BrightSpire Capital, Inc. (NYSE:BRSP – Get Free Report) declared a quarterly dividend on Monday, September 18th, Wall Street Journal reports. Shareholders of record on Friday, September 29th will be given a dividend of 0.20 per share on Friday, October 13th. This represents a $0.80 dividend on an annualized basis and a yield of 11.75%. The ex-dividend date of this dividend is Thursday, September 28th.
BrightSpire Capital Stock Down 2.2 %
Shares of NYSE:BRSP traded down $0.15 on Monday, reaching $6.81. 512,937 shares of the company’s stock were exchanged, compared to its average volume of 1,013,022. BrightSpire Capital has a fifty-two week low of $5.21 and a fifty-two week high of $8.30. The business’s 50-day moving average is $6.92 and its two-hundred day moving average is $6.35. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 1.67.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in BRSP. Coppell Advisory Solutions Corp. purchased a new position in BrightSpire Capital during the fourth quarter valued at approximately $28,000. Lazard Asset Management LLC purchased a new position in BrightSpire Capital during the fourth quarter valued at approximately $29,000. Tower Research Capital LLC TRC grew its position in BrightSpire Capital by 229.9% during the third quarter. Tower Research Capital LLC TRC now owns 6,393 shares of the company’s stock valued at $40,000 after purchasing an additional 4,455 shares in the last quarter. Clear Street Markets LLC acquired a new stake in BrightSpire Capital in the fourth quarter valued at approximately $41,000. Finally, Captrust Financial Advisors acquired a new stake in BrightSpire Capital in the second quarter valued at approximately $45,000. 57.63% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
About BrightSpire Capital
BrightSpire Capital, Inc operates as a commercial real estate (CRE) credit real estate investment trust in the United States. The company It focuses on originating, acquiring, financing, and managing a portfolio of CRE mortgage loans, mezzanine loans, preferred equity, debt securities, and net leased properties.
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