BrightSpire Capital, Inc. (NYSE:BRSP – Get Free Report) declared a quarterly dividend on Monday, June 17th, NASDAQ reports. Shareholders of record on Friday, June 28th will be paid a dividend of 0.20 per share on Monday, July 15th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 13.63%. The ex-dividend date is Friday, June 28th.
BrightSpire Capital has increased its dividend payment by an average of 53.3% per year over the last three years. BrightSpire Capital has a payout ratio of 86.0% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities analysts expect BrightSpire Capital to earn $0.82 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 97.6%.
BrightSpire Capital Price Performance
Shares of BrightSpire Capital stock remained flat at $5.87 during mid-day trading on Thursday. The company’s stock had a trading volume of 11,510 shares, compared to its average volume of 701,007. BrightSpire Capital has a fifty-two week low of $5.20 and a fifty-two week high of $8.01. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.48 and a quick ratio of 0.48. The company has a fifty day moving average price of $6.08 and a 200-day moving average price of $6.68.
Wall Street Analyst Weigh In
Several equities research analysts recently commented on BRSP shares. Barclays cut their price target on BrightSpire Capital from $8.00 to $7.00 and set an “equal weight” rating for the company in a report on Thursday, May 2nd. Raymond James cut BrightSpire Capital from an “outperform” rating to a “market perform” rating in a report on Friday, May 3rd. Finally, Bank of America cut BrightSpire Capital from a “neutral” rating to an “underperform” rating and set a $6.50 price target for the company. in a report on Monday, March 4th.
Get Our Latest Stock Analysis on BrightSpire Capital
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.
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