BrightSpire Capital, Inc. (NYSE:BRSP) Stock Position Trimmed by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lowered its stake in BrightSpire Capital, Inc. (NYSE:BRSP - Free Report) by 8.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,384,942 shares of the company's stock after selling 133,228 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.07% of BrightSpire Capital worth $7,756,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Private Management Group Inc. grew its holdings in BrightSpire Capital by 1.9% during the 3rd quarter. Private Management Group Inc. now owns 4,574,973 shares of the company's stock valued at $25,620,000 after purchasing an additional 85,787 shares in the last quarter. Federated Hermes Inc. grew its stake in shares of BrightSpire Capital by 0.4% during the second quarter. Federated Hermes Inc. now owns 1,588,384 shares of the company's stock valued at $9,054,000 after acquiring an additional 6,297 shares in the last quarter. Van ECK Associates Corp grew its stake in BrightSpire Capital by 34.7% during the 2nd quarter. Van ECK Associates Corp now owns 1,067,438 shares of the company's stock valued at $6,084,000 after purchasing an additional 275,175 shares in the last quarter. Private Advisor Group LLC grew its stake in BrightSpire Capital by 14.5% during the 3rd quarter. Private Advisor Group LLC now owns 557,638 shares of the company's stock valued at $3,123,000 after purchasing an additional 70,752 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in BrightSpire Capital by 10.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 455,366 shares of the company's stock worth $2,596,000 after purchasing an additional 42,553 shares during the last quarter. Institutional investors and hedge funds own 56.57% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, JMP Securities restated a "market outperform" rating and set a $7.50 price objective on shares of BrightSpire Capital in a report on Thursday, September 19th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $7.00.

BrightSpire Capital Stock Down 1.2 %

BrightSpire Capital stock traded down $0.08 during midday trading on Wednesday, hitting $6.35. The stock had a trading volume of 379,858 shares, compared to its average volume of 744,555. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 1.78. The stock has a market cap of $823.50 million, a P/E ratio of -6.30 and a beta of 1.87. BrightSpire Capital, Inc. has a 12 month low of $5.07 and a 12 month high of $8.01. The business has a fifty day moving average price of $5.89 and a 200 day moving average price of $5.89.

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.