BrightSpire Capital (NYSE:BRSP) Now Covered by Analysts at Alliance Global Partners

Research analysts at Alliance Global Partners assumed coverage on shares of BrightSpire Capital (NYSE:BRSP) in a note issued to investors on Friday, MarketBeat Ratings reports. The brokerage set a “buy” rating and a $7.25 price target on the stock. Alliance Global Partners’ target price would indicate a potential upside of 25.54% from the company’s previous close.

A number of other research analysts also recently commented on the company. B. Riley lowered their target price on BrightSpire Capital from $10.00 to $9.00 and set a “buy” rating for the company in a research report on Tuesday, January 7th. JMP Securities reiterated a “market outperform” rating and set a $7.50 price objective on shares of BrightSpire Capital in a research report on Thursday, September 19th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $7.45.

BrightSpire Capital Price Performance

Shares of BrightSpire Capital stock opened at $5.78 on Friday. The firm has a market cap of $748.90 million, a PE ratio of -5.66 and a beta of 1.88. The stock has a 50 day moving average of $6.05 and a 200 day moving average of $5.88. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 1.78. BrightSpire Capital has a 12 month low of $5.07 and a 12 month high of $7.71.

Institutional Trading of BrightSpire Capital

A number of hedge funds and other institutional investors have recently bought and sold shares of BRSP. Avior Wealth Management LLC boosted its stake in shares of BrightSpire Capital by 363.1% during the third quarter. Avior Wealth Management LLC now owns 9,266 shares of the company’s stock valued at $52,000 after purchasing an additional 7,265 shares during the period. ORG Partners LLC bought a new stake in BrightSpire Capital during the 3rd quarter valued at about $53,000. EverSource Wealth Advisors LLC lifted its holdings in BrightSpire Capital by 5,602.8% during 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 in the last quarter. McAdam LLC purchased a new stake in BrightSpire Capital in the 3rd quarter valued at about $58,000. Finally, Winthrop Advisory Group LLC bought a new position in BrightSpire Capital in the 4th quarter worth about $61,000. Hedge funds and other institutional investors own 56.57% of the company’s stock.

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.