BrightSpire Capital, Inc. $BRSP Shares Bought by Allianz Asset Management GmbH

Allianz Asset Management GmbH increased its stake in BrightSpire Capital, Inc. (NYSE:BRSP) by 123.3% during the third quarter, HoldingsChannel.com reports. The fund owned 206,239 shares of the company’s stock after buying an additional 113,876 shares during the period. Allianz Asset Management GmbH’s holdings in BrightSpire Capital were worth $1,120,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. North Ground Capital raised its holdings in BrightSpire Capital by 90.5% during the 3rd quarter. North Ground Capital now owns 2,520,000 shares of the company’s stock worth $13,684,000 after buying an additional 1,197,000 shares during the period. Jane Street Group LLC boosted its holdings in shares of BrightSpire Capital by 257.9% in the first quarter. Jane Street Group LLC now owns 286,724 shares of the company’s stock worth $1,594,000 after buying an additional 206,610 shares during the period. Waterfall Asset Management LLC purchased a new position in shares of BrightSpire Capital in the second quarter worth approximately $999,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of BrightSpire Capital by 9.5% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,135,797 shares of the company’s stock valued at $10,786,000 after acquiring an additional 185,431 shares during the period. Finally, Nomura Holdings Inc. raised its holdings in shares of BrightSpire Capital by 5.1% during the second quarter. Nomura Holdings Inc. now owns 3,418,495 shares of the company’s stock valued at $17,263,000 after acquiring an additional 165,792 shares during the period. 56.57% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on BRSP shares. Weiss Ratings raised shares of BrightSpire Capital from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, February 3rd. B. Riley Financial initiated coverage on BrightSpire Capital in a research report on Monday, January 5th. They issued a “buy” rating and a $7.50 target price for the company. Finally, Citigroup reiterated a “market outperform” rating on shares of BrightSpire Capital in a report on Thursday, October 30th. Five analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $6.40.

BrightSpire Capital Trading Up 0.6%

Shares of NYSE BRSP opened at $5.72 on Friday. The business has a 50 day simple moving average of $5.88 and a 200 day simple moving average of $5.63. BrightSpire Capital, Inc. has a 52 week low of $4.16 and a 52 week high of $6.32. The stock has a market cap of $741.41 million, a price-to-earnings ratio of -19.05 and a beta of 1.39. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.55 and a current ratio of 0.55.

BrightSpire Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were paid a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 11.2%. The ex-dividend date of this dividend was Wednesday, December 31st. BrightSpire Capital’s payout ratio is presently -213.33%.

BrightSpire Capital Company Profile

BrightSpire Capital Inc (NYSE: BRSP) is a real estate investment trust (REIT) specializing in commercial real estate debt. The company primarily originates, acquires and manages a diversified portfolio of mortgage loans, mezzanine loans and preferred equity investments secured by office, retail, industrial, multifamily and hospitality assets across the United States. By focusing on income-producing credit instruments, BrightSpire seeks to deliver attractive risk-adjusted returns to its shareholders through regular dividend distributions.

BrightSpire’s investment strategy spans the capital structure of commercial real estate, with an emphasis on senior mortgages that offer more stable cash flows and downside protection.