Broadmark Realty Capital (NYSE:BRMK – Get Rating) is set to post its quarterly earnings results after the market closes on Monday, August 8th. Analysts expect Broadmark Realty Capital to post earnings of $0.17 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.
Broadmark Realty Capital Trading Down 0.1 %
Shares of Broadmark Realty Capital stock opened at $7.45 on Friday. The company has a 50-day moving average of $6.99 and a two-hundred day moving average of $7.90. Broadmark Realty Capital has a 12-month low of $6.12 and a 12-month high of $10.72. The stock has a market cap of $989.25 million, a PE ratio of 12.21 and a beta of 0.86.
Broadmark Realty Capital Announces Dividend
The firm also recently disclosed a monthly dividend, which will be paid on Monday, August 15th. Stockholders of record on Friday, July 29th will be paid a dividend of $0.07 per share. The ex-dividend date of this dividend is Thursday, July 28th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 11.28%. Broadmark Realty Capital’s dividend payout ratio (DPR) is 137.70%.
Insider Buying and Selling at Broadmark Realty Capital
Institutional Trading of Broadmark Realty Capital
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Invesco Ltd. lifted its stake in Broadmark Realty Capital by 3.6% during the first quarter. Invesco Ltd. now owns 1,877,366 shares of the company’s stock valued at $16,239,000 after purchasing an additional 65,547 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Broadmark Realty Capital by 12.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,038,120 shares of the company’s stock valued at $8,980,000 after acquiring an additional 113,452 shares during the period. Lido Advisors LLC raised its holdings in shares of Broadmark Realty Capital by 276.3% during the first quarter. Lido Advisors LLC now owns 527,947 shares of the company’s stock valued at $4,566,000 after acquiring an additional 387,665 shares during the period. First Trust Advisors LP acquired a new stake in shares of Broadmark Realty Capital during the first quarter valued at approximately $4,435,000. Finally, Renaissance Technologies LLC raised its holdings in shares of Broadmark Realty Capital by 90.2% during the first quarter. Renaissance Technologies LLC now owns 222,200 shares of the company’s stock valued at $1,922,000 after acquiring an additional 105,400 shares during the period. 48.37% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several research firms have commented on BRMK. B. Riley lowered their target price on shares of Broadmark Realty Capital from $12.50 to $9.00 and set a “buy” rating for the company in a research note on Wednesday, June 15th. Piper Sandler started coverage on shares of Broadmark Realty Capital in a report on Friday, June 17th. They set a “neutral” rating and a $7.00 target price on the stock. Finally, TheStreet lowered shares of Broadmark Realty Capital from a “c-” rating to a “d” rating in a report on Friday, May 20th.
Broadmark Realty Capital Company Profile
Broadmark Realty Capital Inc operates as a commercial real estate finance company in the United States. It engages in underwriting, funding, servicing, and managing a portfolio of short-term trust loans to fund the construction and development, or investment in residential or commercial properties. The company has elected to be taxed as a real estate investment trust.
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