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

Federated Hermes Inc. increased his position in shares of BrightSpire Capital, Inc. (NYSE:BRSP – Free Report) rose 3.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 1,561,834 shares of the company, after acquiring an additional 59,342 shares during the quarter. The Importance of Federated Hermes Inc. in BrightSpire Capital was $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 bought a new stake in shares of BrightSpire Capital in the third quarter worth approximately $63,000. Arlington Trust Co LLC purchased a new stake in shares of BrightSpire Capital in the fourth quarter worth approximately $67,000. Hudson Valley Investment Advisors Inc. ADV bought a new stake in shares of BrightSpire Capital in the third quarter worth approximately $75,000. Arkadios Wealth Advisors bought a new stake in shares of BrightSpire Capital in the fourth quarter worth approximately $77,000. Finally, Anfield Capital Management LLC purchased a new stake in shares of BrightSpire Capital in the 3rd quarter worth approximately $97,000. Institutional investors and hedge funds own 56.57% of the company’s shares.

Buying and selling with insider information

In related news, insider David A. Palame sold 50,000 shares of the stock in a transaction that occurred on Wednesday, March 27. The shares 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 shares are currently owned by company insiders.

Wall Street analysts predict growth

A number of research firms have recently released reports on the BRSP. Barclays raised their price target on BrightSpire Capital from $6.00 to $8.00 and gave the company an “equalweight” rating in a research report on Monday, January 22. Bank of America downgraded 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 4.

Get our latest stock analysis on BrightSpire Capital

BrightSpire Capital is trading 1.2% higher

Shares of BrightSpire Capital opened at $6.50 on Wednesday. The company has a market cap 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 company also recently announced a quarterly dividend, which was paid on Monday, April 15. Investors of record received a $0.20 dividend on Friday, March 29. The ex-dividend date was Wednesday, March 27. This represents an annualized dividend of $0.80 and a yield of 12.31%. BrightSpire Capital’s payout ratio is -615.38%.

BrightSpire Capital Profile

(Free report)

BrightSpire Capital, Inc operates as a commercial real estate investment trust (CRE) in the United States and Europe. The company operates through senior and mezzanine loans and preferred shares; Net rented and other real estate; and business 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.

Read further

Would you like to see which other hedge funds own BRSP? Visit HoldingsChannel.com for the latest 13F filings and insider transactions for BrightSpire Capital, Inc. (NYSE:BRSP – Free Report).

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