Magnetar Financial LLC Invests $83,000 in BrightSpire Capital, Inc. (NYSE:BRSP)

Magnetar Financial LLC purchased a new stake in BrightSpire Capital, Inc. (NYSE:BRSP) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,686 shares of the company’s stock, valued at approximately $83,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. Avior Wealth Management LLC raised its stake in shares of BrightSpire Capital by 363.1% in the 3rd quarter. Avior Wealth Management LLC now owns 9,266 shares of the company’s stock valued at $52,000 after purchasing an additional 7,265 shares in the last quarter. Winthrop Advisory Group LLC bought a new stake in BrightSpire Capital in the fourth quarter valued at about $61,000. Fermata Advisors LLC acquired a new stake in BrightSpire Capital during the fourth quarter valued at approximately $65,000. Cibc World Markets Corp bought a new position in BrightSpire Capital during the 4th quarter worth approximately $68,000. Finally, Atria Wealth Solutions Inc. acquired a new position in shares of BrightSpire Capital in the 4th quarter worth approximately $72,000. 56.57% of the stock is currently owned by institutional investors.

BrightSpire Capital Trading Down 0.7 %

NYSE:BRSP opened at $5.89 on Monday. The firm has a market capitalization of $763.97 million, a P/E ratio of -5.61 and a beta of 1.98. The business has a 50 day simple moving average of $5.87 and a 200 day simple moving average of $5.88. 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 12-month low of $5.07 and a 12-month high of $7.02.

BrightSpire Capital (NYSE:BRSP) last announced its quarterly 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 firm had revenue of $17.46 million for the quarter, compared to analyst estimates of $65.81 million. During the same period last year, the firm posted $0.28 EPS. Equities research analysts predict that BrightSpire Capital, Inc. will post 0.67 EPS for the current year.

BrightSpire Capital Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a $0.16 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.64 annualized dividend and a dividend yield of 10.86%. BrightSpire Capital’s payout ratio is currently -60.95%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. B. Riley reduced their price objective on BrightSpire Capital from $10.00 to $9.00 and set a “buy” rating on the stock in a research note on Tuesday, January 7th. Alliance Global Partners began coverage on shares of BrightSpire Capital in a research report on Friday, January 17th. They issued a “buy” rating and a $7.25 price target on the stock. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $7.69.

About BrightSpire Capital

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.