Diversify Wealth Management LLC Sells 2,907 Shares of BrightSpire Capital, Inc. (NYSE:BRSP)

Diversify Wealth Management LLC reduced its holdings in shares of BrightSpire Capital, Inc. (NYSE:BRSP) by 8.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 29,738 shares of the company’s stock after selling 2,907 shares during the quarter. Diversify Wealth Management LLC’s holdings in BrightSpire Capital were worth $159,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Allspring Global Investments Holdings LLC boosted its position in BrightSpire Capital by 2,407.1% during the first quarter. Allspring Global Investments Holdings LLC now owns 5,992 shares of the company’s stock worth $41,000 after purchasing an additional 5,753 shares during the period. ORG Partners LLC bought a new stake in shares of BrightSpire Capital during the 3rd quarter worth about $53,000. EverSource Wealth Advisors LLC grew its stake in BrightSpire Capital by 5,602.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 10,265 shares of the company’s stock valued at $59,000 after buying an additional 10,085 shares during the last quarter. McAdam LLC bought a new position in BrightSpire Capital in the 3rd quarter valued at about $58,000. Finally, Founders Financial Securities LLC acquired a new stake in BrightSpire Capital during the second quarter worth approximately $62,000. 56.57% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on BRSP shares. JMP Securities reiterated a “market outperform” rating and set a $7.50 target price on shares of BrightSpire Capital in a research note on Thursday, September 19th. BTIG Research reissued a “neutral” rating on shares of BrightSpire Capital in a report on Friday, July 19th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $7.00.

BrightSpire Capital Stock Down 4.3 %

NYSE BRSP opened at $5.82 on Friday. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 1.69. The company has a market cap of $760.27 million, a price-to-earnings ratio of -5.71 and a beta of 1.89. The company has a 50 day moving average of $5.67 and a 200-day moving average of $5.89. BrightSpire Capital, Inc. has a 1-year low of $5.07 and a 1-year high of $8.01.

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.