BrightSpire Capital, Inc. (NYSE:BRSP) Shares Acquired by J.W. Cole Advisors Inc.

J.W. Cole Advisors Inc. lifted its holdings in shares of BrightSpire Capital, Inc. (NYSE:BRSP) by 46.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 157,857 shares of the company’s stock after acquiring an additional 49,834 shares during the period. J.W. Cole Advisors Inc. owned 0.12% of BrightSpire Capital worth $890,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Avior Wealth Management LLC boosted its position 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 purchasing an additional 7,265 shares during the period. McAdam LLC acquired a new stake in shares of BrightSpire Capital in the 3rd quarter valued at about $58,000. Winthrop Advisory Group LLC acquired a new stake in shares of BrightSpire Capital in the 4th quarter valued at about $61,000. Fermata Advisors LLC purchased a new stake in BrightSpire Capital in the 4th quarter valued at $65,000. Finally, Garden State Investment Advisory Services LLC purchased a new stake in BrightSpire Capital in the 3rd quarter valued at $75,000. Institutional investors and hedge funds own 56.57% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on BRSP. B. Riley reduced their price target on shares of 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 assumed coverage on BrightSpire Capital in a research report on Friday, January 17th. They issued a “buy” rating and a $7.25 price target on the stock. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $7.45.

BrightSpire Capital Price Performance

Shares of NYSE:BRSP opened at $5.95 on Wednesday. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 1.78. The company has a market cap of $770.95 million, a P/E ratio of -5.83 and a beta of 1.88. BrightSpire Capital, Inc. has a 52 week low of $5.07 and a 52 week high of $7.04. The company has a 50-day moving average price of $5.81 and a 200 day moving average price of $5.81.

BrightSpire Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a $0.16 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.64 dividend on an annualized basis and a yield of 10.77%. BrightSpire Capital’s payout ratio is currently -62.75%.

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.