BrightSpire Capital (NYSE:BRSP) Rating Reiterated by JMP Securities

BrightSpire Capital (NYSE:BRSP)‘s stock had its “market outperform” rating reiterated by investment analysts at JMP Securities in a report issued on Thursday, Benzinga reports. They currently have a $7.50 price objective on the stock. JMP Securities’ target price points to a potential upside of 25.42% from the company’s previous close.

Separately, BTIG Research reissued a “neutral” rating on shares of BrightSpire Capital in a research note on Friday, July 19th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, BrightSpire Capital presently has an average rating of “Hold” and an average price target of $7.00.

BrightSpire Capital Stock Down 3.4 %

BrightSpire Capital stock opened at $5.98 on Thursday. The company has a debt-to-equity ratio of 1.69, a current ratio of 0.46 and a quick ratio of 0.46. The stock has a market capitalization of $781.20 million, a PE ratio of -10.87 and a beta of 1.89. The business has a 50 day simple moving average of $5.89 and a 200-day simple moving average of $6.13. BrightSpire Capital has a 12 month low of $5.07 and a 12 month high of $8.01.

Institutional Trading of BrightSpire Capital

Large investors have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC boosted its holdings in shares of BrightSpire Capital by 2,407.1% during the 1st 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 last quarter. Quest Partners LLC acquired a new position in BrightSpire Capital during the fourth quarter worth $45,000. EverSource Wealth Advisors LLC boosted its stake in BrightSpire Capital by 5,602.8% during the second quarter. EverSource Wealth Advisors LLC now owns 10,265 shares of the company’s stock worth $59,000 after buying an additional 10,085 shares during the last quarter. Founders Financial Securities LLC purchased a new stake in BrightSpire Capital in the 2nd quarter valued at $62,000. Finally, RFG Advisory LLC acquired a new stake in shares of BrightSpire Capital in the 2nd quarter worth $68,000. Hedge funds and other institutional investors own 56.57% of the company’s stock.

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.