BrightSpire Capital (NYSE:BRSP) Releases Quarterly Earnings Results, Misses Estimates By $0.03 EPS

BrightSpire Capital (NYSE:BRSP) released its quarterly earnings results on Tuesday. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.03), Zacks reports. BrightSpire Capital had a positive return on equity of 9.44% and a negative net margin of 69.35%. The business had revenue of $17.46 million during the quarter, compared to the consensus estimate of $65.81 million. During the same period in the previous year, the company posted $0.28 EPS.

BrightSpire Capital Stock Down 2.2 %

Shares of BRSP traded down $0.13 during midday trading on Wednesday, reaching $5.84. 355,515 shares of the stock were exchanged, compared to its average volume of 758,551. BrightSpire Capital has a 12-month low of $5.07 and a 12-month high of $7.04. The firm has a 50 day simple moving average of $5.81 and a 200-day simple moving average of $5.81. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 1.78. The company has a market cap of $757.20 million, a price-to-earnings ratio of -5.74 and a beta of 1.88.

BrightSpire Capital Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 10.96%. The ex-dividend date was Tuesday, December 31st. BrightSpire Capital’s dividend payout ratio (DPR) is presently -62.75%.

Analyst Ratings Changes

Several brokerages recently weighed in on BRSP. Alliance Global Partners began coverage on BrightSpire Capital in a research note on Friday, January 17th. They set a “buy” rating and a $7.25 target price for the company. B. Riley decreased their target price on BrightSpire Capital from $10.00 to $9.00 and set a “buy” rating for the company in a research note on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, BrightSpire Capital presently has a consensus rating of “Hold” and an average price target of $7.45.

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.