BrightSpire Capital (NYSE:BRSP) Posts Earnings Results, Misses Estimates By $0.03 EPS

BrightSpire Capital (NYSE:BRSP) released its quarterly earnings results on Tuesday. The company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.03), Zacks reports. The firm had revenue of $17.46 million for the quarter, compared to analysts’ expectations of $65.81 million. BrightSpire Capital had a positive return on equity of 9.44% and a negative net margin of 69.35%. During the same period in the prior year, the firm posted $0.28 earnings per share.

BrightSpire Capital Price Performance

NYSE:BRSP traded down $0.15 during trading hours on Wednesday, reaching $5.82. 273,063 shares of the company were exchanged, compared to its average volume of 753,715. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 1.78. The stock’s 50-day moving average is $5.81 and its 200-day moving average is $5.81. The firm has a market cap of $754.48 million, a PE ratio of -5.66 and a beta of 1.88. BrightSpire Capital has a twelve month low of $5.07 and a twelve month high of $7.04.

BrightSpire Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 11.00%. The ex-dividend date of this dividend was Tuesday, December 31st. BrightSpire Capital’s dividend payout ratio is presently -62.75%.

Analyst Upgrades and Downgrades

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