Earnings per share of $0.21 expected for Broadmark Realty Capital Inc. (NYSE:BRMK) this quarter
Brokers expect Broadmark Realty Capital Inc. (NYSE:BRMK) to report earnings of $0.21 per share for the current quarter, according to Zacks. Two analysts provided earnings estimates for Broadmark Realty Capital, with the lowest EPS estimate being $0.20 and the highest estimate being $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 announce its next quarterly results after the market closes on Monday, February 28.
According to Zacks, analysts expect Broadmark Realty Capital to report annual earnings of $0.75 per share for the current year, with EPS estimates ranging from $0.73 to $0.76. For the next fiscal 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 based on a survey of research analysts who cover Broadmark Realty Capital.
Separately, Zacks Investment Research downgraded shares of Broadmark Realty Capital from a “buy” rating to a “hold” rating in a Tuesday, February 8 research report.
NYSE BRMK traded at $0.05 in Friday’s midday session, hitting $8.97. The company’s stock had a trading volume of 27,699 shares, compared to an average volume of 973,425. The company’s 50-day simple moving average is $9.39 and its 200-day simple moving average is 9 $.88. Broadmark Realty Capital has a 12-month low of $8.85 and a 12-month high of $11.10. The company has a market capitalization of $1.19 billion, a price-earnings ratio of 14.47 and a beta of 0.79.
The company also recently announced a monthly dividend, which will be paid on Tuesday, March 15. Shareholders of record on Monday, February 28 will receive a dividend of $0.07 per share. This represents a dividend of $0.84 on an annualized basis and a yield of 9.36%. The ex-dividend date is Friday, February 25. Broadmark Realty Capital’s dividend payout ratio is 135.48%.
Institutional investors and hedge funds have recently bought and sold shares of the company. Invesco Ltd. increased its stake in shares of Broadmark Realty Capital by 846.8% during the 4th quarter. Invesco Ltd. now owns 1,811,819 shares of the company worth $17,085,000 after purchasing an additional 1,620,453 shares during the period. SCS Capital Management LLC increased its stake in shares of Broadmark Realty Capital by 39.2% during the 4th quarter. SCS Capital Management LLC now owns 5,035,147 shares of the company worth $47,481,000 after purchasing an additional 1,418,666 shares during the period. Renaissance Technologies LLC increased its stake in shares of Broadmark Realty Capital by 223.5% during the 2nd quarter. Renaissance Technologies LLC now owns 641,800 shares of the company worth $6,797,000 after purchasing an additional 443,400 shares during the period. Summit Global Investments purchased a new equity stake from Broadmark Realty Capital during Q3 for $3,680,000. Finally, MAS Advisors LLC purchased a new equity stake from Broadmark Realty Capital during Q4 for a value of $3,464,000. 49.26% of the shares are currently held by hedge funds and other institutional investors.
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.
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