Atria Wealth Solutions Inc. Purchases New Position in BrightSpire Capital, Inc. (NYSE:BRSP)

Atria Wealth Solutions Inc. purchased a new stake in shares of BrightSpire Capital, Inc. (NYSE:BRSP) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 43,004 shares of the company’s stock, valued at approximately $320,000.

A number of other large investors have also added to or reduced their stakes in the company. Private Management Group Inc. raised its stake in BrightSpire Capital by 1.0% during the fourth quarter. Private Management Group Inc. now owns 4,432,343 shares of the company’s stock valued at $32,977,000 after purchasing an additional 45,507 shares in the last quarter. Federated Hermes Inc. raised its position in shares of BrightSpire Capital by 3.9% during the 4th quarter. Federated Hermes Inc. now owns 1,561,834 shares of the company’s stock valued at $11,620,000 after buying an additional 59,342 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in BrightSpire Capital by 30.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 34,210 shares of the company’s stock worth $255,000 after acquiring an additional 8,004 shares in the last quarter. International Assets Investment Management LLC bought a new stake in BrightSpire Capital during the fourth quarter worth approximately $1,720,000. Finally, Arlington Trust Co LLC purchased a new stake in BrightSpire Capital during the fourth quarter valued at approximately $67,000. Institutional investors own 56.57% of the company’s stock.

BrightSpire Capital Stock Performance

BRSP stock opened at $6.11 on Wednesday. BrightSpire Capital, Inc. has a twelve month low of $5.20 and a twelve month high of $8.01. The firm has a market cap of $798.21 million, a price-to-earnings ratio of -11.11 and a beta of 1.89. The business’s fifty day simple moving average is $6.58 and its two-hundred day simple moving average is $6.77. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 1.63.

BrightSpire Capital (NYSE:BRSP) last posted its quarterly earnings results on Wednesday, May 1st. The company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.02). The company had revenue of $27.43 million during the quarter, compared to analysts’ expectations of $28.64 million. BrightSpire Capital had a positive return on equity of 9.36% and a negative net margin of 33.20%. During the same period in the prior year, the business earned $0.26 EPS. Analysts predict that BrightSpire Capital, Inc. will post 0.9 earnings per share for the current year.

BrightSpire Capital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 13.09%. The ex-dividend date was Wednesday, March 27th. BrightSpire Capital’s dividend payout ratio is presently -145.45%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on BRSP shares. Barclays dropped their target price on BrightSpire Capital from $8.00 to $7.00 and set an “equal weight” rating for the company in a report on Thursday, May 2nd. Bank of America downgraded shares of BrightSpire Capital from a “neutral” rating to an “underperform” rating and set a $6.50 target price on the stock. in a research note on Monday, March 4th. Finally, Raymond James lowered shares of BrightSpire Capital from an “outperform” rating to a “market perform” rating in a research report on Friday, May 3rd.

Insider Activity at BrightSpire Capital

In other BrightSpire Capital news, insider David A. Palame sold 50,000 shares of the firm’s stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $6.76, for a total transaction of $338,000.00. Following the transaction, the insider now directly owns 347,832 shares in the company, valued at approximately $2,351,344.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.06% of the stock is owned by company insiders.

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.