BrightSpire Capital (NYSE:BRSP – Get Free Report) announced its quarterly earnings results on Wednesday. The company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.02), Zacks reports. The firm had revenue of $27.43 million during the quarter, compared to analyst estimates of $28.64 million. BrightSpire Capital had a negative net margin of 7.34% and a positive return on equity of 9.42%. During the same period last year, the firm earned $0.26 EPS.
BrightSpire Capital Stock Down 1.6 %
Shares of BRSP traded down $0.10 during mid-day trading on Thursday, hitting $6.13. 276,483 shares of the company’s stock were exchanged, compared to its average volume of 717,707. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.55 and a quick ratio of 0.55. BrightSpire Capital has a 52 week low of $5.20 and a 52 week high of $8.01. The company has a market cap of $800.82 million, a PE ratio of -47.15 and a beta of 1.89. The company has a 50-day simple moving average of $6.62 and a 200 day simple moving average of $6.76.
BrightSpire Capital Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 13.05%. The ex-dividend date was Wednesday, March 27th. BrightSpire Capital’s payout ratio is -615.38%.
Analyst Upgrades and Downgrades
Get Our Latest Stock Analysis on BRSP
Insider Transactions at BrightSpire Capital
In related news, insider David A. Palame sold 50,000 shares of the firm’s stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $6.76, for a total value of $338,000.00. Following the completion of the transaction, the insider now owns 347,832 shares of the company’s stock, valued at $2,351,344.32. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.91% of the stock is currently owned by insiders.
About BrightSpire Capital
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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