Y Intercept Hong Kong Ltd Increases Stock Holdings in BrightSpire Capital, Inc. (NYSE:BRSP)

Y Intercept Hong Kong Ltd boosted its position in shares of BrightSpire Capital, Inc. (NYSE:BRSP) by 27.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 170,967 shares of the company’s stock after purchasing an additional 36,579 shares during the period. Y Intercept Hong Kong Ltd owned approximately 0.13% of BrightSpire Capital worth $957,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of BRSP. PFG Investments LLC raised its position in shares of BrightSpire Capital by 3.3% during the 2nd quarter. PFG Investments LLC now owns 80,369 shares of the company’s stock valued at $458,000 after buying an additional 2,570 shares during the period. The Manufacturers Life Insurance Company raised its position in BrightSpire Capital by 7.7% in the second quarter. The Manufacturers Life Insurance Company now owns 50,752 shares of the company’s stock valued at $289,000 after purchasing an additional 3,608 shares during the period. Sei Investments Co. raised its position in BrightSpire Capital by 14.4% in the second 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. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of BrightSpire Capital by 13.7% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 38,893 shares of the company’s stock valued at $222,000 after purchasing an additional 4,683 shares during the last quarter. Finally, Diversify Advisory Services LLC grew its holdings in shares of BrightSpire Capital by 27.9% during the 3rd quarter. Diversify Advisory Services LLC now owns 25,131 shares of the company’s stock worth $134,000 after purchasing an additional 5,482 shares during the period. 56.57% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, JMP Securities restated a “market outperform” rating and issued a $7.50 price objective on shares of BrightSpire Capital in a report on Thursday, September 19th. One 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’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $7.00.

BrightSpire Capital Stock Down 0.2 %

NYSE:BRSP opened at $6.34 on Friday. BrightSpire Capital, Inc. has a 52 week low of $5.07 and a 52 week high of $8.01. The stock’s fifty day moving average is $5.93 and its two-hundred day moving average is $5.89. The stock has a market capitalization of $822.20 million, a price-to-earnings ratio of -6.22 and a beta of 1.87. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 1.78.

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.