Broadmark Realty Capital Inc. (NASDAQ:BRMK) – Investment analysts at B. Riley lowered their FY2020 EPS estimates for shares of Broadmark Realty Capital in a research note issued on Monday, January 13th. B. Riley analyst T. Hayes now expects that the company will earn $1.19 per share for the year, down from their previous forecast of $1.20. B. Riley currently has a “Buy” rating and a $13.00 target price on the stock. B. Riley also issued estimates for Broadmark Realty Capital’s Q4 2021 earnings at $0.33 EPS and FY2021 earnings at $1.31 EPS.
Separately, Raymond James began coverage on Broadmark Realty Capital in a research report on Friday, November 22nd. They issued an “outperform” rating and a $12.00 price objective on the stock.
BRMK stock opened at $12.14 on Wednesday. The stock has a fifty day simple moving average of $12.19. Broadmark Realty Capital has a 1-year low of $10.77 and a 1-year high of $12.75. The stock has a market capitalization of $1.63 billion and a PE ratio of 50.58.
A hedge fund recently bought a new stake in Broadmark Realty Capital stock. FNY Investment Advisers LLC bought a new stake in Broadmark Realty Capital Inc. (NASDAQ:BRMK) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,500 shares of the company’s stock, valued at approximately $31,000.
The firm also recently disclosed a monthly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be given a $0.08 dividend. The ex-dividend date of this dividend is Thursday, January 30th. This represents a $0.96 annualized dividend and a yield of 7.91%. Broadmark Realty Capital’s dividend payout ratio is currently 600.00%.
About Broadmark Realty Capital
Broadmark Realty Capital Inc provides short-term and first deed of trust loans secured by real estate to fund the acquisition, renovation, rehabilitation, and development of residential and commercial properties in the United States. The company has elected to be taxed as a real estate investment trust.
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