Fermata Advisors LLC Makes New Investment in BrightSpire Capital, Inc. (NYSE:BRSP)

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

A number of other hedge funds have also recently bought and sold shares of BRSP. Avior Wealth Management LLC raised its stake in BrightSpire Capital by 363.1% during the third quarter. Avior Wealth Management LLC now owns 9,266 shares of the company’s stock valued at $52,000 after buying an additional 7,265 shares in the last quarter. ORG Partners LLC bought a new stake in BrightSpire Capital in the 3rd quarter valued at about $53,000. McAdam LLC acquired a new position in shares of BrightSpire Capital during the third quarter worth approximately $58,000. EverSource Wealth Advisors LLC increased its position in BrightSpire Capital by 5,602.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 10,265 shares of the company’s stock valued at $59,000 after acquiring an additional 10,085 shares during the period. Finally, Winthrop Advisory Group LLC bought a new stake in BrightSpire Capital during the 4th quarter valued at $61,000. Institutional investors and hedge funds own 56.57% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Alliance Global Partners initiated coverage on shares of BrightSpire Capital in a report on Friday. They issued a “buy” rating and a $7.25 price objective for the company. 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 note on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $7.45.

BrightSpire Capital Stock Up 1.5 %

NYSE BRSP opened at $5.78 on Friday. The company has a market capitalization of $748.90 million, a P/E 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 company has a debt-to-equity ratio of 1.78, a current ratio of 0.73 and a quick ratio of 0.73. The company’s 50 day simple moving average is $6.05 and its 200 day simple moving average is $5.88.

BrightSpire Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.64 dividend on an annualized basis and a dividend yield of 11.08%. BrightSpire Capital’s dividend payout ratio (DPR) is presently -62.75%.

BrightSpire Capital Company 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.