Nisa Investment Advisors LLC Trims Position in BrightSpire Capital, Inc. (NYSE:BRSP)

Nisa Investment Advisors LLC lowered its position in BrightSpire Capital, Inc. (NYSE:BRSP) by 29.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 31,829 shares of the company’s stock after selling 13,595 shares during the quarter. Nisa Investment Advisors LLC’s holdings in BrightSpire Capital were worth $185,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of BRSP. Private Management Group Inc. boosted its position in shares of BrightSpire Capital by 1.9% during the 3rd quarter. Private Management Group Inc. now owns 4,574,973 shares of the company’s stock worth $25,620,000 after purchasing an additional 85,787 shares during the period. Geode Capital Management LLC lifted its stake in BrightSpire Capital by 0.5% during the third quarter. Geode Capital Management LLC now owns 3,082,637 shares of the company’s stock worth $17,267,000 after purchasing an additional 14,606 shares in the last quarter. Hotchkis & Wiley Capital Management LLC boosted its position in shares of BrightSpire Capital by 7.3% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 1,028,517 shares of the company’s stock worth $5,760,000 after buying an additional 70,030 shares during the period. Private Advisor Group LLC grew its stake in shares of BrightSpire Capital by 14.5% in the third quarter. Private Advisor Group LLC now owns 557,638 shares of the company’s stock valued at $3,123,000 after buying an additional 70,752 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D raised its holdings in shares of BrightSpire Capital by 5.0% in the 3rd 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 buying an additional 16,201 shares during the period. 56.57% of the stock is owned by hedge funds and other institutional investors.

BrightSpire Capital Stock Performance

Shares of BrightSpire Capital stock opened at $5.65 on Friday. The business has a 50-day simple moving average of $5.95 and a 200-day simple moving average of $5.86. 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, Inc. has a one year low of $5.07 and a one year high of $7.49. The company has a market cap of $732.04 million, a PE ratio of -5.53 and a beta of 1.88.

BrightSpire Capital Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 11.34%. The ex-dividend date was Tuesday, December 31st. BrightSpire Capital’s dividend payout ratio (DPR) is presently -62.75%.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. B. Riley dropped their target price on BrightSpire Capital from $10.00 to $9.00 and set a “buy” rating for the company in a research report on Tuesday, January 7th. Alliance Global Partners started coverage on shares of BrightSpire Capital in a report on Friday, January 17th. They issued a “buy” rating and a $7.25 price objective for the company. One investment 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, BrightSpire Capital presently has an average rating of “Hold” and an average target price of $7.45.

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.