BrightSpire Capital, Inc. (NYSE:BRSP) Shares Bought by ORG Partners LLC

ORG Partners LLC boosted its stake in shares of BrightSpire Capital, Inc. (NYSE:BRSP) by 221.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,619 shares of the company’s stock after buying an additional 21,108 shares during the quarter. ORG Partners LLC’s holdings in BrightSpire Capital were worth $173,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Avior Wealth Management LLC boosted its holdings in BrightSpire Capital by 363.1% during the 3rd quarter. Avior Wealth Management LLC now owns 9,266 shares of the company’s stock valued at $52,000 after acquiring an additional 7,265 shares during the period. McAdam LLC purchased a new position in shares of BrightSpire Capital in the third quarter valued at approximately $58,000. EverSource Wealth Advisors LLC grew its holdings in shares of 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 in the last quarter. Algert Global LLC purchased a new stake in BrightSpire Capital during the 2nd quarter worth approximately $75,000. Finally, Garden State Investment Advisory Services LLC purchased a new position in BrightSpire Capital in the 3rd quarter valued at approximately $75,000. 56.57% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on BRSP. B. Riley cut their price objective on BrightSpire Capital from $10.00 to $9.00 and set a “buy” rating on the stock in a research report on Tuesday, January 7th. JMP Securities reaffirmed a “market outperform” rating and issued a $7.50 price target on shares of BrightSpire Capital in a research report on Thursday, September 19th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $7.50.

BrightSpire Capital Price Performance

BrightSpire Capital stock opened at $5.52 on Friday. The stock has a market cap of $715.86 million, a P/E ratio of -5.41 and a beta of 1.88. The company has a fifty day simple moving average of $6.09 and a 200-day simple moving average of $5.89. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 1.78. BrightSpire Capital, Inc. has a 12-month low of $5.07 and a 12-month high of $7.71.

BrightSpire Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a $0.16 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.64 dividend on an annualized basis and a dividend yield of 11.59%. BrightSpire Capital’s payout ratio is currently -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.