Analysts expect Broadmark Realty Capital Inc. (NYSE: BRMK) to report earnings per share (EPS) of $ 0.20 for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Broadmark Realty Capital’s earnings. The lowest EPS estimate is $ 0.18 and the highest is $ 0.21. Broadmark Realty Capital posted earnings of $ 0.18 per share in the same quarter last year, suggesting a positive year-over-year growth rate of 11.1%. The company is expected to release its next earnings report on Monday, November 8.
On average, analysts expect Broadmark Realty Capital to report annual earnings of $ 0.76 per share for the current year, with EPS estimates ranging from $ 0.73 to $ 0.79. For the next fiscal year, analysts expect the company to post earnings of $ 0.97 per share, with EPS estimates ranging from $ 0.84 to $ 1.10. Zacks earnings per share averages are an average based on a survey of sales analysts who cover Broadmark Realty Capital.
Broadmark Realty Capital (NYSE: BRMK) last released its quarterly earnings data on Sunday, August 8. The company reported EPS of $ 0.18 for the quarter, missing the Thomson Reuters consensus estimate of $ 0.20 ($ 0.02). Broadmark Realty Capital had a net margin of 70.13% and a return on equity of 8.01%.
A number of analysts have recently weighed on the title. TheStreet downgraded Broadmark Realty Capital shares from a â€œd +â€ rating to a â€œc-â€ rating in a research note on Thursday, June 17th. Zacks investment research upgraded Broadmark Realty Capital shares from a â€œsellâ€ rating to a â€œcustodyâ€ rating in a research note on Tuesday, August 10. Three 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 â€œHoldâ€ rating and a consensus target price of $ 12.25.
Several hedge funds and other institutional investors have recently changed their holdings of equities. The New York State Common Retirement Fund increased its holdings of Broadmark Realty Capital shares by 1.0% in the second quarter. The New York State Pooled Retirement Fund now owns 109,041 shares of the company valued at $ 1,155,000 after purchasing an additional 1,041 shares during the period. Atom Investors LP increased its stake in Broadmark Realty Capital by 6.4% in the second quarter. Atom Investors LP now owns 20,455 shares of the company valued at $ 217,000 after acquiring an additional 1,232 shares during the period. FORA Capital LLC increased its stake in Broadmark Realty Capital by 60.7% in the first quarter. FORA Capital LLC now owns 3,881 shares of the company valued at $ 41,000 after acquiring an additional 1,466 shares during the period. Principal Financial Group Inc. increased its stake in Broadmark Realty Capital by 11.5% in the second quarter. Principal Financial Group Inc. now owns 14,800 shares of the company valued at $ 157,000 after acquiring an additional 1,525 shares during the period. Finally, Mariner LLC increased its stake in Broadmark Realty Capital by 3.2% in the second quarter. Mariner LLC now owns 49,161 shares of the company valued at $ 521,000 after acquiring an additional 1,526 shares during the period. 50.48% of the shares are held by hedge funds and other institutional investors.
NYSE BRMK traded up $ 0.14 on Friday, hitting $ 10.00. 715,452 shares of the company were traded for an average volume of 799,323. The company has a market capitalization of $ 1.33 billion, a PE ratio of 15.63 and a beta of 0.78. Broadmark Realty Capital has a one-year low of $ 9.67 and a one-year high of $ 11.10. The company’s 50-day average mobile price is $ 10.38, and its two-hundred-day mobile average price is $ 10.49.
The firm also recently announced a monthly dividend, which will be paid on Friday, October 15. Shareholders of record on Thursday, September 30 will receive a dividend of $ 0.07 per share. The ex-dividend date is Wednesday, September 29. This represents a dividend of $ 0.84 on an annualized basis and a dividend yield of 8.40%. Broadmark Realty Capital’s dividend payout ratio (DPR) is currently 118.31%.
About Broadmark Realty Capital
Broadmark Realty Capital Inc, together 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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