B. Riley Lowers BrightSpire Capital (NYSE:BRSP) Price Target to $9.00

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

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

BrightSpire Capital Price Performance

Shares of BrightSpire Capital stock opened at $5.68 on Tuesday. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.73 and a current ratio of 0.73. BrightSpire Capital has a 52-week low of $5.07 and a 52-week high of $7.71. The company has a fifty day moving average of $6.11 and a 200-day moving average of $5.89. The stock has a market capitalization of $736.61 million, a price-to-earnings ratio of -5.57 and a beta of 1.88.

Institutional Investors Weigh In On BrightSpire Capital

Institutional investors have recently added to or reduced their stakes in the company. Avior Wealth Management LLC increased its position in shares of BrightSpire Capital by 363.1% in the third quarter. Avior Wealth Management LLC now owns 9,266 shares of the company’s stock valued at $52,000 after acquiring an additional 7,265 shares during the period. ORG Partners LLC purchased a new position in BrightSpire Capital during the 3rd quarter valued at about $53,000. McAdam LLC purchased a new position in BrightSpire Capital during the 3rd quarter valued at about $58,000. EverSource Wealth Advisors LLC lifted its holdings in BrightSpire Capital by 5,602.8% in the 2nd 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 during the period. Finally, Oak Thistle LLC bought a new stake in shares of BrightSpire Capital in the 2nd quarter worth approximately $68,000. 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.