Samalin Investment Counsel LLC Sells 4,249 Shares of BrightSpire Capital, Inc. (NYSE:BRSP)

Samalin Investment Counsel LLC reduced its stake in BrightSpire Capital, Inc. (NYSE:BRSP) by 4.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 82,538 shares of the company’s stock after selling 4,249 shares during the period. Samalin Investment Counsel LLC owned 0.06% of BrightSpire Capital worth $466,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Avior Wealth Management LLC raised its stake in BrightSpire Capital by 363.1% during the 3rd quarter. Avior Wealth Management LLC now owns 9,266 shares of the company’s stock worth $52,000 after buying an additional 7,265 shares during the period. Winthrop Advisory Group LLC acquired a new stake in shares of BrightSpire Capital during the fourth quarter worth about $61,000. Fermata Advisors LLC bought a new position in shares of BrightSpire Capital during the 4th quarter valued at about $65,000. Cibc World Markets Corp acquired a new position in shares of BrightSpire Capital in the 4th quarter valued at approximately $68,000. Finally, Atria Wealth Solutions Inc. bought a new stake in BrightSpire Capital during the 4th quarter worth approximately $72,000. Institutional investors own 56.57% of the company’s stock.

BrightSpire Capital Stock Down 0.7 %

NYSE:BRSP opened at $5.89 on Monday. BrightSpire Capital, Inc. has a twelve month low of $5.07 and a twelve month high of $7.02. The firm has a market capitalization of $763.97 million, a price-to-earnings ratio of -5.61 and a beta of 1.98. The company has a quick ratio of 0.73, a current ratio of 0.70 and a debt-to-equity ratio of 1.79. The stock’s 50 day moving average price is $5.87 and its two-hundred day moving average price is $5.88.

BrightSpire Capital (NYSE:BRSP) last announced its quarterly earnings data on Tuesday, February 18th. The company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.03). The firm had revenue of $17.46 million during the quarter, compared to the consensus estimate of $65.81 million. BrightSpire Capital had a negative net margin of 79.23% and a positive return on equity of 8.82%. During the same period last year, the business earned $0.28 EPS. Equities research analysts expect that BrightSpire Capital, Inc. will post 0.67 earnings per share for the current fiscal year.

BrightSpire Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 10.86%. The ex-dividend date is Monday, March 31st. BrightSpire Capital’s payout ratio is presently -60.95%.

Analyst Ratings Changes

BRSP has been the subject of several research reports. Alliance Global Partners began coverage on shares of BrightSpire Capital in a research report on Friday, January 17th. They set a “buy” rating and a $7.25 price objective for the company. B. Riley cut their price target on BrightSpire Capital from $10.00 to $9.00 and set a “buy” rating on the stock in a report on Tuesday, January 7th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, BrightSpire Capital has a consensus rating of “Moderate Buy” and an average target price of $7.69.

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.