BrightSpire Capital (BRSP) Projected to Post Earnings on Tuesday

BrightSpire Capital (NYSE:BRSP - Get Free Report) will likely be posting its quarterly earnings results after the market closes on Tuesday, February 18th. Analysts expect BrightSpire Capital to post earnings of $0.19 per share and revenue of $65.81 million for the quarter. Individual that are interested in registering for the company's earnings conference call can do so using this link.

BrightSpire Capital Trading Up 0.6 %

Shares of BRSP traded up $0.04 during trading hours on Friday, reaching $5.97. 542,140 shares of the company traded hands, compared to its average volume of 761,141. The company's fifty day moving average price is $5.82 and its two-hundred day moving average price is $5.81. The company has a market capitalization of $773.54 million, a price-to-earnings ratio of -5.85 and a beta of 1.88. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 1.78. BrightSpire Capital has a 12 month low of $5.07 and a 12 month high of $7.04.

BrightSpire Capital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 10.73%. The ex-dividend date of this dividend was Tuesday, December 31st. BrightSpire Capital's payout ratio is -62.75%.

Analysts Set New Price Targets

Several research firms recently commented on BRSP. B. Riley dropped their price objective on shares of BrightSpire Capital from $10.00 to $9.00 and set a "buy" rating on the stock in a research note on Tuesday, January 7th. Alliance Global Partners began coverage on shares of BrightSpire Capital in a research note on Friday, January 17th. They set a "buy" rating and a $7.25 price objective on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, BrightSpire Capital has an average rating of "Hold" and an average price target of $7.45.

BrightSpire Capital Company 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.