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

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

Other hedge funds and other institutional investors have also bought and sold shares of the company. Avior Wealth Management LLC increased its stake in BrightSpire Capital by 363.1% during the 3rd quarter. Avior Wealth Management LLC now owns 9,266 shares of the company’s stock valued at $52,000 after purchasing an additional 7,265 shares in the last quarter. ORG Partners LLC bought a new stake in BrightSpire Capital during the 3rd quarter valued at $53,000. EverSource Wealth Advisors LLC increased its stake in BrightSpire Capital by 5,602.8% during the 2nd 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 bought a new stake in shares of BrightSpire Capital in the 3rd quarter worth $58,000. Finally, Founders Financial Securities LLC bought a new stake in shares of BrightSpire Capital in the 2nd quarter worth $62,000. Institutional investors own 56.57% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, JMP Securities reiterated a “market outperform” rating and issued a $7.50 target price on shares of BrightSpire Capital in a research note 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 stock. According to data from MarketBeat, BrightSpire Capital currently has an average rating of “Hold” and an average target price of $7.00.

BrightSpire Capital Stock Performance

NYSE BRSP opened at $6.38 on Tuesday. BrightSpire Capital, Inc. has a 1 year low of $5.07 and a 1 year high of $8.01. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.73 and a quick ratio of 0.73. The firm has a market cap of $827.39 million, a price-to-earnings ratio of -6.21 and a beta of 1.87. The company has a fifty day moving average price of $5.81 and a 200-day moving average price of $5.88.

BrightSpire Capital 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.