000. Finally, Atria Wealth Solutions Inc. bought a new position in shares of BrightSpire Capital during the fourth quarter valued at approximately $72,000. Hedge funds and other institutional investors own 56.57% of the company’s stock.

Analyst Ratings Changes

BRSP has been the subject of a number of analyst reports. Alliance Global Partners started coverage on BrightSpire Capital in a research report on Friday, January 17th. They set a “buy” rating and a $7.25 price objective for the company. Jones Trading cut their target price on BrightSpire Capital from $7.25 to $6.50 and set a “buy” rating on the stock in a research note on Thursday, April 17th. B. Riley lowered their price target on BrightSpire Capital from $10.00 to $9.00 and set a “buy” rating for the company in a research report on Tuesday, January 7th. Finally, JMP Securities cut their price objective on shares of BrightSpire Capital from $7.50 to $6.50 and set a “market outperform” rating on the stock in a research report on Tuesday, April 22nd. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, BrightSpire Capital currently has an average rating of “Moderate Buy” and a consensus price target of $7.25.

BrightSpire Capital Trading Up 0.8 %

Shares of NYSE:BRSP opened at $4.77 on Friday. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.70 and a quick ratio of 0.73. BrightSpire Capital, Inc. has a 1 year low of $4.16 and a 1 year high of $6.71. The company has a market cap of $623.24 million, a P/E ratio of -4.54 and a beta of 1.54. The stock’s fifty day moving average price is $5.45 and its 200-day moving average price is $5.73.

BrightSpire Capital (NYSE:BRSP) last posted 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 negative net margin of 79.23% and a positive return on equity of 8.82%. The company had revenue of $17.46 million for the quarter, compared to the consensus estimate of $65.81 million. During the same quarter in the prior year, the company posted $0.28 EPS. Sell-side analysts expect that BrightSpire Capital, Inc. will post 0.67 earnings per share for the current year.

BrightSpire Capital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 13.42%. The ex-dividend date was Monday, March 31st. BrightSpire Capital’s dividend payout ratio (DPR) is presently -60.95%.

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.