BrightSpire Capital (BRSP) Expected to Announce Earnings on Tuesday

BrightSpire Capital (NYSE:BRSP) is anticipated to announce its earnings results after the market closes on Tuesday, February 18th. Analysts expect the company to announce earnings of $0.19 per share and revenue of $65.81 million for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

BrightSpire Capital Price Performance

Shares of NYSE:BRSP opened at $5.97 on Friday. The firm has a market capitalization of $773.54 million, a PE ratio of -5.85 and a beta of 1.88. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 1.78. The company has a 50-day moving average price of $5.82 and a two-hundred day moving average price of $5.80. BrightSpire Capital has a twelve month low of $5.07 and a twelve month high of $7.04.

BrightSpire Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a $0.16 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.64 dividend on an annualized basis and a yield of 10.73%. BrightSpire Capital’s dividend payout ratio is -62.75%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on BRSP. Alliance Global Partners initiated coverage on BrightSpire Capital in a research note on Friday, January 17th. They set a “buy” rating and a $7.25 price objective on the stock. B. Riley lowered their price target on shares of BrightSpire Capital from $10.00 to $9.00 and set a “buy” rating on the stock in a report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $7.45.

About BrightSpire Capital

BrightSpire Capital, Inc operates as a commercial real estate (CRE) credit real estate investment trust in the United States and Europe. The company operates through Senior and Mezzanine Loans and Preferred Equity; Net Leased and Other Real Estate; and Corporate and Other segments. It focuses on originating, acquiring, financing, and managing a diversified portfolio of CRE debt investments consisting of first mortgage loans, senior loans, debt securities, mezzanine loans, and preferred equity investments, as well as net leased properties.