BrightSpire Capital, Inc. (BRSP) To Go Ex-Dividend on June 30th

BrightSpire Capital, Inc. (NYSE:BRSP) declared a quarterly dividend on Monday, June 15th. Investors of record on Tuesday, June 30th will be given a dividend of 0.16 per share on Wednesday, July 15th. This represents a c) annualized dividend and a yield of 11.6%. The ex-dividend date is Tuesday, June 30th.

BrightSpire Capital has raised its dividend by an average of 0.2%annually over the last three years. BrightSpire Capital has a payout ratio of 90.1% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Analysts expect BrightSpire Capital to earn $0.61 per share next year, which means the company may not be able to cover its $0.64 annual dividend with an expected future payout ratio of 104.9%.

BrightSpire Capital Stock Up 0.8%

NYSE BRSP opened at $5.53 on Friday. The stock has a market cap of $719.80 million, a PE ratio of -20.46 and a beta of 1.28. BrightSpire Capital has a fifty-two week low of $4.84 and a fifty-two week high of $6.16. The business has a 50 day moving average price of $5.73 and a two-hundred day moving average price of $5.77. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 2.40.

BrightSpire Capital (NYSE:BRSP) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). BrightSpire Capital had a negative net margin of 24.16% and a positive return on equity of 7.46%. The firm had revenue of $51.75 million for the quarter, compared to analysts’ expectations of $63.12 million. As a group, sell-side analysts predict that BrightSpire Capital will post 0.51 EPS for the current fiscal year.

About BrightSpire Capital

BrightSpire Capital Inc (NYSE: BRSP) is a real estate investment trust (REIT) specializing in commercial real estate debt. The company primarily originates, acquires and manages a diversified portfolio of mortgage loans, mezzanine loans and preferred equity investments secured by office, retail, industrial, multifamily and hospitality assets across the United States. By focusing on income-producing credit instruments, BrightSpire seeks to deliver attractive risk-adjusted returns to its shareholders through regular dividend distributions.

BrightSpire’s investment strategy spans the capital structure of commercial real estate, with an emphasis on senior mortgages that offer more stable cash flows and downside protection.