BrightSpire Capital, Inc. (NYSE: BRSP) is reported to have made an official announcement on the payment of a dividend on September 22. The information was obtained from investing.com. On September 30, the record date for dividend eligibility, shareholders who own shares will be entitled to receive dividend payments equal to $0.20 per share. If one were to take these numbers at face value, they would indicate a dividend yield of 9.96%. September 29, which is a Thursday, is the date that will mark the beginning of the “ex-dividend” status for this dividend. The previous payout from BrightSpire Capital was $0.14, but the amount of this distribution has since been increased.
On August 3, BrightSpire Capital (NYSE: BRSP) made its most recent quarterly report accessible to the general public for perusal. The company reported an earnings per share figure for the quarter of $0.24, which was $0.03 more than the projection compiled by analysts, which was $0.21. BrightSpire Capital achieved a return on equity of 8.6 percent and a net margin of 50.38 percent during the reporting period. During the same period the previous year, the company posted a profit of $0.20 per share. According to forecasts provided by industry analysts, BrightSpire Capital is expected to create $0.88 in earnings per share during the current fiscal year. This is because it was anticipated that the company would generate $0.88 in profits per share during the current fiscal year. Recent months have seen several well-known investors adjust how they hold their BRSP assets.
The company’s second fiscal quarter achieved a 757.2 percentage point rise in Goldman Sachs Group Inc.’s ownership stake in BrightSpire Capital. Goldman Sachs Group Inc. now owns 1,524,383 shares following the acquisition of an additional 1,346,560 in the most recent quarter. The current market value of these shares places the company’s stock at $11,509,000. LPL Financial LLC completed the acquisition of a new interest in BrightSpire Capital during the second quarter for a total cost of approximately $1,890,000. ExodusPoint Capital Management LP spent approximately 1,600,000 dollars during the second quarter of 2018 to acquire a new position in BrightSpire Capital. This was done to expand their holdings in the company. The State Street Corporation increased its ownership of BrightSpire Capital by 7.4% during the second quarter.
The number of shares that State Street Corp. has in the company has risen to 1,944,646 after the company’s most recent acquisition of 134,584 additional shares during the most recent reporting period. There is a value of $15,053,000 attached to these shares. Last but not least, during the second quarter, Jane Street Group LLC made an investment of approximately $870,000 toward expanding its shares in BrightSpire Capital. Institutional investors are in charge of holding 36.48 percent of the company’s total number of shares.
On Thursday, the NYSE: BRSP began trading at an opening price of $8.03. BrightSpire Capital’s stock had a 52-week low of $7.09 during the company’s most recent financial year, while the company’s shares reached a 52-week high of $10.42 during the same period. The company’s stock has a beta value of 1.64 and a price-to-earnings ratio of 14.34, which results in a market value of 1.04 billion dollars. The simple moving average price of the company’s shares over the previous 50 days is $8.55, while the average price for the last 200 days is $8.53. The debt to equity ratio comes in at 1.96, the ratio of quick to current assets is 1.58, the ratio of current assets also comes in at 1.58, and so on.
Separately, in research made public on Thursday, September 8, JMP Securities lowered their target price on BrightSpire Capital shares from $11.00 to $10.50 and rated the company as having a “market outperform” rating. Operations for BrightSpire Capital, Inc. are carried out in the United States of America. This organization is a commercial real estate (CRE) credit real estate investment trust. The key focus areas of this business include the origination, purchase, financing, and management of senior mortgage loans; mezzanine loans; preferred equity; debt instruments; and net assets leased for commercial real estate.