Short Interest in BrightSpire Capital, Inc. (NYSE:BRSP) Declines By 13.6%

BrightSpire Capital, Inc. (NYSE:BRSP) was the recipient of a large decrease in short interest in November. As of November 15th, there was short interest totalling 1,710,000 shares, a decrease of 13.6% from the October 31st total of 1,980,000 shares. Currently, 1.4% of the company’s shares are short sold. Based on an average trading volume of 696,200 shares, the short-interest ratio is currently 2.5 days.

BrightSpire Capital Stock Up 0.6 %

BrightSpire Capital stock opened at $6.38 on Tuesday. The firm has a market capitalization of $827.39 million, a P/E ratio of -6.21 and a beta of 1.87. 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 has a twelve month low of $5.07 and a twelve month high of $8.01. The stock’s fifty day simple moving average is $5.81 and its 200-day simple moving average is $5.88.

Institutional Investors Weigh In On BrightSpire Capital

Several large investors have recently bought and sold shares of BRSP. Barclays PLC grew its position in shares of BrightSpire Capital by 329.1% during the third quarter. Barclays PLC now owns 198,351 shares of the company’s stock worth $1,110,000 after buying an additional 152,131 shares in the last quarter. Geode Capital Management LLC lifted its stake 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 worth $17,267,000 after acquiring an additional 14,606 shares during the last quarter. Y Intercept Hong Kong Ltd grew its holdings in BrightSpire Capital by 27.2% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 170,967 shares of the company’s stock worth $957,000 after acquiring an additional 36,579 shares in the last quarter. Jane Street Group LLC increased its position 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 raised 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 in the last quarter. Hedge funds and other institutional investors own 56.57% of the company’s stock.

Analysts Set New Price Targets

Separately, JMP Securities reaffirmed a “market outperform” rating and issued a $7.50 target price 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 one has issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target 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.