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

BrightSpire Capital, Inc. (NYSE:BRSP) announced a quarterly dividend on Monday, September 14th. Stockholders of record on Wednesday, September 30th will be paid a dividend of 0.16 per share on Wednesday, October 14th. This represents a c) annualized dividend and a dividend yield of 14.5%. The ex-dividend date of this dividend is Wednesday, September 30th.

BrightSpire Capital has increased its dividend by an average of 0.2%annually over the last three years. BrightSpire Capital has a dividend 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 tumble. Research analysts expect BrightSpire Capital to earn $0.55 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 116.4%.

BrightSpire Capital Trading Down 0.5%

NYSE BRSP opened at $4.43 on Tuesday. The firm has a 50 day simple moving average of $4.99 and a 200-day simple moving average of $5.45. The company has a debt-to-equity ratio of 2.75, a quick ratio of 0.83 and a current ratio of 0.83. BrightSpire Capital has a one year low of $4.40 and a one year high of $6.16. The firm has a market cap of $560.00 million, a price-to-earnings ratio of -19.24, a PEG ratio of 3.17 and a beta of 1.27.

BrightSpire Capital (NYSE:BRSP) last announced its quarterly earnings data on Tuesday, July 28th. The company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.02). BrightSpire Capital had a negative net margin of 20.43% and a positive return on equity of 7.01%. The business had revenue of $48.70 million during the quarter, compared to analyst estimates of $64.31 million. Equities research analysts anticipate that BrightSpire Capital will post 0.47 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have commented on BRSP shares. Wall Street Zen upgraded shares of BrightSpire Capital from a “sell” rating to a “hold” rating in a research note on Tuesday, September 1st. JonesTrading reiterated a “buy” rating and issued a $6.50 price objective on shares of BrightSpire Capital in a research note on Wednesday, July 29th. Weiss Ratings lowered BrightSpire Capital from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, September 4th. Finally, B. Riley Financial lowered their target price on BrightSpire Capital from $7.00 to $6.50 and set a “buy” rating for the company in a research note on Thursday, July 30th. Four equities research analysts have rated the stock with a Buy rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, BrightSpire Capital presently has a consensus rating of “Hold” and an average price target of $6.50.

About BrightSpire Capital

BrightSpire Capital, Inc is a real estate investment trust that focuses on commercial real estate credit and investments. The company primarily originates, acquires and manages loans and other investments secured by commercial properties, with an emphasis on providing financing to property owners, operators and developers.

BrightSpire’s investment activities may include senior mortgage loans, mezzanine loans, preferred equity and other forms of structured commercial real estate financing.