Aviva PLC Boosts Stake in Broadmark Realty Capital Inc. (NYSE:BRMK)

Aviva PLC grew its stake in shares of Broadmark Realty Capital Inc. (NYSE:BRMK – Get Rating) by 1.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 256,627 shares of the company’s stock after buying an additional 3,341 shares during the period. Aviva PLC’s holdings in Broadmark Realty Capital were worth $914,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Auxano Advisors LLC purchased a new stake in shares of Broadmark Realty Capital during the 4th quarter valued at $36,000. Bank of Montreal Can bought a new stake in Broadmark Realty Capital in the fourth quarter worth $36,000. Royal Bank of Canada lifted its stake in Broadmark Realty Capital by 218.7% in the third quarter. Royal Bank of Canada now owns 7,944 shares of the company’s stock worth $40,000 after purchasing an additional 5,451 shares during the last quarter. Bleakley Financial Group LLC bought a new stake in Broadmark Realty Capital in the fourth quarter worth $44,000. Finally, First Republic Investment Management Inc. bought a new stake in Broadmark Realty Capital in the third quarter worth $53,000. Hedge funds and other institutional investors own 46.50% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Piper Sandler raised shares of Broadmark Realty Capital from an “underweight” rating to a “neutral” rating and boosted their price target for the stock from $3.75 to $6.00 in a research note on Tuesday, February 28th.

Broadmark Realty Capital Stock Down 0.6 %

Shares of NYSE:BRMK opened at $4.92 on Monday. The company has a 50-day moving average price of $4.70 and a 200-day moving average price of $4.43. Broadmark Realty Capital Inc. has a 12 month low of $3.52 and a 12 month high of $7.70.

Broadmark Realty Capital (NYSE:BRMK – Get Rating) last issued its quarterly earnings data on Monday, February 27th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.02). The firm had revenue of $21.07 million for the quarter, compared to the consensus estimate of $25.76 million. Broadmark Realty Capital had a negative net margin of 128.10% and a positive return on equity of 5.69%. During the same period last year, the company posted $0.18 earnings per share. Equities analysts expect that Broadmark Realty Capital Inc. will post 0.5 earnings per share for the current year.

Broadmark Realty Capital Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, May 30th. Stockholders of record on Wednesday, May 24th will be paid a dividend of $0.035 per share. This represents a $0.42 annualized dividend and a dividend yield of 8.54%. The ex-dividend date of this dividend is Tuesday, May 23rd. Broadmark Realty Capital’s dividend payout ratio (DPR) is -42.86%.

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.