BrightSpire Capital, Inc. (NYSE:BRSP) to Issue $0.16 Quarterly Dividend

BrightSpire Capital, Inc. (NYSE:BRSP) announced a quarterly dividend on Monday, June 15th. Investors of record on Tuesday, June 30th will be paid a dividend of 0.16 per share on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a yield of 11.4%. The ex-dividend date of this dividend is Tuesday, June 30th.

BrightSpire Capital has increased its dividend payment by an average of 0.2%per year over the last three years. BrightSpire Capital has a 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 $0.61 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 104.9%.

BrightSpire Capital Stock Down 0.3%

NYSE:BRSP traded down $0.02 during trading hours on Monday, reaching $5.61. The company’s stock had a trading volume of 1,329,505 shares, compared to its average volume of 872,642. The company has a debt-to-equity ratio of 2.40, a current ratio of 0.51 and a quick ratio of 0.51. The company has a market cap of $730.22 million, a price-to-earnings ratio of -20.76 and a beta of 1.28. BrightSpire Capital has a one year low of $4.84 and a one year high of $6.16. The business’s 50-day moving average is $5.77 and its 200-day moving average is $5.78.

BrightSpire Capital (NYSE:BRSP) last posted its earnings results on Tuesday, April 28th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.01). BrightSpire Capital had a negative net margin of 24.16% and a positive return on equity of 7.46%. The company had revenue of $51.75 million for the quarter, compared to the consensus estimate of $63.12 million. Equities research analysts predict that BrightSpire Capital will post 0.51 EPS for the current year.

BrightSpire Capital Company Profile

BrightSpire Capital Inc (NYSE: BRSP) is a real estate investment trust (REIT) specializing in commercial real estate debt. The company primarily originates, acquires and manages a diversified portfolio of mortgage loans, mezzanine loans and preferred equity investments secured by office, retail, industrial, multifamily and hospitality assets across the United States. By focusing on income-producing credit instruments, BrightSpire seeks to deliver attractive risk-adjusted returns to its shareholders through regular dividend distributions.

BrightSpire’s investment strategy spans the capital structure of commercial real estate, with an emphasis on senior mortgages that offer more stable cash flows and downside protection.