Samalin Investment Counsel LLC Sells 4,249 Shares of BrightSpire Capital, Inc. (NYSE:BRSP)

Samalin Investment Counsel LLC reduced its stake in BrightSpire Capital, Inc. (NYSE:BRSP) by 4.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 82,538 shares of the company’s stock after selling 4,249 shares during the quarter. Samalin Investment Counsel LLC’s holdings in BrightSpire Capital were worth $466,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in BRSP. Barclays PLC boosted its position in shares of BrightSpire Capital by 329.1% during the 3rd quarter. Barclays PLC now owns 198,351 shares of the company’s stock worth $1,110,000 after acquiring an additional 152,131 shares in the last quarter. Van ECK Associates Corp boosted its holdings in shares of BrightSpire Capital by 12.8% in the 4th quarter. Van ECK Associates Corp now owns 1,134,821 shares of the company’s stock valued at $6,400,000 after purchasing an additional 129,120 shares in the last quarter. Hotchkis & Wiley Capital Management LLC increased its stake in shares of BrightSpire Capital by 7.3% in the 3rd 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. Private Management Group Inc. raised its holdings in shares of BrightSpire Capital by 1.3% during the 4th quarter. Private Management Group Inc. now owns 4,632,732 shares of the company’s stock worth $26,129,000 after buying an additional 57,759 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of BrightSpire Capital during the 4th quarter worth $315,000. Institutional investors and hedge funds own 56.57% of the company’s stock.

BrightSpire Capital Stock Down 0.7 %

Shares of NYSE:BRSP opened at $5.89 on Monday. The firm has a market cap of $763.97 million, a P/E ratio of -5.61 and a beta of 1.98. BrightSpire Capital, Inc. has a 12-month low of $5.07 and a 12-month high of $7.02. The business has a fifty day simple moving average of $5.87 and a 200 day simple moving average of $5.88. The company has a quick ratio of 0.73, a current ratio of 0.70 and a debt-to-equity ratio of 1.79.

BrightSpire Capital (NYSE:BRSP) last released its earnings results on Tuesday, February 18th. The company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.03). The firm had revenue of $17.46 million for the quarter, compared to analyst estimates of $65.81 million. BrightSpire Capital had a negative net margin of 79.23% and a positive return on equity of 8.82%. During the same period in the prior year, the company posted $0.28 EPS. Analysts predict that BrightSpire Capital, Inc. will post 0.67 earnings per share for the current year.

BrightSpire Capital Announces Dividend

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 given a dividend of $0.16 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.64 dividend on an annualized basis and a yield of 10.86%. BrightSpire Capital’s dividend payout ratio (DPR) is currently -60.95%.

Analysts Set New Price Targets

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

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.