BrightSpire Capital (NYSE:BRSP) Announces Earnings Results

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

BrightSpire Capital Stock Performance

BRSP traded down $0.27 during trading on Wednesday, hitting $5.71. 125,157 shares of the stock were exchanged, compared to its average volume of 750,849. The firm has a market capitalization of $739.82 million, a P/E ratio of -5.58 and a beta of 1.88. BrightSpire Capital has a 1-year low of $5.07 and a 1-year high of $7.04. The stock has a fifty day moving average price of $5.81 and a two-hundred day moving average price 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.

BrightSpire Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 11.22%. The ex-dividend date of this dividend was Tuesday, December 31st. BrightSpire Capital’s dividend payout ratio (DPR) is presently -62.75%.

Analyst Ratings Changes

Several analysts have issued reports on BRSP shares. Alliance Global Partners started coverage on BrightSpire Capital in a report on Friday, January 17th. They issued a “buy” rating and a $7.25 target price for the company. B. Riley lowered their price target on BrightSpire Capital from $10.00 to $9.00 and set a “buy” rating for the company in a report on Tuesday, January 7th. One investment 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 data from MarketBeat, BrightSpire Capital has a consensus rating of “Hold” and a consensus target price of $7.45.

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.