Broadmark Realty Capital (BRMK) Scheduled to Post Earnings on Monday

Broadmark Realty Capital (NYSE:BRMKGet Rating) will release its earnings data after the market closes on Monday, August 8th. Analysts expect Broadmark Realty Capital to post earnings of $0.17 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Broadmark Realty Capital Stock Down 0.1 %

BRMK opened at $7.45 on Friday. The stock has a market capitalization of $989.25 million, a price-to-earnings ratio of 12.21 and a beta of 0.86. Broadmark Realty Capital has a twelve month low of $6.12 and a twelve month high of $10.72. The company has a 50-day simple moving average of $6.99 and a 200 day simple moving average of $7.90.

Broadmark Realty Capital Announces Dividend

The company 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 $0.07 dividend. This represents a $0.84 annualized dividend and a dividend yield of 11.28%. The ex-dividend date of this dividend is Thursday, July 28th. Broadmark Realty Capital’s dividend payout ratio is currently 137.70%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on BRMK. B. Riley decreased 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 report on Wednesday, June 15th. Piper Sandler started coverage on Broadmark Realty Capital in a report on Friday, June 17th. They issued a “neutral” rating and a $7.00 target price on the stock. Finally, TheStreet lowered Broadmark Realty Capital from a “c-” rating to a “d” rating in a research report on Friday, May 20th.

Insider Buying and Selling

In other news, CEO Brian Phillip Ward acquired 31,925 shares of the firm’s stock in a transaction that occurred on Tuesday, June 14th. The stock was bought at an average price of $6.26 per share, with a total value of $199,850.50. Following the acquisition, the chief executive officer now owns 114,748 shares in the company, valued at approximately $718,322.48. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.90% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Hsbc Holdings PLC boosted its stake in Broadmark Realty Capital by 66.7% in the 1st quarter. Hsbc Holdings PLC now owns 32,245 shares of the company’s stock worth $280,000 after purchasing an additional 12,899 shares during the period. Penserra Capital Management LLC boosted its stake in Broadmark Realty Capital by 15.6% in the 1st quarter. Penserra Capital Management LLC now owns 36,430 shares of the company’s stock worth $314,000 after purchasing an additional 4,927 shares during the period. MetLife Investment Management LLC boosted its stake in Broadmark Realty Capital by 35.1% in the 1st quarter. MetLife Investment Management LLC now owns 59,882 shares of the company’s stock worth $518,000 after purchasing an additional 15,571 shares during the period. Mariner LLC boosted its stake in Broadmark Realty Capital by 27.6% in the 1st quarter. Mariner LLC now owns 72,789 shares of the company’s stock worth $630,000 after purchasing an additional 15,723 shares during the period. Finally, Raymond James & Associates boosted its position in shares of Broadmark Realty Capital by 220.6% during the 1st quarter. Raymond James & Associates now owns 83,546 shares of the company’s stock valued at $723,000 after acquiring an additional 57,489 shares during the last quarter. Institutional investors own 48.37% of the company’s stock.

About Broadmark Realty Capital

(Get Rating)

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.

See Also

Earnings History for Broadmark Realty Capital (NYSE:BRMK)

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