Conversant Capital LLC Has $15.80 Million Stock Position in BrightSpire Capital, Inc. (NYSE:BRSP)

Conversant Capital LLC grew its position in shares of BrightSpire Capital, Inc. (NYSE:BRSP - Free Report) by 3.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,801,223 shares of the company's stock after buying an additional 100,000 shares during the period. BrightSpire Capital makes up 2.2% of Conversant Capital LLC's holdings, making the stock its 9th biggest position. Conversant Capital LLC owned 2.16% of BrightSpire Capital worth $15,799,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Brevan Howard Capital Management LP bought a new position in BrightSpire Capital during the 4th quarter worth $57,000. Winthrop Advisory Group LLC bought a new position in shares of BrightSpire Capital in the fourth quarter worth $61,000. Dark Forest Capital Management LP acquired a new position in BrightSpire Capital in the fourth quarter valued at about $64,000. Fermata Advisors LLC bought a new stake in BrightSpire Capital during the fourth quarter worth about $65,000. Finally, Cibc World Markets Corp acquired a new stake in BrightSpire Capital during the fourth quarter worth about $68,000. Institutional investors and hedge funds own 56.57% of the company's stock.

Analyst Ratings Changes

BRSP has been the subject of a number of recent analyst reports. B. Riley cut their price target on shares of BrightSpire Capital from $10.00 to $9.00 and set a "buy" rating for the company in a report on Tuesday, January 7th. Alliance Global Partners restated a "buy" rating on shares of BrightSpire Capital in a research note on Wednesday, April 30th. JMP Securities decreased their price target on BrightSpire Capital from $7.50 to $6.50 and set a "market outperform" rating on the stock in a research note on Tuesday, April 22nd. Jones Trading restated a "buy" rating and set a $6.50 price objective on shares of BrightSpire Capital in a research report on Wednesday, April 30th. Finally, Industrial Alliance Securities set a $6.50 price objective on BrightSpire Capital in a research note on Wednesday, April 30th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $7.15.

BrightSpire Capital Stock Down 3.2 %

Shares of NYSE:BRSP opened at $5.11 on Wednesday. BrightSpire Capital, Inc. has a 52-week low of $4.16 and a 52-week high of $6.71. The company has a market capitalization of $666.66 million, a PE ratio of -4.87 and a beta of 1.53. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.73 and a current ratio of 0.70. The company has a fifty day moving average of $5.31 and a 200-day moving average of $5.71.

BrightSpire Capital (NYSE:BRSP - Get Free Report) last issued its earnings results on Tuesday, February 18th. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.19 by ($0.03). BrightSpire Capital had a positive return on equity of 8.82% and a negative net margin of 79.23%. The firm had revenue of $17.46 million during the quarter, compared to analyst estimates of $65.81 million. During the same period in the previous year, the company earned $0.28 EPS. On average, equities analysts predict that BrightSpire Capital, Inc. will post 0.67 EPS for the current fiscal year.

BrightSpire Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a dividend of $0.16 per share. The ex-dividend date was Monday, March 31st. This represents a $0.64 annualized dividend and a yield of 12.52%. BrightSpire Capital's dividend payout ratio is presently -114.29%.

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.

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