BrightSpire Capital, Inc. (NYSE:BRSP) to Issue $0.16 Quarterly Dividend

BrightSpire Capital, Inc. (NYSE:BRSP) declared a quarterly dividend on Monday, September 14th. Stockholders of record on Wednesday, September 30th will be paid a dividend of 0.16 per share on Wednesday, October 14th. This represents a c) annualized dividend and a dividend yield of 14.5%. The ex-dividend date is Wednesday, September 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 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 research analysts expect BrightSpire Capital to earn $0.55 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 116.4%.

BrightSpire Capital Stock Down 0.5%

NYSE:BRSP opened at $4.43 on Tuesday. The stock’s fifty day simple moving average is $4.99 and its 200-day simple moving average is $5.45. BrightSpire Capital has a 12-month low of $4.40 and a 12-month high of $6.16. The firm has a market capitalization of $560.00 million, a P/E ratio of -19.24, a P/E/G ratio of 3.17 and a beta of 1.27. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 2.75.

BrightSpire Capital (NYSE:BRSP) last posted its earnings results on Tuesday, July 28th. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.02). The business had revenue of $48.70 million for the quarter, compared to the consensus estimate of $64.31 million. BrightSpire Capital had a positive return on equity of 7.01% and a negative net margin of 20.43%. Equities research analysts expect that BrightSpire Capital will post 0.47 earnings per share for the current year.

About BrightSpire Capital

BrightSpire Capital, Inc is a real estate investment trust that focuses on commercial real estate credit and investments. The company primarily originates, acquires and manages loans and other investments secured by commercial properties, with an emphasis on providing financing to property owners, operators and developers.

BrightSpire’s investment activities may include senior mortgage loans, mezzanine loans, preferred equity and other forms of structured commercial real estate financing.