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

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

BrightSpire Capital Stock Performance

Shares of NYSE:BRSP traded down $0.13 during trading on Wednesday, hitting $5.84. 355,515 shares of the stock were exchanged, compared to its average volume of 758,551. BrightSpire Capital has a 1-year low of $5.07 and a 1-year high of $7.04. The company has a market capitalization of $757.20 million, a price-to-earnings ratio of -5.74 and a beta of 1.88. The company’s fifty day simple moving average is $5.81 and its 200-day simple moving average is $5.81. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.73 and a current ratio of 0.73.

BrightSpire Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 10.96%. The ex-dividend date of this dividend was Tuesday, December 31st. BrightSpire Capital’s payout ratio is presently -62.75%.

Analyst Ratings Changes

BRSP has been the topic of a number of analyst reports. Alliance Global Partners initiated coverage on BrightSpire Capital in a report on Friday, January 17th. They set a “buy” rating and a $7.25 price objective on the stock. B. Riley lowered their target price on 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 given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $7.45.

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.