Mitsubishi UFJ Trust & Banking Corp Buys Shares of 6,100 BrightSpire Capital, Inc. (NYSE:BRSP)

Mitsubishi UFJ Trust & Banking Corp acquired a new position in BrightSpire Capital, Inc. (NYSE:BRSPGet Rating) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 6,100 shares of the company’s stock, valued at approximately $63,000.

Other institutional investors have also recently modified their holdings of the company. BerganKDV Wealth Management LLC boosted its stake in BrightSpire Capital by 1,698.0% in the 3rd quarter. BerganKDV Wealth Management LLC now owns 5,394 shares of the company’s stock worth $51,000 after purchasing an additional 5,094 shares in the last quarter. Penserra Capital Management LLC purchased a new stake in BrightSpire Capital in the 3rd quarter worth $82,000. Laurion Capital Management LP purchased a new stake in shares of BrightSpire Capital during the third quarter worth $126,000. Teacher Retirement System of Texas grew its holdings in shares of BrightSpire Capital by 24.0% during the third quarter. Teacher Retirement System of Texas now owns 13,649 shares of the company’s stock worth $128,000 after buying an additional 2,643 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC boosted its position in shares of BrightSpire Capital by 614.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 14,102 shares of the company’s stock valued at $145,000 after acquiring an additional 12,127 shares during the last quarter. 66.22% of the stock is currently owned by hedge funds and other institutional investors.

In other news, insider David A. Palame bought 7,500 shares of the firm’s stock in a transaction that occurred on Friday, May 6th. The stock was acquired at an average price of $7.97 per share, with a total value of $59,775.00. Following the completion of the purchase, the insider now directly owns 311,579 shares of the company’s stock, valued at approximately $2,483,284.63. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, CEO Michael Mazzei purchased 50,000 shares of the firm’s stock in a transaction that occurred on Friday, May 6th. The stock was bought at an average price of $8.04 per share, with a total value of $402,000.00. Following the transaction, the chief executive officer now directly owns 950,442 shares in the company, valued at $7,641,553.68. The disclosure for this purchase can be found here. Corporate insiders own 0.98% of the company’s stock.

Shares of BRSP stock opened at $8.32 on Friday. The firm has a 50-day moving average price of $8.84 and a 200 day moving average price of $9.26. BrightSpire Capital, Inc. has a twelve month low of $7.82 and a twelve month high of $10.68. The company has a market capitalization of $1.09 billion, a price-to-earnings ratio of 55.47 and a beta of 1.65. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 1.61.

BrightSpire Capital (NYSE:BRSPGet Rating) last issued its earnings results on Tuesday, May 3rd. The company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.02). BrightSpire Capital had a return on equity of 7.34% and a net margin of 13.73%. During the same period in the previous year, the firm posted $0.11 EPS. As a group, research analysts predict that BrightSpire Capital, Inc. will post 0.97 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, April 15th. Stockholders of record on Thursday, March 31st were paid a dividend of $0.19 per share. This is a boost from BrightSpire Capital’s previous quarterly dividend of $0.18. This represents a $0.76 annualized dividend and a dividend yield of 9.13%. The ex-dividend date of this dividend was Wednesday, March 30th. BrightSpire Capital’s dividend payout ratio is 506.70%.

A number of research analysts have commented on BRSP shares. Bank of America began coverage on shares of BrightSpire Capital in a research report on Friday, February 18th. They issued a “neutral” rating on the stock. Zacks Investment Research upgraded shares of BrightSpire Capital from a “sell” rating to a “hold” rating in a research note on Tuesday, March 1st. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $11.17.

BrightSpire Capital Company Profile (Get Rating)

BrightSpire Capital, Inc operates as a commercial real estate (CRE) credit real estate investment trust in the United States. It focuses on originating, acquiring, financing, and managing a portfolio of CRE senior mortgage loans, mezzanine loans, preferred equity, debt securities, and net leased properties.

See Also

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Institutional Ownership by Quarter for BrightSpire Capital (NYSE:BRSP)

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