Alliance Global Partners Initiates Coverage on BrightSpire Capital (NYSE:BRSP)

Investment analysts at Alliance Global Partners started coverage on shares of BrightSpire Capital (NYSE:BRSP) in a research report issued on Friday, MarketBeat.com reports. The brokerage set a “buy” rating and a $7.25 price target on the stock. Alliance Global Partners’ target price would suggest a potential upside of 25.54% from the company’s current price.

A number of other brokerages have also weighed in on BRSP. 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. B. Riley dropped their price objective on BrightSpire Capital from $10.00 to $9.00 and set a “buy” rating on the stock in a research report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $7.45.

BrightSpire Capital Stock Up 1.5 %

NYSE:BRSP opened at $5.78 on Friday. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.73 and a current ratio of 0.73. The firm has a market cap of $748.90 million, a P/E ratio of -5.66 and a beta of 1.88. BrightSpire Capital has a fifty-two week low of $5.07 and a fifty-two week high of $7.71. The firm has a 50-day simple moving average of $6.05 and a two-hundred day simple moving average of $5.88.

Hedge Funds Weigh In On BrightSpire Capital

Institutional investors have recently made changes to their positions in the business. Avior Wealth Management LLC raised its position in BrightSpire Capital by 363.1% in the third quarter. Avior Wealth Management LLC now owns 9,266 shares of the company’s stock worth $52,000 after acquiring an additional 7,265 shares during the period. ORG Partners LLC bought a new position in BrightSpire Capital in the 3rd quarter worth $53,000. EverSource Wealth Advisors LLC lifted 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 valued at $59,000 after purchasing an additional 10,085 shares in the last quarter. McAdam LLC purchased a new position in BrightSpire Capital during the third quarter valued at $58,000. Finally, Winthrop Advisory Group LLC bought a new stake in BrightSpire Capital during the fourth quarter valued at about $61,000. 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.