BrightSpire Capital (BRSP) Set to Announce Quarterly Earnings on Tuesday

BrightSpire Capital (NYSE:BRSP - Get Free Report) will issue its quarterly earnings data after the market closes on Tuesday, October 29th. Analysts expect the company to announce earnings of $0.18 per share for the quarter. Parties that wish to register for the company's conference call can do so using this link.

BrightSpire Capital Stock Down 2.8 %

Shares of BRSP stock opened at $5.32 on Tuesday. The company has a market capitalization of $694.33 million, a price-to-earnings ratio of -9.66 and a beta of 1.89. BrightSpire Capital has a 12-month low of $5.07 and a 12-month high of $8.01. The firm has a fifty day moving average of $5.69 and a 200-day moving average of $5.93. 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 Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 12.04%. The ex-dividend date of this dividend was Monday, September 30th. BrightSpire Capital's dividend payout ratio (DPR) is presently -116.36%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. BTIG Research reaffirmed a "neutral" rating on shares of BrightSpire Capital in a research report on Friday, July 19th. JMP Securities reaffirmed a "market outperform" rating and set a $7.50 price target on shares of BrightSpire Capital in a research report on Thursday, September 19th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $7.00.

Check Out Our Latest Analysis on BRSP

BrightSpire Capital Company Profile

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.

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