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

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

BrightSpire Capital Price Performance

NYSE:BRSP opened at $5.32 on Tuesday. The stock has a market capitalization of $694.33 million, a PE ratio of -9.66 and a beta of 1.89. BrightSpire Capital has a 1-year low of $5.07 and a 1-year high of $8.01. The firm has a fifty day simple moving average of $5.69 and a 200 day simple moving average of $5.93. 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 Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 12.04%. The ex-dividend date was Monday, September 30th. BrightSpire Capital’s dividend payout ratio is currently -116.36%.

Analyst Ratings Changes

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

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.