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

BrightSpire Capital, Inc. (NYSE:BRSP) announced a quarterly dividend on Monday, June 15th. Stockholders of record on Tuesday, June 30th will be given 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 is Tuesday, June 30th.

BrightSpire Capital has increased its dividend by an average of 0.2%annually 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 decline. Research 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 Stock Performance

Shares of BrightSpire Capital stock traded down $0.02 during trading hours on Monday, reaching $5.61. The company’s stock had a trading volume of 1,329,505 shares, compared to its average volume of 872,642. The company has a debt-to-equity ratio of 2.40, a quick ratio of 0.51 and a current ratio of 0.51. BrightSpire Capital has a one year low of $4.84 and a one year high of $6.16. The company’s 50 day simple moving average is $5.77 and its 200 day simple moving average is $5.78. The stock has a market cap of $730.22 million, a P/E ratio of -20.76 and a beta of 1.28.

BrightSpire Capital (NYSE:BRSP) last issued its earnings results on Tuesday, April 28th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $51.75 million during the quarter, compared to analyst estimates of $63.12 million. As a group, analysts expect that BrightSpire Capital will post 0.51 EPS for the current fiscal year.

About BrightSpire Capital

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.