BrightSpire Capital, Inc. (NYSE:BRSP) Shares Sold by Federated Hermes Inc.

by · The Cerbat Gem

Federated Hermes Inc. reduced its position in BrightSpire Capital, Inc. (NYSE:BRSP – Free Report) by 3.6% in the 4th quarter, Holdings Channel reports. The fund owned 1,524,455 shares of the company’s stock after selling 57,326 shares during the period. Federated Hermes Inc.’s holdings in BrightSpire Capital were worth $8,598,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Barclays PLC grew its position in shares of BrightSpire Capital by 329.1% in the third quarter. Barclays PLC now owns 198,351 shares of the company’s stock valued at $1,110,000 after purchasing an additional 152,131 shares during the period. Jane Street Group LLC raised its stake in BrightSpire Capital by 19.7% during the third quarter. Jane Street Group LLC now owns 193,470 shares of the company’s stock worth $1,083,000 after purchasing an additional 31,865 shares during the period. Geode Capital Management LLC boosted its holdings in shares of BrightSpire Capital by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 3,082,637 shares of the company’s stock valued at $17,267,000 after purchasing an additional 14,606 shares during the last quarter. Atria Wealth Solutions Inc. purchased a new stake in shares of BrightSpire Capital during the 4th quarter valued at $72,000. Finally, J.W. Cole Advisors Inc. increased its holdings in shares of BrightSpire Capital by 46.1% during the 4th quarter. J.W. Cole Advisors Inc. now owns 157,857 shares of the company’s stock worth $890,000 after buying an additional 49,834 shares during the last quarter. 56.57% of the stock is currently owned by institutional investors and hedge funds.

BrightSpire Capital Stock Down 6.2 %

Shares of BrightSpire Capital stock opened at $4.45 on Friday. BrightSpire Capital, Inc. has a twelve month low of $4.27 and a twelve month high of $6.71. The stock has a market cap of $580.77 million, a price-to-earnings ratio of -4.23 and a beta of 1.54. The company has a current ratio of 0.70, a quick ratio of 0.73 and a debt-to-equity ratio of 1.79. The company has a fifty day moving average price of $5.73 and a 200 day moving average price of $5.81.

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

BrightSpire Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 14.40%. The ex-dividend date of this dividend is Monday, March 31st. BrightSpire Capital’s dividend payout ratio (DPR) is -60.95%.

Analyst Upgrades and Downgrades

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

Read Our Latest Stock Report on BrightSpire Capital

BrightSpire Capital Company Profile

(Free Report)

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.

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