BrightSpire Capital, Inc. (NYSE:BRSP) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lessened its stake in BrightSpire Capital, Inc. (NYSE:BRSP) by 8.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,384,942 shares of the company’s stock after selling 133,228 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.07% of BrightSpire Capital worth $7,756,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Intech Investment Management LLC purchased a new position in shares of BrightSpire Capital in the 3rd quarter valued at about $163,000. 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 worth $52,000 after buying an additional 7,265 shares in the last quarter. Entropy Technologies LP acquired a new position in shares of BrightSpire Capital during the third quarter valued at approximately $133,000. State of New Jersey Common Pension Fund D raised its holdings in shares of BrightSpire Capital by 5.0% during the third quarter. State of New Jersey Common Pension Fund D now owns 339,653 shares of the company’s stock valued at $1,902,000 after acquiring an additional 16,201 shares during the last quarter. Finally, Atria Investments Inc raised its holdings in shares of BrightSpire Capital by 34.5% during the third quarter. Atria Investments Inc now owns 30,338 shares of the company’s stock valued at $170,000 after acquiring an additional 7,779 shares during the last quarter. Institutional investors and hedge funds own 56.57% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, JMP Securities reaffirmed a “market outperform” rating and issued a $7.50 price target on shares of BrightSpire Capital in a report on Thursday, September 19th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $7.00.

BrightSpire Capital Price Performance

NYSE:BRSP opened at $6.43 on Wednesday. BrightSpire Capital, Inc. has a one year low of $5.07 and a one year high of $8.01. The stock has a 50 day moving average price of $5.89 and a 200 day moving average price of $5.89. The stock has a market cap of $833.87 million, a PE ratio of -6.30 and a beta of 1.87. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.73 and a current ratio of 0.73.

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.