B. Riley Issues Pessimistic Forecast for BrightSpire Capital (NYSE:BRSP) Stock Price

BrightSpire Capital (NYSE:BRSP) had its target price dropped by stock analysts at B. Riley from $10.00 to $9.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the stock. B. Riley’s target price would indicate a potential upside of 58.45% from the company’s current price.

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

BrightSpire Capital Price Performance

Shares of NYSE:BRSP opened at $5.68 on Tuesday. The firm has a market capitalization of $736.61 million, a PE ratio of -5.57 and a beta of 1.88. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 1.78. The company has a 50-day moving average price of $6.11 and a two-hundred day moving average price of $5.89. BrightSpire Capital has a twelve month low of $5.07 and a twelve month high of $7.71.

Hedge Funds Weigh In On BrightSpire Capital

Several hedge funds have recently bought and sold shares of the company. Avior Wealth Management LLC boosted its holdings in BrightSpire Capital by 363.1% in the 3rd 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 third quarter valued at $53,000. McAdam LLC bought a new stake in BrightSpire Capital during the third quarter valued at $58,000. EverSource Wealth Advisors LLC grew 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 in the last quarter. Finally, Oak Thistle LLC bought a new position in BrightSpire Capital in the 2nd quarter worth about $68,000. Hedge funds and other institutional investors own 56.57% of the company’s stock.

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.