Wall Street brokers expect Broadmark Realty Capital Inc. (NYSE: BRMK) to report earnings of $0.21 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made earnings estimates for Broadmark Realty Capital, with estimates ranging from $0.20 to $0.21. Broadmark Realty Capital reported earnings of $0.20 per share in the same quarter last year, suggesting a positive 5% year-over-year growth rate. The company is expected to release its next earnings report on Thursday, February 24.
On average, analysts expect Broadmark Realty Capital to report annual earnings of $0.75 per share for the current fiscal year, with EPS estimates ranging from $0.73 to $0.76. For next year, analysts expect the company to post earnings of $0.93 per share, with EPS estimates ranging from $0.87 to $0.98. Zacks’ EPS calculations are an average average based on a survey of research analysts who cover Broadmark Realty Capital.
Broadmark Realty Capital Inc (NYSE:BRMK) last announced its results on Sunday, November 7. The company reported EPS of $0.18 for the quarter, missing analyst consensus estimates of $0.20 per ($0.02). Broadmark Realty Capital had a net margin of 67.93% and a return on equity of 8.16%. During the same period of the previous year, the company achieved EPS of $0.18.
Separately, Zacks Investment Research upgraded Broadmark Realty Capital from a “hold” rating to a “buy” rating and set a price target of $10.00 for the company in a research note on Tuesday. Two analysts rated the stock with a hold rating and two assigned the stock a buy rating. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $10.00.
Broadmark Realty Capital stock traded down $0.06 at midday Friday, hitting $9.20. 960,476 shares of the stock trade in hands, compared to its average volume of 987,626. The company has a 50-day simple moving average of $9.48 and a two-hundred-day simple moving average of $10.01. Broadmark Realty Capital has a 12 month minimum of $8.85 and a 12 month maximum of $11.10. The company has a market capitalization of $1.22 billion, a PE ratio of 14.84 and a beta of 0.82.
The company also recently announced a monthly dividend, which will be paid on Tuesday, February 15. Shareholders of record on Monday, January 31 will receive a dividend of $0.07. This represents an annualized dividend of $0.84 and a dividend yield of 9.13%. The ex-date of this dividend is Friday, January 28. Broadmark Realty Capital’s payout ratio is currently 135.48%.
Hedge funds and other institutional investors have recently changed their holdings in the company. Advisory Services Network LLC acquired a new equity stake in Broadmark Realty Capital during Q2 worth approximately $44,000. XTX Topco Ltd acquired a new equity stake from Broadmark Realty Capital during Q2 for a value of approximately $110,000. Price T Rowe Associates Inc. MD acquired a new position in Broadmark Realty Capital during the second quarter worth approximately $118,000. Advisor Group Holdings Inc. increased its position in Broadmark Realty Capital by 73.5% during the second quarter. Advisor Group Holdings Inc. now owns 11,448 shares of the company worth $121,000 after purchasing an additional 4,848 shares during the period. Finally, Commonwealth Equity Services LLC increased its position in Broadmark Realty Capital by 17.4% during the second quarter. Commonwealth Equity Services LLC now owns 13,246 shares of the company worth $140,000 after purchasing an additional 1,966 shares during the period. 48.33% of the shares are currently held by institutional investors and hedge funds.
About Broadmark Realty Capital
Broadmark Realty Capital Inc, together with its subsidiaries, engages in the underwriting, financing, servicing and management of a portfolio of short-term loans and first indenture to finance the construction, development and investment in residential or commercial properties in the United States. States. It also provides short-term loans and first deeds of trust secured by real estate to finance construction and development, investment in residential or commercial properties.
See also: Municipal bonds
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