BrightSpire Capital, Inc. (BRSP) To Go Ex-Dividend on December 31st

BrightSpire Capital, Inc. (NYSE:BRSP) announced a quarterly dividend on Monday, December 15th. Investors of record on Wednesday, December 31st will be paid a dividend of 0.16 per share on Thursday, January 15th. This represents a c) dividend on an annualized basis and a yield of 10.9%. The ex-dividend date is Wednesday, December 31st.

BrightSpire Capital has decreased 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 decline.

BrightSpire Capital Price Performance

Shares of BRSP opened at $5.87 on Monday. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 1.81. The stock has a market cap of $760.87 million, a PE ratio of -19.55 and a beta of 1.38. BrightSpire Capital has a 12-month low of $4.16 and a 12-month high of $6.32. The business has a 50-day simple moving average of $5.57 and a two-hundred day simple moving average of $5.45.

BrightSpire Capital (NYSE:BRSP) last released its quarterly earnings results on Wednesday, February 24th. The company reported $0.20 earnings per share for the quarter. BrightSpire Capital had a positive return on equity of 7.51% and a negative net margin of 26.91%.The company had revenue of $37.88 million for the quarter. Analysts anticipate that BrightSpire Capital will post 0.67 earnings per share for the current fiscal 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.