BrightSpire Capital (NYSE:BRSP) Posts Quarterly Earnings Results, Misses Expectations By $0.03 EPS

BrightSpire Capital (NYSE:BRSP - Get Free Report) released its quarterly earnings results on Tuesday. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.03), Zacks reports. BrightSpire Capital had a negative net margin of 79.23% and a positive return on equity of 8.67%. The company had revenue of $17.46 million for the quarter, compared to the consensus estimate of $65.81 million. During the same period in the prior year, the firm posted $0.28 EPS.

BrightSpire Capital Trading Down 0.7 %

BRSP stock traded down $0.05 during midday trading on Friday, reaching $6.05. 871,764 shares of the company traded hands, compared to its average volume of 784,471. BrightSpire Capital has a 52-week low of $5.07 and a 52-week high of $7.04. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.73 and a current ratio of 0.73. The business has a 50 day moving average of $5.80 and a 200-day moving average of $5.81. The firm has a market capitalization of $783.92 million, a price-to-earnings ratio of -5.76 and a beta of 1.88.

BrightSpire Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.64 dividend on an annualized basis and a yield of 10.59%. BrightSpire Capital's dividend payout ratio (DPR) is presently -60.95%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on BRSP. B. Riley cut their price target on 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 assumed coverage on BrightSpire Capital in a report on Friday, January 17th. They set a "buy" rating and a $7.25 price target for the company. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, BrightSpire Capital currently has an average rating of "Hold" and a consensus 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.