BrightSpire Capital (NYSE:BRSP) Rating Reiterated by JMP Securities

BrightSpire Capital (NYSE:BRSP)‘s stock had its “market outperform” rating reaffirmed by JMP Securities in a research note issued to investors on Thursday, Benzinga reports. They currently have a $7.50 target price on the stock. JMP Securities’ price target indicates a potential upside of 25.42% from the company’s current price.

Separately, BTIG Research reissued a “neutral” rating on shares of BrightSpire Capital in a report on Friday, July 19th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, BrightSpire Capital presently has a consensus rating of “Hold” and a consensus price target of $7.00.

BrightSpire Capital Price Performance

NYSE BRSP opened at $5.98 on Thursday. The company has a market cap of $781.20 million, a price-to-earnings ratio of -10.87 and a beta of 1.89. The company has a debt-to-equity ratio of 1.69, a current ratio of 0.46 and a quick ratio of 0.46. The stock’s fifty day moving average price is $5.89 and its 200 day moving average price is $6.13. BrightSpire Capital has a 1 year low of $5.07 and a 1 year high of $8.01.

Hedge Funds Weigh In On BrightSpire Capital

A number of institutional investors have recently modified their holdings of the stock. Algert Global LLC acquired a new stake in BrightSpire Capital during the second quarter worth about $75,000. The Manufacturers Life Insurance Company grew its stake in shares of BrightSpire Capital by 7.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 50,752 shares of the company’s stock worth $289,000 after purchasing an additional 3,608 shares during the period. Magnetar Financial LLC acquired a new stake in shares of BrightSpire Capital during the 2nd quarter worth approximately $91,000. EverSource Wealth Advisors LLC increased its holdings in shares of 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 purchasing an additional 10,085 shares in the last quarter. Finally, Sei Investments Co. lifted its stake in shares of BrightSpire Capital by 14.4% in the 2nd quarter. Sei Investments Co. now owns 35,773 shares of the company’s stock valued at $204,000 after purchasing an additional 4,500 shares during the period. 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.