BrightSpire Capital (NYSE:BRSP) Releases Earnings Results, Beats Estimates By $0.01 EPS

BrightSpire Capital (NYSE:BRSP) released its quarterly earnings results on Tuesday. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.13 by $0.01, FiscalAI reports. BrightSpire Capital had a negative net margin of 20.43% and a positive return on equity of 7.01%. The business had revenue of $109.77 million for the quarter, compared to analysts’ expectations of $83.56 million.

BrightSpire Capital Stock Down 1.7%

NYSE:BRSP opened at $3.65 on Thursday. BrightSpire Capital has a 12-month low of $3.56 and a 12-month high of $6.16. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 2.75. The firm has a market capitalization of $462.45 million, a P/E ratio of -15.89, a P/E/G ratio of 2.75 and a beta of 1.31. The stock’s fifty day simple moving average is $4.18 and its 200-day simple moving average is $5.27.

BrightSpire Capital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 30th were given a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 17.5%. The ex-dividend date was Wednesday, September 30th. BrightSpire Capital’s dividend payout ratio (DPR) is currently -278.26%.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. The Goldman Sachs Group raised BrightSpire Capital to a “buy” rating in a report on Wednesday, October 7th. JonesTrading decreased their price target on BrightSpire Capital from $6.50 to $6.25 and set a “buy” rating on the stock in a report on Wednesday. Wall Street Zen lowered BrightSpire Capital from a “hold” rating to a “sell” rating in a research report on Saturday, October 24th. Citizens Jmp dropped their price objective on BrightSpire Capital from $7.00 to $6.00 and set a “market outperform” rating for the company in a report on Wednesday, October 7th. Finally, Barclays cut their target price on shares of BrightSpire Capital from $6.00 to $4.00 and set an “underweight” rating on the stock in a research report on Monday, October 5th. Six analysts have rated the stock with a Buy rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $5.95.

BrightSpire Capital Company Profile

BrightSpire Capital, Inc is a commercial real estate finance company organized as a real estate investment trust (REIT). The company focuses on originating, acquiring, financing and managing a portfolio of commercial real estate debt and related investments.

BrightSpire’s investments primarily include senior mortgage loans, mezzanine loans, preferred equity and other real estate-related credit investments. Its portfolio may be secured by properties across several commercial real estate sectors, including office, multifamily, industrial, hospitality, retail and other specialized property types.

The company serves commercial real estate owners, operators and developers primarily in the United States.