BrightSpire Capital (BRSP) to Release Quarterly Earnings on Wednesday

BrightSpire Capital (NYSE:BRSP) is scheduled to issue its quarterly earnings data before the market opens on Wednesday, May 1st. Analysts expect the company to announce earnings of $0.23 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

BrightSpire Capital Stock Performance

Shares of BRSP opened at $6.50 on Wednesday. BrightSpire Capital has a 52 week low of $5.20 and a 52 week high of $8.01. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.55 and a current ratio of 0.55. The firm has a market capitalization of $849.16 million, a P/E ratio of -50.00 and a beta of 1.89. The stock has a 50 day moving average price of $6.67 and a two-hundred day moving average price of $6.76.

BrightSpire Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were paid a $0.20 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.80 annualized dividend and a yield of 12.31%. BrightSpire Capital’s dividend payout ratio (DPR) is -615.38%.

Analysts Set New Price Targets

Several brokerages have weighed in on BRSP. Bank of America lowered BrightSpire Capital from a “neutral” rating to an “underperform” rating and set a $6.50 price objective for the company. in a report on Monday, March 4th. Barclays increased their target price on shares of BrightSpire Capital from $6.00 to $8.00 and gave the stock an “equal weight” rating in a research note on Monday, January 22nd.

Insider Transactions at BrightSpire Capital

In other news, insider David A. Palame sold 50,000 shares of BrightSpire Capital stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $6.76, for a total transaction of $338,000.00. Following the sale, the insider now owns 347,832 shares of the company’s stock, valued at approximately $2,351,344.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.06% of the stock is currently owned by company insiders.

BrightSpire Capital Company Profile

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.