Federated Hermes Inc. Has $8.60 Million Stock Position in BrightSpire Capital, Inc. (NYSE:BRSP)

Federated Hermes Inc. trimmed its stake in shares of BrightSpire Capital, Inc. (NYSE:BRSP - Free Report) by 3.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,524,455 shares of the company's stock after selling 57,326 shares during the period. Federated Hermes Inc. owned approximately 1.18% of BrightSpire Capital worth $8,598,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Barclays PLC lifted 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 buying an additional 152,131 shares in the last quarter. Van ECK Associates Corp lifted its stake in shares of BrightSpire Capital by 12.8% during the fourth quarter. Van ECK Associates Corp now owns 1,134,821 shares of the company's stock valued at $6,400,000 after acquiring an additional 129,120 shares during the period. Private Management Group Inc. boosted its holdings in BrightSpire Capital by 1.3% in the fourth quarter. Private Management Group Inc. now owns 4,632,732 shares of the company's stock valued at $26,129,000 after acquiring an additional 57,759 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in BrightSpire Capital in the fourth quarter worth about $315,000. Finally, J.W. Cole Advisors Inc. raised its holdings in BrightSpire Capital by 46.1% during the 4th quarter. J.W. Cole Advisors Inc. now owns 157,857 shares of the company's stock worth $890,000 after purchasing an additional 49,834 shares during the last quarter. Institutional investors and hedge funds own 56.57% of the company's stock.

BrightSpire Capital Trading Up 0.1 %

Shares of NYSE:BRSP traded up $0.01 during mid-day trading on Wednesday, reaching $4.46. The stock had a trading volume of 167,022 shares, compared to its average volume of 828,483. The firm has a 50 day simple moving average of $5.65 and a two-hundred day simple moving average of $5.78. BrightSpire Capital, Inc. has a twelve month low of $4.16 and a twelve month high of $6.71. The firm has a market cap of $582.08 million, a PE ratio of -4.24 and a beta of 1.54. The company has a current ratio of 0.70, a quick ratio of 0.73 and a debt-to-equity ratio of 1.79.

BrightSpire Capital (NYSE:BRSP - Get Free Report) last announced its quarterly earnings results on Tuesday, February 18th. The company reported $0.16 earnings per share for the quarter, missing analysts' consensus estimates of $0.19 by ($0.03). BrightSpire Capital had a positive return on equity of 8.82% and a negative net margin of 79.23%. The firm had revenue of $17.46 million for the quarter, compared to the consensus estimate of $65.81 million. During the same period in the prior year, the business earned $0.28 earnings per share. On average, research analysts predict that BrightSpire Capital, Inc. will post 0.67 EPS for the current fiscal year.

BrightSpire Capital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a $0.16 dividend. The ex-dividend date was Monday, March 31st. This represents a $0.64 annualized dividend and a dividend yield of 14.37%. BrightSpire Capital's dividend payout ratio (DPR) is currently -60.95%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on BRSP shares. Alliance Global Partners assumed coverage on shares of BrightSpire Capital in a research report on Friday, January 17th. They set a "buy" rating and a $7.25 price target for the company. B. Riley dropped their target price on shares of BrightSpire Capital from $10.00 to $9.00 and set a "buy" rating for the company in a research report on Tuesday, January 7th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $7.69.

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.