BrightSpire Capital (BRSP) Set to Announce Quarterly Earnings on Tuesday

BrightSpire Capital (NYSE:BRSP - Get Free Report) will issue its quarterly earnings data after the market closes on Tuesday, October 29th. Analysts expect the company to announce earnings of $0.18 per share for the quarter. Parties that wish to register for the company's conference call can do so using this link.Get BrightSpire Capital alerts:BrightSpire Capital Stock Down 2.8 %Shares of BRSP stock opened at $5.32 on Tuesday. The company has a market capitalization of $694.33 million, a price-to-earnings ratio of -9.66 and a beta of 1.89. BrightSpire Capital has a 12-month low of $5.07 and a 12-month high of $8.01. The firm has a fifty day moving average of $5.69 and a 200-day moving average of $5.93. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 1.69. BrightSpire Capital Cuts DividendThe company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 12.04%. The ex-dividend date of this dividend was Monday, September 30th. BrightSpire Capital's dividend payout ratio (DPR) is presently -116.36%. Analysts Set New Price TargetsSeveral research analysts have recently weighed in on the company. BTIG Research reaffirmed a "neutral" rating on shares of BrightSpire Capital in a research report on Friday, July 19th. JMP Securities reaffirmed a "market outperform" rating and set a $7.50 price target on shares of BrightSpire Capital in a research report on Thursday, September 19th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $7.00.Check Out Our Latest Analysis on BRSPBrightSpire Capital Company Profile (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.Recommended StoriesFive stocks we like better than BrightSpire CapitalHow to Use High Beta Stocks to Maximize Your Investing ProfitsAnalysts Predict New Highs for Cybersecurity Stock by ChristmasFollowing Congress Stock TradesNuclear Power Reaches Critical Mass: Top Stocks to Watch NowBuy P&G Now, Before It Sets A New All-Time High2 Energy Stocks Surging on Billion-Dollar DOE Loan CommitmentsThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.→ Musk warns humanity: “Obsolete” (From The Freeport Society) (Ad)Should you invest $1,000 in BrightSpire Capital right now?Before you consider BrightSpire Capital, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and BrightSpire Capital wasn't on the list.While BrightSpire Capital currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here