B. Riley Lowers BrightSpire Capital (NYSE:BRSP) Price Target to $9.00

BrightSpire Capital (NYSE:BRSP - Get Free Report) had its target price cut by research analysts at B. Riley from $10.00 to $9.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has a "buy" rating on the stock. B. Riley's price target points to a potential upside of 56.79% from the company's previous close.

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

BrightSpire Capital Stock Performance

Shares of BRSP stock traded down $0.16 during trading hours on Tuesday, reaching $5.74. 1,337,347 shares of the company's stock were exchanged, compared to its average volume of 783,437. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.73 and a quick ratio of 0.73. The company's 50 day moving average is $6.12 and its two-hundred day moving average is $5.89. The company has a market cap of $744.39 million, a P/E ratio of -5.63 and a beta of 1.88. BrightSpire Capital has a 1 year low of $5.07 and a 1 year high of $7.71.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Avior Wealth Management LLC grew its stake in BrightSpire Capital by 363.1% in the 3rd quarter. Avior Wealth Management LLC now owns 9,266 shares of the company's stock worth $52,000 after acquiring an additional 7,265 shares during the period. ORG Partners LLC purchased a new stake in shares of BrightSpire Capital in the third quarter valued at $53,000. EverSource Wealth Advisors LLC lifted its position 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 period. McAdam LLC acquired a new stake in BrightSpire Capital in the 3rd quarter worth about $58,000. Finally, Oak Thistle LLC purchased a new stake in BrightSpire Capital in the 2nd quarter valued at about $68,000. 56.57% of the stock is owned by hedge funds and other institutional investors.

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.