Conversant Capital LLC Boosts Stock Holdings in BrightSpire Capital, Inc. (NYSE:BRSP)

Conversant Capital LLC lifted its holdings in shares of BrightSpire Capital, Inc. (NYSE:BRSP - Free Report) by 3.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,801,223 shares of the company's stock after purchasing an additional 100,000 shares during the quarter. BrightSpire Capital comprises about 2.2% of Conversant Capital LLC's investment portfolio, making the stock its 9th biggest position. Conversant Capital LLC owned about 2.16% of BrightSpire Capital worth $15,799,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in BRSP. Brevan Howard Capital Management LP acquired a new stake in shares of BrightSpire Capital during the fourth quarter worth $57,000. Winthrop Advisory Group LLC acquired a new stake in shares of BrightSpire Capital during the fourth quarter worth $61,000. Dark Forest Capital Management LP acquired a new position in BrightSpire Capital in the fourth quarter valued at $64,000. Fermata Advisors LLC acquired a new position in BrightSpire Capital in the fourth quarter valued at $65,000. Finally, Cibc World Markets Corp acquired a new position in BrightSpire Capital in the fourth quarter valued at $68,000. Institutional investors and hedge funds own 56.57% of the company's stock.

BrightSpire Capital Stock Up 3.0%

NYSE:BRSP traded up $0.16 during mid-day trading on Monday, hitting $5.36. The company had a trading volume of 144,404 shares, compared to its average volume of 756,554. The business has a fifty day simple moving average of $5.25 and a 200-day simple moving average of $5.71. The company has a current ratio of 0.70, a quick ratio of 0.73 and a debt-to-equity ratio of 1.79. BrightSpire Capital, Inc. has a 1 year low of $4.16 and a 1 year high of $6.71. The firm has a market capitalization of $698.62 million, a price-to-earnings ratio of -5.10 and a beta of 1.53.

BrightSpire Capital (NYSE:BRSP - Get Free Report) last released its quarterly earnings data on Tuesday, February 18th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.03). BrightSpire Capital had a negative net margin of 79.23% and a positive return on equity of 8.82%. The company had revenue of $17.46 million during the quarter, compared to analysts' expectations of $65.81 million. During the same period last year, the business earned $0.28 earnings per share. Equities analysts forecast that BrightSpire Capital, Inc. will post 0.67 earnings per share for the current fiscal year.

BrightSpire Capital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a $0.16 dividend. The ex-dividend date was Monday, March 31st. This represents a $0.64 dividend on an annualized basis and a yield of 11.95%. BrightSpire Capital's payout ratio is currently -114.29%.

Analyst Ratings Changes

A number of brokerages recently weighed in on BRSP. Industrial Alliance Securities set a $6.50 target price on BrightSpire Capital in a report on Wednesday, April 30th. Jones Trading reiterated a "buy" rating and issued a $6.50 target price on shares of BrightSpire Capital in a report on Wednesday, April 30th. Alliance Global Partners reiterated a "buy" rating on shares of BrightSpire Capital in a report on Wednesday, April 30th. Finally, JMP Securities reduced their target price on BrightSpire Capital from $7.50 to $6.50 and set a "market outperform" rating on the stock in a report on Tuesday, April 22nd. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $7.15.

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.