10,158 Shares in BrightSpire Capital, Inc. $BRSP Bought by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. bought a new position in BrightSpire Capital, Inc. (NYSE:BRSP) in the second quarter, HoldingsChannel.com reports. The firm bought 10,158 shares of the company’s stock, valued at approximately $53,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Aigen Investment Management LP acquired a new position in BrightSpire Capital in the 1st quarter worth $57,000. M&T Bank Corp acquired a new position in BrightSpire Capital in the 1st quarter worth $62,000. Arkadios Wealth Advisors acquired a new position in BrightSpire Capital in the 1st quarter worth $65,000. Allworth Financial LP boosted its stake in BrightSpire Capital by 2,719.2% in the 1st quarter. Allworth Financial LP now owns 17,733 shares of the company’s stock worth $99,000 after purchasing an additional 17,104 shares during the period. Finally, Teacher Retirement System of Texas acquired a new position in BrightSpire Capital in the 1st quarter worth $105,000. 56.57% of the stock is owned by institutional investors and hedge funds.

BrightSpire Capital Stock Down 1.2%

Shares of BRSP stock opened at $5.32 on Friday. BrightSpire Capital, Inc. has a 52-week low of $4.16 and a 52-week high of $6.45. The stock has a market cap of $690.90 million, a price-to-earnings ratio of -24.16 and a beta of 1.54. The firm’s 50-day moving average is $5.57 and its 200-day moving average is $5.24. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.54 and a current ratio of 0.54.

BrightSpire Capital (NYSE:BRSP) last posted its quarterly earnings results on Wednesday, February 24th. The company reported $0.20 EPS for the quarter. BrightSpire Capital had a positive return on equity of 7.74% and a negative net margin of 16.92%.The business had revenue of $37.88 million during the quarter. Sell-side analysts predict that BrightSpire Capital, Inc. will post 0.67 EPS for the current year.

BrightSpire Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were issued a dividend of $0.16 per share. The ex-dividend date was Tuesday, September 30th. This represents a $0.64 dividend on an annualized basis and a yield of 12.0%. BrightSpire Capital’s dividend payout ratio (DPR) is presently -290.91%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Barclays reaffirmed an “underweight” rating and issued a $5.00 target price (down from $7.00) on shares of BrightSpire Capital in a research note on Tuesday, July 8th. Jones Trading reissued a “buy” rating and set a $6.50 price target on shares of BrightSpire Capital in a research report on Wednesday, July 30th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of BrightSpire Capital in a research report on Tuesday, October 14th. Four analysts have rated the stock with a Buy rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $6.79.

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.