BrightSpire Capital (BRSP) to Release Quarterly Earnings on Tuesday

BrightSpire Capital (NYSE:BRSP) is projected to post 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. Parties interested in listening to the company’s conference call can do so using this link.

BrightSpire Capital Price Performance

BRSP stock opened at $5.70 on Tuesday. The stock has a market capitalization of $738.53 million, a PE ratio of -5.58 and a beta of 1.88. The company’s 50-day moving average is $5.86 and its 200-day moving average is $5.81. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.73 and a quick ratio of 0.73. BrightSpire Capital has a 1 year low of $5.07 and a 1 year high of $7.04.

BrightSpire Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 11.24%. The ex-dividend date of this dividend was Tuesday, December 31st. BrightSpire Capital’s payout ratio is -62.75%.

Analyst Ratings Changes

A number of analysts have commented on the stock. 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 target for the company. B. Riley decreased their target price on shares of BrightSpire Capital from $10.00 to $9.00 and set a “buy” rating for the company in a research report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus 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.