28,946 Shares in BrightSpire Capital, Inc. (NYSE:BRSP) Purchased by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC acquired a new stake in BrightSpire Capital, Inc. (NYSE:BRSP) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 28,946 shares of the company’s stock, valued at approximately $163,000.

Other institutional investors also recently modified their holdings of the company. Fermata Advisors LLC bought a new stake in BrightSpire Capital during the 4th quarter worth about $65,000. Winthrop Advisory Group LLC bought a new stake in shares of BrightSpire Capital during the fourth quarter worth approximately $61,000. ORG Partners LLC lifted its holdings in BrightSpire Capital by 221.9% in the fourth quarter. ORG Partners LLC now owns 30,619 shares of the company’s stock valued at $173,000 after buying an additional 21,108 shares during the period. Garden State Investment Advisory Services LLC bought a new position in BrightSpire Capital in the third quarter valued at approximately $75,000. Finally, Barclays PLC grew its holdings in BrightSpire Capital by 329.1% during the 3rd quarter. Barclays PLC now owns 198,351 shares of the company’s stock worth $1,110,000 after acquiring an additional 152,131 shares during the period. 56.57% of the stock is owned by institutional investors.

BrightSpire Capital Trading Down 0.1 %

Shares of BrightSpire Capital stock opened at $5.63 on Monday. 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 business has a fifty day simple moving average of $5.94 and a two-hundred day simple moving average of $5.84. BrightSpire Capital, Inc. has a 1 year low of $5.07 and a 1 year high of $7.49. The company has a market capitalization of $730.62 million, a price-to-earnings ratio of -5.52 and a beta of 1.88.

BrightSpire Capital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a $0.16 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.64 annualized dividend and a yield of 11.36%. BrightSpire Capital’s dividend payout ratio is currently -62.75%.

Analysts Set New Price Targets

Several research firms have weighed in on BRSP. B. Riley cut their target price on BrightSpire Capital from $10.00 to $9.00 and set a “buy” rating on the stock in a research note on Tuesday, January 7th. Alliance Global Partners initiated coverage on BrightSpire Capital in a research report on Friday, January 17th. They issued a “buy” rating and a $7.25 price objective for the company. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $7.45.

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.