BrightSpire Capital (NYSE:BRSP) Shares Gap Up - What's Next?

BrightSpire Capital, Inc. (NYSE:BRSP - Get Free Report) shares gapped up prior to trading on Wednesday . The stock had previously closed at $5.25, but opened at $5.45. BrightSpire Capital shares last traded at $5.67, with a volume of 208,341 shares.

Analyst Upgrades and Downgrades

A number of analysts have commented on BRSP shares. JMP Securities reaffirmed a "market outperform" rating and set a $7.50 target price on shares of BrightSpire Capital in a report on Thursday, September 19th. BTIG Research restated a "neutral" rating on shares of BrightSpire Capital in a research note on Friday, July 19th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, BrightSpire Capital has a consensus rating of "Hold" and an average price target of $7.00.

BrightSpire Capital Trading Up 18.5 %

The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 1.69. The stock has a fifty day simple moving average of $5.65 and a 200 day simple moving average of $5.89. The firm has a market capitalization of $812.51 million, a P/E ratio of -5.93 and a beta of 1.89.

Institutional Investors Weigh In On BrightSpire Capital

Several large investors have recently made changes to their positions in BRSP. Vanguard Group Inc. grew its holdings in shares of BrightSpire Capital by 7.0% in the fourth quarter. Vanguard Group Inc. now owns 13,353,915 shares of the company's stock valued at $99,353,000 after purchasing an additional 873,407 shares in the last quarter. Private Management Group Inc. lifted 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 buying an additional 85,787 shares during the last quarter. Federated Hermes Inc. boosted its stake in BrightSpire Capital by 0.4% during the second quarter. Federated Hermes Inc. now owns 1,588,384 shares of the company's stock worth $9,054,000 after buying an additional 6,297 shares during the period. Van ECK Associates Corp increased its position in BrightSpire Capital by 34.7% during the second quarter. Van ECK Associates Corp now owns 1,067,438 shares of the company's stock valued at $6,084,000 after acquiring an additional 275,175 shares during the last quarter. Finally, Private Advisor Group LLC raised its stake in shares of BrightSpire Capital by 14.5% in the third quarter. Private Advisor Group LLC now owns 557,638 shares of the company's stock valued at $3,123,000 after acquiring an additional 70,752 shares during the period. 56.57% of the stock is owned by institutional investors.

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.