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

BrightSpire Capital, Inc. (NYSE:BRSP) announced a quarterly dividend on Monday, December 15th. Investors of record on Wednesday, December 31st will be paid a dividend of 0.16 per share on Thursday, January 15th. This represents a c) annualized dividend and a yield of 10.7%. The ex-dividend date of this dividend is Wednesday, December 31st.

BrightSpire Capital has decreased its dividend by an average of 0.2%annually over the last three years. BrightSpire Capital has a payout ratio of 90.1% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble.

BrightSpire Capital Stock Up 0.3%

NYSE BRSP traded up $0.02 on Tuesday, hitting $5.97. 44,585 shares of the stock were exchanged, compared to its average volume of 706,629. BrightSpire Capital has a fifty-two week low of $4.16 and a fifty-two week high of $6.33. The company has a 50-day moving average price of $5.45 and a 200-day moving average price of $5.40. The company has a market cap of $773.86 million, a PE ratio of -19.88 and a beta of 1.38. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 1.81.

BrightSpire Capital (NYSE:BRSP) last announced its earnings results on Wednesday, February 24th. The company reported $0.20 earnings per share (EPS) for the quarter. BrightSpire Capital had a negative net margin of 26.91% and a positive return on equity of 7.51%. The business had revenue of $37.88 million for the quarter. Sell-side analysts anticipate that BrightSpire Capital will post 0.67 EPS for the current fiscal year.

Institutional Investors Weigh In On BrightSpire Capital

A number of hedge funds and other institutional investors have recently modified their holdings of BRSP. National Bank of Canada FI lifted its stake in shares of BrightSpire Capital by 50.0% during the third quarter. National Bank of Canada FI now owns 7,500 shares of the company’s stock valued at $41,000 after buying an additional 2,500 shares during the period. M&T Bank Corp increased its stake in BrightSpire Capital by 22.5% in the second quarter. M&T Bank Corp now owns 13,641 shares of the company’s stock valued at $69,000 after purchasing an additional 2,501 shares during the last quarter. Eight 31 Financial LLC lifted its position in BrightSpire Capital by 22.6% during the third quarter. Eight 31 Financial LLC now owns 15,200 shares of the company’s stock worth $83,000 after buying an additional 2,800 shares during the period. Cetera Investment Advisers lifted its holdings in shares of BrightSpire Capital by 4.5% during the 1st quarter. Cetera Investment Advisers now owns 74,753 shares of the company’s stock worth $416,000 after acquiring an additional 3,224 shares during the period. Finally, EverSource Wealth Advisors LLC increased its position in BrightSpire Capital by 32.4% during the third quarter. EverSource Wealth Advisors LLC now owns 15,167 shares of the company’s stock worth $82,000 after purchasing an additional 3,712 shares during the last quarter. 56.57% of the stock is currently owned by hedge funds and other institutional investors.

About BrightSpire Capital

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.