BrightSpire Capital, Inc. (NYSE:BRSP) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC trimmed its position in BrightSpire Capital, Inc. (NYSE:BRSP) by 9.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 45,939 shares of the company’s stock after selling 4,776 shares during the quarter. Nisa Investment Advisors LLC’s holdings in BrightSpire Capital were worth $342,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Coppell Advisory Solutions Corp. acquired a new position in BrightSpire Capital in the 4th quarter valued at about $28,000. Lazard Asset Management LLC acquired a new position in BrightSpire Capital in the 4th quarter valued at about $29,000. Tower Research Capital LLC TRC boosted its holdings in BrightSpire Capital by 229.9% in the 3rd quarter. Tower Research Capital LLC TRC now owns 6,393 shares of the company’s stock valued at $40,000 after purchasing an additional 4,455 shares during the last quarter. Clear Street Markets LLC acquired a new position in BrightSpire Capital in the 4th quarter valued at about $41,000. Finally, Captrust Financial Advisors acquired a new position in BrightSpire Capital in the 2nd quarter valued at about $45,000. 56.57% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider David A. Palame sold 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $6.76, for a total transaction of $338,000.00. Following the sale, the insider now directly owns 347,832 shares of the company’s stock, valued at approximately $2,351,344.32. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.91% of the stock is owned by insiders.

BrightSpire Capital Price Performance

Shares of BRSP opened at $6.21 on Friday. BrightSpire Capital, Inc. has a fifty-two week low of $5.20 and a fifty-two week high of $8.01. The firm’s 50 day moving average price is $6.68 and its 200 day moving average price is $6.73. The company has a market cap of $811.27 million, a P/E ratio of -47.77 and a beta of 1.89. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 1.62.

BrightSpire Capital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 12.88%. The ex-dividend date of this dividend was Wednesday, March 27th. BrightSpire Capital’s payout ratio is currently -615.38%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on BRSP shares. Bank of America lowered shares of BrightSpire Capital from a “neutral” rating to an “underperform” rating and set a $6.50 price objective on the stock. in a report on Monday, March 4th. Barclays upped their price objective on shares of BrightSpire Capital from $6.00 to $8.00 and gave the stock an “equal weight” rating in a report on Monday, January 22nd.

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.