BrightSpire Capital, Inc. (NYSE:BRSP) Short Interest Up 6.3% in February

BrightSpire Capital, Inc. (NYSE:BRSP – Get Rating) saw a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 1,680,000 shares, a growth of 6.3% from the February 13th total of 1,580,000 shares. Approximately 1.3% of the shares of the company are sold short. Based on an average daily volume of 1,060,000 shares, the short-interest ratio is currently 1.6 days.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on BRSP shares. BTIG Research cut BrightSpire Capital from a “buy” rating to a “neutral” rating in a report on Tuesday, December 6th. Jonestrading restated a “hold” rating on shares of BrightSpire Capital in a report on Wednesday, March 1st.

BrightSpire Capital Stock Performance

BRSP opened at $5.89 on Friday. BrightSpire Capital has a 1-year low of $5.83 and a 1-year high of $9.63. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.59 and a quick ratio of 0.59. The stock’s 50 day simple moving average is $7.11 and its 200 day simple moving average is $7.15. The stock has a market cap of $759.04 million, a P/E ratio of 17.32 and a beta of 1.71.

BrightSpire Capital Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 17th. Investors of record on Friday, March 31st will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 13.58%. The ex-dividend date of this dividend is Thursday, March 30th. BrightSpire Capital’s payout ratio is currently 235.30%.

Institutional Investors Weigh In On BrightSpire Capital

A number of institutional investors and hedge funds have recently bought and sold shares of BRSP. Vanguard Group Inc. lifted its stake in BrightSpire Capital by 39.2% in the 3rd quarter. Vanguard Group Inc. now owns 8,820,067 shares of the company’s stock valued at $55,654,000 after buying an additional 2,485,731 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in BrightSpire Capital by 757.2% in the 2nd quarter. Goldman Sachs Group Inc. now owns 1,524,383 shares of the company’s stock valued at $11,509,000 after buying an additional 1,346,560 shares in the last quarter. Norges Bank purchased a new stake in BrightSpire Capital in the 4th quarter valued at approximately $5,128,000. First Trust Advisors LP purchased a new stake in BrightSpire Capital in the 3rd quarter valued at approximately $3,304,000. Finally, Nuveen Asset Management LLC lifted its stake in BrightSpire Capital by 112.0% in the 3rd quarter. Nuveen Asset Management LLC now owns 719,865 shares of the company’s stock valued at $4,542,000 after buying an additional 380,324 shares in the last quarter. Hedge funds and other institutional investors own 38.18% of the company’s stock.

About BrightSpire Capital

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BrightSpire Capital, Inc is a real estate investment trust. It originates, acquires, finances, and manages portfolio consisting of commercial real estate (CRE) debt investments and net leased properties in the United States. It operates through the following segments: Senior Mezzanine Loans and Preferred Equity, Net Leased and other Real Estate, CRE Debt Securities, and Corporate.