Broadmark Realty Capital Inc. (NYSE: BRMK) recorded a significant increase in short term interest during the month of November. As of November 30, there was short interest totaling 3,570,000 shares, an increase of 27.0% from the total of 2,810,000 shares as of November 15. Based on an average daily trading volume of 769,000 shares, the short-term interest ratio is currently 4.6 days. Currently 2.8% of the company’s shares are sold short.
Several institutional investors have recently bought and sold shares in the company. UBS Asset Management Americas Inc. increased its equity stake in Broadmark Realty Capital by 1.2% during the 3rd quarter. UBS Asset Management Americas Inc. now owns 122,901 shares of the company valued at $ 1,212,000 after purchasing an additional 1,476 shares in the last quarter. Moors & Cabot Inc. purchased a new stake in Broadmark Realty Capital during the 3rd quarter for a value of $ 940,000. Bank of New York Mellon Corp increased its position in Broadmark Realty Capital by 6.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 504,267 shares of the company valued at $ 4,972,000 after acquiring an additional 31,790 shares during the last quarter. Colony Group LLC purchased a new stake in Broadmark Realty Capital during the 3rd quarter for a value of $ 2,590,000. Finally, Janus Henderson Group PLC acquired a new stake in Broadmark Realty Capital during the 3rd quarter for an amount of $ 280,000. 49.41% of the shares are held by institutional investors.
Separately, Zacks investment research upgraded Broadmark Realty Capital from a “sell” rating to a “custody” rating in a report released on Thursday, December 9. Three equity research analysts rated the stock with a conservation rating and one assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average “Hold” rating and a consensus target price of $ 12.00.
NYSE: BRMK shares traded down $ 0.01 in Friday trading, reaching $ 9.33. 3,904,173 shares of the company were traded for an average volume of 819,321. The company’s 50-day moving average is $ 9.88 and its two-hundred-day moving average is $ 10.26. The company has a market cap of $ 1.24 billion, a PE ratio of 15.05 and a beta of 0.82. Broadmark Realty Capital has a 52 week low of $ 8.95 and a 52 week high of $ 11.10.
Broadmark Realty Capital (NYSE: BRMK) last reported its results on Sunday, November 7. The company reported earnings per share of $ 0.18 for the quarter, missing analyst consensus estimates of $ 0.20 of ($ 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. As a group, sell-side analysts predict that Broadmark Realty Capital will post 0.75 EPS for the current fiscal year.
The company also recently declared a monthly dividend, which will be paid on Friday, January 14. Shareholders of record on Friday, December 31 will receive a dividend of $ 0.07 per share. The ex-dividend date is Thursday, December 30. This represents a dividend of $ 0.84 on an annualized basis and a dividend yield of 9.00%. Broadmark Realty Capital’s dividend payout ratio (DPR) is currently 135.48%.
About Broadmark Realty Capital
Broadmark Realty Capital Inc, along with its subsidiaries, engages in the underwriting, financing, management and management of a portfolio of short term loans and first deed of trust to finance construction, development and investment in residential or commercial properties in the United States. States. It also provides short term loans and first trust deed secured by real estate to finance construction and development, investment in residential or commercial properties.
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