Atria Investments Inc Raises Stock Holdings in BrightSpire Capital, Inc. (NYSE:BRSP)

Atria Investments Inc raised its stake in BrightSpire Capital, Inc. (NYSE:BRSP) by 18.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 35,869 shares of the company’s stock after buying an additional 5,531 shares during the quarter. Atria Investments Inc’s holdings in BrightSpire Capital were worth $202,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Avior Wealth Management LLC raised its stake in shares of BrightSpire Capital by 363.1% in the 3rd quarter. Avior Wealth Management LLC now owns 9,266 shares of the company’s stock valued at $52,000 after acquiring an additional 7,265 shares during the period. Winthrop Advisory Group LLC purchased a new stake in BrightSpire Capital in the fourth quarter valued at approximately $61,000. Fermata Advisors LLC acquired a new position in BrightSpire Capital during the fourth quarter worth $65,000. Atria Wealth Solutions Inc. purchased a new position in shares of BrightSpire Capital during the fourth quarter worth $72,000. Finally, Garden State Investment Advisory Services LLC acquired a new stake in shares of BrightSpire Capital in the third quarter valued at $75,000. Hedge funds and other institutional investors own 56.57% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on BRSP shares. B. Riley dropped their target price on BrightSpire Capital from $10.00 to $9.00 and set a “buy” rating for the company in a research report on Tuesday, January 7th. Alliance Global Partners initiated coverage on shares of BrightSpire Capital in a research note on Friday, January 17th. They issued a “buy” rating and a $7.25 price objective for the company. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, BrightSpire Capital currently has an average rating of “Moderate Buy” and an average price target of $7.69.

BrightSpire Capital Stock Up 1.1 %

BrightSpire Capital stock opened at $6.04 on Wednesday. BrightSpire Capital, Inc. has a 1-year low of $5.07 and a 1-year high of $7.04. The stock has a market cap of $782.78 million, a PE ratio of -5.75 and a beta of 1.98. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.70 and a quick ratio of 0.73. The stock’s fifty day moving average is $5.85 and its two-hundred day moving average is $5.87.

BrightSpire Capital (NYSE:BRSP) last issued its earnings results on Tuesday, February 18th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.03). BrightSpire Capital had a negative net margin of 79.23% and a positive return on equity of 8.82%. The company had revenue of $17.46 million during the quarter, compared to analyst estimates of $65.81 million. During the same quarter in the previous year, the company posted $0.28 EPS. On average, sell-side analysts expect that BrightSpire Capital, Inc. will post 0.67 EPS for the current fiscal year.

BrightSpire Capital Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 10.60%. The ex-dividend date is Monday, March 31st. BrightSpire Capital’s dividend payout ratio (DPR) is currently -60.95%.

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.