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

by · The Markets Daily

BrightSpire Capital, Inc. (NYSE:BRSP – Get Free Report) announced a quarterly dividend on Monday, December 15th. Shareholders of record on Wednesday, December 31st will be given a dividend of 0.16 per share on Thursday, January 15th. This represents a c) dividend on an annualized basis and a yield of 10.7%. The ex-dividend date is Wednesday, December 31st.

BrightSpire Capital has decreased its dividend payment by an average of 0.2%annually over the last three years. BrightSpire Capital has a dividend 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 fall.

BrightSpire Capital Price Performance

BRSP stock opened at $5.96 on Tuesday. The company has a market capitalization of $773.21 million, a P/E ratio of -19.83 and a beta of 1.38. The company has a fifty day moving average price of $5.45 and a 200-day moving average price of $5.40. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.55 and a current ratio of 0.55. BrightSpire Capital has a 52-week low of $4.16 and a 52-week high of $6.36.

BrightSpire Capital (NYSE:BRSP – Get Free Report) last posted its quarterly earnings data on Wednesday, February 24th. The company reported $0.20 earnings per share for the quarter. The business had revenue of $37.88 million during the quarter. BrightSpire Capital had a positive return on equity of 7.51% and a negative net margin of 26.91%. As a group, equities analysts expect that BrightSpire Capital will post 0.67 EPS for the current year.

Hedge Funds Weigh In On BrightSpire Capital

A number of institutional investors and hedge funds have recently made changes to their positions in BRSP. National Bank of Canada FI increased its position in BrightSpire Capital by 50.0% in the 3rd quarter. National Bank of Canada FI now owns 7,500 shares of the company’s stock valued at $41,000 after buying an additional 2,500 shares in the last quarter. Xponance Inc. bought a new position in BrightSpire Capital in the third quarter worth approximately $55,000. Atria Wealth Solutions Inc. acquired a new stake in BrightSpire Capital in the second quarter valued at approximately $53,000. CIBC Private Wealth Group LLC increased its holdings in shares of BrightSpire Capital by 812.1% during the third quarter. CIBC Private Wealth Group LLC now owns 10,945 shares of the company’s stock valued at $59,000 after acquiring an additional 9,745 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its holdings in shares of BrightSpire Capital by 101.2% during the second quarter. Tower Research Capital LLC TRC now owns 11,930 shares of the company’s stock valued at $60,000 after acquiring an additional 6,001 shares in the last quarter. Institutional investors own 56.57% of the company’s stock.

About BrightSpire Capital

(Get Free Report)

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.

Further Reading