Broadmark Realty Capital (NYSE:BRMK) Sets New 52-Week Low at $7.86

Broadmark Realty Capital Inc. (NYSE:BRMKGet Rating)’s stock price reached a new 52-week low during trading on Thursday . The stock traded as low as $7.86 and last traded at $8.02, with a volume of 589536 shares. The stock had previously closed at $7.98.

Several research analysts have recently issued reports on BRMK shares. Raymond James dropped their target price on shares of Broadmark Realty Capital from $12.50 to $11.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 2nd. Zacks Investment Research downgraded shares of Broadmark Realty Capital from a “hold” rating to a “strong sell” rating in a research note on Thursday, March 3rd.

The firm’s 50 day moving average price is $8.37 and its 200-day moving average price is $9.19. The stock has a market cap of $1.04 billion, a P/E ratio of 12.60 and a beta of 0.80.

Broadmark Realty Capital (NYSE:BRMKGet Rating) last issued its earnings results on Monday, February 28th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.03). Broadmark Realty Capital had a return on equity of 8.04% and a net margin of 68.43%. During the same quarter in the prior year, the company posted $0.19 earnings per share. On average, research analysts forecast that Broadmark Realty Capital Inc. will post 0.87 earnings per share for the current year.

The business also recently disclosed a monthly dividend, which will be paid on Monday, May 16th. Investors of record on Friday, April 29th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Thursday, April 28th. This represents a $0.84 dividend on an annualized basis and a yield of 10.76%. Broadmark Realty Capital’s dividend payout ratio (DPR) is 135.48%.

A number of institutional investors have recently modified their holdings of BRMK. Raymond James & Associates lifted its position in Broadmark Realty Capital by 31.0% during the third quarter. Raymond James & Associates now owns 16,899 shares of the company’s stock valued at $167,000 after purchasing an additional 4,000 shares during the period. Raymond James Financial Services Advisors Inc. lifted its position in Broadmark Realty Capital by 11.6% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 61,632 shares of the company’s stock valued at $608,000 after purchasing an additional 6,385 shares during the period. Brighton Jones LLC lifted its position in Broadmark Realty Capital by 2.3% during the third quarter. Brighton Jones LLC now owns 75,747 shares of the company’s stock valued at $747,000 after purchasing an additional 1,725 shares during the period. Advisor Group Holdings Inc. lifted its position in Broadmark Realty Capital by 48.1% during the third quarter. Advisor Group Holdings Inc. now owns 16,957 shares of the company’s stock valued at $167,000 after purchasing an additional 5,509 shares during the period. Finally, Griffin Asset Management Inc. lifted its position in Broadmark Realty Capital by 70.0% during the third quarter. Griffin Asset Management Inc. now owns 17,000 shares of the company’s stock valued at $168,000 after purchasing an additional 7,000 shares during the period. Institutional investors own 49.26% of the company’s stock.

About Broadmark Realty Capital (NYSE:BRMK)

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.

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