BrightSpire Capital, Inc. (NYSE:BRSP) Announces Quarterly Dividend of $0.16

BrightSpire Capital, Inc. (NYSE:BRSP - Get Free Report) announced a quarterly dividend on Monday, March 17th, RTT News reports. Stockholders of record on Monday, March 31st will be paid a dividend of 0.16 per share on Tuesday, April 15th. This represents a $0.64 annualized dividend and a dividend yield of 10.89%. The ex-dividend date of this dividend is Monday, March 31st.

BrightSpire Capital has increased its dividend by an average of 15.5% annually over the last three years. BrightSpire Capital has a dividend payout ratio of 77.1% meaning its dividend is currently covered by earnings, but may not be in the future if the company's earnings tumble.

BrightSpire Capital Stock Down 0.9 %

Shares of NYSE BRSP traded down $0.06 during midday trading on Friday, hitting $5.88. 549,347 shares of the company's stock were exchanged, compared to its average volume of 719,153. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.70 and a quick ratio of 0.73. BrightSpire Capital has a twelve month low of $5.07 and a twelve month high of $7.04. The company has a market cap of $761.90 million, a PE ratio of -5.60 and a beta of 1.98. The firm's fifty day simple moving average is $5.86 and its 200-day simple moving average is $5.88.

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

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Analyst Upgrades and Downgrades

Several research firms have commented on BRSP. Alliance Global Partners began coverage on BrightSpire Capital in a research report on Friday, January 17th. They set a "buy" rating and a $7.25 price target on the stock. B. Riley dropped their target price on BrightSpire Capital from $10.00 to $9.00 and set a "buy" rating on the stock in a report on Tuesday, January 7th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $7.69.

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.