BrightSpire Capital (BRSP) to Release Quarterly Earnings on Tuesday

BrightSpire Capital (NYSE:BRSP) will be releasing its earnings data after the market closes on Tuesday, October 29th. Analysts expect BrightSpire Capital to post earnings of $0.18 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

BrightSpire Capital Trading Down 1.5 %

NYSE:BRSP opened at $5.29 on Monday. The firm has a 50 day moving average of $5.67 and a 200 day moving average of $5.90. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 1.69. BrightSpire Capital has a 52 week low of $5.07 and a 52 week high of $8.01. The stock has a market capitalization of $691.06 million, a price-to-earnings ratio of -9.62 and a beta of 1.89.

BrightSpire Capital Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a dividend of $0.16 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.64 annualized dividend and a yield of 12.10%. BrightSpire Capital’s dividend payout ratio (DPR) is -116.36%.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. BTIG Research reissued a “neutral” rating on shares of BrightSpire Capital in a research report on Friday, July 19th. JMP Securities reissued a “market outperform” rating and set a $7.50 price objective on shares of BrightSpire Capital in a report on Thursday, September 19th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $7.00.

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.