BrightSpire Capital, Inc. (NYSE:BRSP) Announces Quarterly Dividend of $0.16

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

BrightSpire Capital has raised its dividend payment by an average of 0.2%per year over the last three years. BrightSpire Capital has a dividend 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. Equities 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 Trading Down 0.3%

NYSE:BRSP opened at $5.61 on Tuesday. The company has a fifty day moving average of $5.77 and a 200 day moving average of $5.78. BrightSpire Capital has a 52 week low of $4.84 and a 52 week high of $6.16. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 2.40. The firm has a market capitalization of $730.22 million, a P/E ratio of -20.76 and a beta of 1.28.

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