BrightSpire Capital, Inc. (NYSE:BRSP) Shares Sold by PFG Investments LLC

PFG Investments LLC lowered its position in BrightSpire Capital, Inc. (NYSE:BRSP) by 2.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 78,274 shares of the company’s stock after selling 2,095 shares during the quarter. PFG Investments LLC owned 0.06% of BrightSpire Capital worth $438,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in BRSP. Vanguard Group Inc. raised its position in BrightSpire Capital by 7.0% during the fourth quarter. Vanguard Group Inc. now owns 13,353,915 shares of the company’s stock worth $99,353,000 after acquiring an additional 873,407 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of BrightSpire Capital by 2,407.1% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 5,992 shares of the company’s stock worth $41,000 after purchasing an additional 5,753 shares during the last quarter. Commonwealth Equity Services LLC lifted its stake in BrightSpire Capital by 9.7% in the 1st quarter. Commonwealth Equity Services LLC now owns 118,916 shares of the company’s stock valued at $819,000 after buying an additional 10,560 shares in the last quarter. J.W. Cole Advisors Inc. acquired a new stake in BrightSpire Capital during the 1st quarter valued at $97,000. Finally, Diversify Advisory Services LLC acquired a new stake in BrightSpire Capital during the 1st quarter valued at $143,000. Institutional investors and hedge funds own 56.57% of the company’s stock.

BrightSpire Capital Trading Down 0.8 %

Shares of BrightSpire Capital stock opened at $5.26 on Wednesday. The firm has a market cap of $686.49 million, a PE ratio of -9.55 and a beta of 1.89. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 1.69. BrightSpire Capital, Inc. has a fifty-two week low of $5.07 and a fifty-two week high of $8.01. The business’s fifty day moving average is $5.65 and its two-hundred day moving average is $5.89.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on BRSP shares. JMP Securities restated a “market outperform” rating and issued a $7.50 price objective on shares of BrightSpire Capital in a research report on Thursday, September 19th. BTIG Research restated a “neutral” rating on shares of BrightSpire Capital in a report on Friday, July 19th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, BrightSpire Capital currently has an average rating of “Hold” and an average target price of $7.00.

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.