Ignite Planners LLC Sells 4,959 Shares of BrightSpire Capital, Inc. (NYSE:BRSP)

Ignite Planners LLC lowered its position in BrightSpire Capital, Inc. (NYSE:BRSP) by 31.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,721 shares of the company’s stock after selling 4,959 shares during the period. Ignite Planners LLC’s holdings in BrightSpire Capital were worth $63,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Barclays PLC boosted its stake 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 buying an additional 152,131 shares during the last quarter. Jane Street Group LLC lifted its stake in BrightSpire Capital by 19.7% in the 3rd quarter. Jane Street Group LLC now owns 193,470 shares of the company’s stock valued at $1,083,000 after purchasing an additional 31,865 shares during the last quarter. Geode Capital Management LLC lifted its position in BrightSpire Capital by 0.5% during the third quarter. Geode Capital Management LLC now owns 3,082,637 shares of the company’s stock worth $17,267,000 after acquiring an additional 14,606 shares during the last quarter. Atria Investments Inc lifted its position in BrightSpire Capital by 34.5% during the third quarter. Atria Investments Inc now owns 30,338 shares of the company’s stock worth $170,000 after acquiring an additional 7,779 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its position in BrightSpire Capital by 50.1% during the second quarter. Renaissance Technologies LLC now owns 294,200 shares of the company’s stock worth $1,677,000 after acquiring an additional 98,236 shares during the last quarter. Institutional investors own 56.57% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on BRSP shares. JMP Securities reaffirmed a “market outperform” rating and set a $7.50 target price on shares of BrightSpire Capital in a report on Thursday, September 19th. B. Riley cut their target price on shares of BrightSpire Capital from $10.00 to $9.00 and set a “buy” rating on the stock in a research report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $7.50.

BrightSpire Capital Price Performance

Shares of NYSE:BRSP opened at $5.63 on Wednesday. The firm has a market cap of $730.13 million, a PE ratio of -5.52 and a beta of 1.88. The firm’s fifty day moving average is $6.08 and its 200-day moving average is $5.88. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.73 and a current ratio of 0.73. BrightSpire Capital, Inc. has a 52 week low of $5.07 and a 52 week high of $7.71.

BrightSpire Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.16 per share. The ex-dividend date is Tuesday, December 31st. This represents a $0.64 dividend on an annualized basis and a dividend yield of 11.37%. BrightSpire Capital’s dividend payout ratio (DPR) is presently -62.75%.

About BrightSpire Capital

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.