Garden State Investment Advisory Services LLC Buys Shares of 13,414 BrightSpire Capital, Inc. (NYSE:BRSP)

Garden State Investment Advisory Services LLC purchased a new position in BrightSpire Capital, Inc. (NYSE:BRSP) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 13,414 shares of the company’s stock, valued at approximately $75,000.

A number of other large investors have also made changes to their positions in the stock. Barclays PLC boosted its stake in BrightSpire Capital by 329.1% in the 3rd quarter. Barclays PLC now owns 198,351 shares of the company’s stock worth $1,110,000 after buying an additional 152,131 shares during the last quarter. Geode Capital Management LLC grew its holdings in BrightSpire Capital by 0.5% in the third quarter. Geode Capital Management LLC now owns 3,082,637 shares of the company’s stock valued at $17,267,000 after purchasing an additional 14,606 shares during the period. Y Intercept Hong Kong Ltd increased its position in BrightSpire Capital by 27.2% during the third quarter. Y Intercept Hong Kong Ltd now owns 170,967 shares of the company’s stock worth $957,000 after purchasing an additional 36,579 shares during the last quarter. Jane Street Group LLC boosted its holdings in shares of BrightSpire Capital by 19.7% in the 3rd quarter. Jane Street Group LLC now owns 193,470 shares of the company’s stock valued at $1,083,000 after purchasing an additional 31,865 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC boosted its holdings in shares of BrightSpire Capital by 7.3% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 1,028,517 shares of the company’s stock valued at $5,760,000 after purchasing an additional 70,030 shares during the last quarter. Institutional investors and hedge funds own 56.57% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, JMP Securities reiterated a “market outperform” rating and issued a $7.50 target price 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 one has given a buy rating to the company’s stock. According to data from MarketBeat.com, BrightSpire Capital presently has a consensus rating of “Hold” and a consensus target price of $7.00.

BrightSpire Capital Stock Up 0.2 %

Shares of BrightSpire Capital stock opened at $6.35 on Friday. The company has a fifty day moving average price of $5.94 and a 200 day moving average price of $5.89. The stock has a market cap of $823.50 million, a price-to-earnings ratio of -6.23 and a beta of 1.87. BrightSpire Capital, Inc. has a twelve month low of $5.07 and a twelve month high of $8.01. The company has a current ratio of 0.73, a quick 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.