Private Advisor Group LLC Increases Stock Position in BrightSpire Capital, Inc. (NYSE:BRSP)

Private Advisor Group LLC lifted its stake in BrightSpire Capital, Inc. (NYSE:BRSP) by 14.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 557,638 shares of the company’s stock after purchasing an additional 70,752 shares during the quarter. Private Advisor Group LLC owned about 0.43% of BrightSpire Capital worth $3,123,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC increased its position 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 valued at $41,000 after purchasing an additional 5,753 shares during the last quarter. ORG Partners LLC bought a new position in BrightSpire Capital in the 3rd quarter worth about $53,000. EverSource Wealth Advisors LLC increased its stake in shares of BrightSpire Capital by 5,602.8% during the second 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 period. Founders Financial Securities LLC purchased a new position in BrightSpire Capital during the second quarter valued at approximately $62,000. Finally, RFG Advisory LLC bought a new position in BrightSpire Capital in the second quarter worth about $68,000. 56.57% of the stock is currently owned by institutional investors.

BrightSpire Capital Stock Performance

Shares of BRSP opened at $5.30 on Tuesday. The company has a market capitalization of $692.37 million, a price-to-earnings ratio of -9.64 and a beta of 1.89. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 1.69. BrightSpire Capital, Inc. has a 52-week low of $5.07 and a 52-week high of $8.01. The stock has a 50 day moving average price of $5.66 and a 200 day moving average price of $5.89.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. BTIG Research restated a “neutral” rating on shares of BrightSpire Capital in a research note on Friday, July 19th. JMP Securities restated a “market outperform” rating and issued a $7.50 price objective on shares of BrightSpire Capital in a report on Thursday, September 19th. One equities 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. According to MarketBeat.com, BrightSpire Capital has an average rating of “Hold” and a consensus target price of $7.00.

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.