Fermata Advisors LLC Buys New Stake in BrightSpire Capital, Inc. (NYSE:BRSP)

Fermata Advisors LLC purchased a new position in BrightSpire Capital, Inc. (NYSE:BRSP) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 11,583 shares of the company’s stock, valued at approximately $65,000.

Several other hedge funds have also recently modified their holdings of BRSP. Avior Wealth Management LLC increased its position in BrightSpire Capital by 363.1% during the third quarter. Avior Wealth Management LLC now owns 9,266 shares of the company’s stock worth $52,000 after purchasing an additional 7,265 shares during the last quarter. ORG Partners LLC purchased a new stake in BrightSpire Capital during the third quarter worth about $53,000. McAdam LLC acquired a new stake in BrightSpire Capital during the 3rd quarter worth approximately $58,000. EverSource Wealth Advisors LLC boosted its holdings in BrightSpire Capital by 5,602.8% in the second quarter. EverSource Wealth Advisors LLC now owns 10,265 shares of the company’s stock valued at $59,000 after purchasing an additional 10,085 shares during the period. Finally, Winthrop Advisory Group LLC purchased a new stake in shares of BrightSpire Capital during the fourth quarter worth approximately $61,000. Institutional investors and hedge funds own 56.57% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. B. Riley cut their price objective on shares of BrightSpire Capital from $10.00 to $9.00 and set a “buy” rating on the stock in a report on Tuesday, January 7th. Alliance Global Partners assumed coverage on shares of BrightSpire Capital in a research note on Friday. They set a “buy” rating and a $7.25 target price for the company. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $7.45.

BrightSpire Capital Price Performance

BRSP stock opened at $5.78 on Friday. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 1.78. The company has a market cap of $748.90 million, a price-to-earnings ratio of -5.66 and a beta of 1.88. BrightSpire Capital, Inc. has a 12-month low of $5.07 and a 12-month high of $7.71. The firm has a 50 day moving average of $6.05 and a 200-day moving average of $5.88.

BrightSpire Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 11.08%. The ex-dividend date was Tuesday, December 31st. BrightSpire Capital’s dividend payout ratio is presently -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.