Nisa Investment Advisors LLC Has $162,000 Position in BrightSpire Capital, Inc. (NYSE:BRSP)

Nisa Investment Advisors LLC reduced its holdings in shares of BrightSpire Capital, Inc. (NYSE:BRSP) by 11.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 28,226 shares of the company’s stock after selling 3,603 shares during the period. Nisa Investment Advisors LLC’s holdings in BrightSpire Capital were worth $162,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in BRSP. Bank of America Corp DE raised its stake in shares of BrightSpire Capital by 56.0% during the fourth quarter. Bank of America Corp DE now owns 158,229 shares of the company’s stock worth $892,000 after buying an additional 56,787 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of BrightSpire Capital by 40.8% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 301,096 shares of the company’s stock worth $1,698,000 after buying an additional 87,242 shares during the last quarter. Millennium Management LLC raised its stake in shares of BrightSpire Capital by 281.1% during the fourth quarter. Millennium Management LLC now owns 131,743 shares of the company’s stock worth $743,000 after buying an additional 97,175 shares during the last quarter. Two Sigma Investments LP increased its stake in BrightSpire Capital by 13.6% in the fourth quarter. Two Sigma Investments LP now owns 536,444 shares of the company’s stock valued at $3,026,000 after purchasing an additional 64,384 shares in the last quarter. Finally, Northern Trust Corp increased its stake in BrightSpire Capital by 7.6% in the fourth quarter. Northern Trust Corp now owns 1,287,299 shares of the company’s stock valued at $7,260,000 after purchasing an additional 91,263 shares in the last quarter. 56.57% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on BRSP shares. Barclays reiterated an “underweight” rating and issued a $5.00 price target (down previously from $7.00) on shares of BrightSpire Capital in a report on Tuesday, July 8th. JMP Securities reduced their target price on shares of BrightSpire Capital from $7.50 to $6.50 and set a “market outperform” rating for the company in a report on Tuesday, April 22nd. Industrial Alliance Securities set a $6.50 price target on shares of BrightSpire Capital in a research note on Wednesday, April 30th. Alliance Global Partners reiterated a “buy” rating on shares of BrightSpire Capital in a research note on Wednesday, April 30th. Finally, Jones Trading reissued a “buy” rating and issued a $6.50 price objective on shares of BrightSpire Capital in a research report on Wednesday, April 30th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $6.79.

BrightSpire Capital Price Performance

BRSP opened at $4.99 on Friday. The stock has a fifty day simple moving average of $5.17 and a two-hundred day simple moving average of $5.40. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 1.67. The company has a market cap of $650.34 million, a price-to-earnings ratio of -8.90 and a beta of 1.47. BrightSpire Capital, Inc. has a 12-month low of $4.16 and a 12-month high of $6.68.

BrightSpire Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, July 14th. Investors of record on Monday, June 30th were paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 12.84%. The ex-dividend date was Monday, June 30th. BrightSpire Capital’s dividend payout ratio (DPR) is presently -114.29%.

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.