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

BrightSpire Capital, Inc. (NYSE:BRSP) declared a quarterly dividend on Monday, December 16th,RTT News reports. Investors of record on Tuesday, December 31st will be given a dividend of 0.16 per share on Wednesday, January 15th. This represents a $0.64 annualized dividend and a yield of 10.98%. The ex-dividend date is Tuesday, December 31st.

BrightSpire Capital has raised its dividend payment by an average of 53.3% annually over the last three years. BrightSpire Capital has a payout ratio of 83.1% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Analysts expect BrightSpire Capital to earn $0.69 per share next year, which means the company should continue to be able to cover its $0.64 annual dividend with an expected future payout ratio of 92.8%.

BrightSpire Capital Stock Down 2.0 %

Shares of NYSE:BRSP opened at $5.83 on Friday. The company has a 50 day moving average of $6.06 and a two-hundred day moving average of $5.90. BrightSpire Capital has a 52-week low of $5.07 and a 52-week high of $7.72. 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 market capitalization of $756.06 million, a price-to-earnings ratio of -5.72 and a beta of 1.87.

Analyst Ratings Changes

Separately, JMP Securities reaffirmed a “market outperform” rating and set a $7.50 price target on shares of BrightSpire Capital in a research note on Thursday, September 19th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $7.00.

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.