BrightSpire Capital (BRSP) to Release Quarterly Earnings on Tuesday

BrightSpire Capital (NYSE:BRSP) is projected to issue its quarterly earnings data after the market closes on Tuesday, February 18th. Analysts expect the company to announce earnings of $0.19 per share and revenue of $65.81 million for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

BrightSpire Capital Stock Performance

NYSE:BRSP opened at $5.70 on Tuesday. The company has a market capitalization of $738.53 million, a P/E ratio of -5.58 and a beta of 1.88. The business has a fifty day simple moving average of $5.86 and a two-hundred day simple moving average of $5.81. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.73 and a quick ratio of 0.73. BrightSpire Capital has a 1 year low of $5.07 and a 1 year high of $7.04.

BrightSpire Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 11.24%. The ex-dividend date of this dividend was Tuesday, December 31st. BrightSpire Capital’s dividend payout ratio (DPR) is currently -62.75%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on BRSP shares. B. Riley dropped their price objective on shares of BrightSpire Capital from $10.00 to $9.00 and set a “buy” rating on the stock in a report on Tuesday, January 7th. Alliance Global Partners assumed coverage on shares of BrightSpire Capital in a research note on Friday, January 17th. They set a “buy” rating and a $7.25 price target on the stock. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price 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.