BrightSpire Capital (BRSP) Set to Announce Earnings on Tuesday

BrightSpire Capital (NYSE:BRSP) is scheduled to post its quarterly earnings results after the market closes on Tuesday, October 29th. Analysts expect BrightSpire Capital to post earnings of $0.18 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

BrightSpire Capital Trading Down 1.5 %

Shares of BRSP opened at $5.29 on Friday. The company’s fifty day simple moving average is $5.67 and its 200-day simple moving average is $5.90. The company has a market cap of $691.06 million, a P/E ratio of -9.62 and a beta of 1.89. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 1.69. BrightSpire Capital has a twelve month low of $5.07 and a twelve month high of $8.01.

BrightSpire Capital Cuts Dividend

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

Analyst Ratings Changes

A number of research analysts have recently commented on BRSP shares. BTIG Research reaffirmed a “neutral” rating on shares of BrightSpire Capital in a research note on Friday, July 19th. JMP Securities reaffirmed a “market outperform” rating and issued a $7.50 price objective on shares of BrightSpire Capital in a research report on Thursday, September 19th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $7.00.

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.