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

BrightSpire Capital, Inc. (NYSE:BRSP - Get Free Report) declared a quarterly dividend on Monday, December 16th,RTT News reports. Investors of record on Tuesday, December 31st will be paid a dividend of 0.16 per share on Wednesday, January 15th. This represents a $0.64 dividend on an annualized basis and a yield of 10.16%.

BrightSpire Capital has raised its dividend payment by an average of 53.3% per year over the last three years. BrightSpire Capital has a payout ratio of 83.1% indicating that its dividend is currently covered by earnings, but may not be in the future if the company's earnings fall. Equities analysts expect BrightSpire Capital to earn $0.69 per share next year, which means the company should continue to be able to cover its $0.64 annual dividend with an expected future payout ratio of 92.8%.

BrightSpire Capital Stock Performance

Shares of BrightSpire Capital stock traded down $0.04 during trading on Monday, hitting $6.30. 428,079 shares of the stock were exchanged, compared to its average volume of 740,728. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.73 and a current ratio of 0.73. BrightSpire Capital has a 12 month low of $5.07 and a 12 month high of $8.01. The stock's fifty day moving average is $5.96 and its 200 day moving average is $5.90. The stock has a market cap of $817.02 million, a PE ratio of -6.18 and a beta of 1.87.

Analyst Ratings Changes

Separately, JMP Securities restated a "market outperform" rating and issued a $7.50 price target on shares of BrightSpire Capital in a research note on Thursday, September 19th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $7.00.

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.

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