Thrivent Financial for Lutherans Decreases Stake in BrightSpire Capital, Inc. (NYSE:BRSP)

Thrivent Financial for Lutherans lessened its holdings in BrightSpire Capital, Inc. (NYSE:BRSP) by 69.2% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,197 shares of the company’s stock after selling 38,562 shares during the period. Thrivent Financial for Lutherans’ holdings in BrightSpire Capital were worth $96,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of BRSP. Private Management Group Inc. boosted its position in BrightSpire Capital by 1.9% in the third quarter. Private Management Group Inc. now owns 4,574,973 shares of the company’s stock worth $25,620,000 after purchasing an additional 85,787 shares during the last quarter. Federated Hermes Inc. raised its stake in shares of BrightSpire Capital by 0.4% during the 2nd quarter. Federated Hermes Inc. now owns 1,588,384 shares of the company’s stock worth $9,054,000 after purchasing an additional 6,297 shares during the period. Van ECK Associates Corp boosted its holdings in shares of BrightSpire Capital by 34.7% in the 2nd quarter. Van ECK Associates Corp now owns 1,067,438 shares of the company’s stock worth $6,084,000 after buying an additional 275,175 shares during the last quarter. Private Advisor Group LLC grew its position in BrightSpire Capital by 14.5% during the third quarter. Private Advisor Group LLC now owns 557,638 shares of the company’s stock valued at $3,123,000 after buying an additional 70,752 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in BrightSpire Capital by 10.3% during the second quarter. Bank of New York Mellon Corp now owns 455,366 shares of the company’s stock worth $2,596,000 after buying an additional 42,553 shares during the last quarter. 56.57% of the stock is owned by institutional investors.

BrightSpire Capital Stock Up 1.0 %

BRSP stock opened at $6.33 on Friday. BrightSpire Capital, Inc. has a fifty-two week low of $5.07 and a fifty-two week high of $8.01. The company has a market capitalization of $820.26 million, a price-to-earnings ratio of -6.14 and a beta of 1.87. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.73 and a current ratio of 0.73. The stock has a fifty day moving average of $5.85 and a 200-day moving average of $5.89.

Wall Street Analysts Forecast Growth

Separately, JMP Securities reiterated a “market outperform” rating and issued a $7.50 target price on shares of BrightSpire Capital in a research note on Thursday, September 19th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, BrightSpire Capital currently has a consensus rating of “Hold” and an average price target of $7.00.

About BrightSpire Capital

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.