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

Federated Hermes Inc. raised its position in shares of BrightSpire Capital, Inc. (NYSE:BRSP) by 3.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 1,561,834 shares of the company’s stock after acquiring an additional 59,342 shares during the quarter. Federated Hermes Inc.’s holdings in BrightSpire Capital were worth $11,620,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in BRSP. SG Americas Securities LLC purchased a new stake in shares of BrightSpire Capital in the third quarter valued at approximately $63,000. Arlington Trust Co LLC purchased a new stake in shares of BrightSpire Capital in the fourth quarter valued at approximately $67,000. Hudson Valley Investment Advisors Inc. ADV purchased a new stake in shares of BrightSpire Capital in the third quarter valued at approximately $75,000. Arkadios Wealth Advisors purchased a new stake in shares of BrightSpire Capital in the fourth quarter valued at approximately $77,000. Finally, Anfield Capital Management LLC purchased a new stake in shares of BrightSpire Capital in the third quarter valued at approximately $97,000. Institutional investors and hedge funds own 56.57% of the company’s stock.

Insider Buying and Selling

In related news, insider David A. Palame sold 50,000 shares of the stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $6.76, for a total value of $338,000.00. Following the completion of the transaction, the insider now directly owns 347,832 shares in the company, valued at $2,351,344.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 2.06% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on BRSP. Barclays upped their price target on BrightSpire Capital from $6.00 to $8.00 and gave the company an “equal weight” rating in a research report on Monday, January 22nd. Bank of America lowered BrightSpire Capital from a “neutral” rating to an “underperform” rating and set a $6.50 price target for the company. in a research report on Monday, March 4th.

BrightSpire Capital Trading Up 1.2 %

Shares of BrightSpire Capital stock opened at $6.50 on Wednesday. The firm has a market capitalization of $849.16 million, a price-to-earnings ratio of -50.00 and a beta of 1.89. BrightSpire Capital, Inc. has a fifty-two week low of $5.20 and a fifty-two week high of $8.01. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.55 and a current ratio of 0.55. The stock has a 50 day moving average of $6.67 and a 200 day moving average of $6.76.

BrightSpire Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were given a $0.20 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.80 annualized dividend and a yield of 12.31%. BrightSpire Capital’s payout ratio is -615.38%.

BrightSpire Capital Profile

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.