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

BrightSpire Capital, Inc. (NYSE:BRSP) declared a quarterly dividend on Monday, March 16th. Investors of record on Tuesday, March 31st will be paid a dividend of 0.16 per share on Wednesday, April 15th. This represents a c) dividend on an annualized basis and a yield of 11.4%. The ex-dividend date of this dividend is Tuesday, March 31st.

BrightSpire Capital has raised its dividend by an average of 0.2%per year over the last three years. BrightSpire Capital has a payout ratio of 90.1% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble.

BrightSpire Capital Price Performance

BRSP stock opened at $5.60 on Tuesday. The firm has a market cap of $719.68 million, a price-to-earnings ratio of -21.52, a PEG ratio of 2.06 and a beta of 1.39. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 2.21. BrightSpire Capital has a 12-month low of $4.16 and a 12-month high of $6.16. The company’s fifty day simple moving average is $5.84 and its 200 day simple moving average is $5.67.

BrightSpire Capital Company Profile

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.