$0.21 Earnings Per Share Expected for Broadmark Realty Capital Inc. (NYSE:BRMK) This Quarter


Brokerages expect Broadmark Realty Capital Inc. (NYSE:BRMK) to announce earnings of $0.21 per share for the current quarter, according to Zacks. Two analysts have provided estimates for Broadmark Realty Capital’s earnings, with the lowest EPS estimate coming in at $0.20 and the highest estimate coming in at $0.21. Broadmark Realty Capital reported earnings of $0.20 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 5%. The company is scheduled to announce its next quarterly earnings results after the market closes on Monday, February 28th.

According to Zacks, analysts expect that Broadmark Realty Capital will report full year 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 that the firm will 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 that cover Broadmark Realty Capital.

Separately, Zacks Investment Research downgraded shares of Broadmark Realty Capital from a “buy” rating to a “hold” rating in a research report on Tuesday, February 8th.

NYSE BRMK traded up $0.05 during mid-day trading on Friday, hitting $8.97. The company’s stock had a trading volume of 27,699 shares, compared to its 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 twelve month low of $8.85 and a twelve month high of $11.10. The firm has a market capitalization of $1.19 billion, a price-to-earnings ratio of 14.47 and a beta of 0.79.

(Ad)

As cryptocurrencies start to dip, the stocks that surround the groundbreaking currency are poised for growth.

Now, this exclusive report guides you to stocks that have exposure to this brand new market.

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, March 15th. Shareholders of record on Monday, February 28th will be issued a dividend of $0.07 per share. This represents a $0.84 dividend on an annualized basis and a yield of 9.36%. The ex-dividend date is Friday, February 25th. Broadmark Realty Capital’s dividend payout ratio is 135.48%.

Institutional investors and hedge funds have recently bought and sold shares of the business. Invesco Ltd. raised 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’s stock worth $17,085,000 after purchasing an additional 1,620,453 shares during the period. SCS Capital Management LLC raised 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’s stock worth $47,481,000 after purchasing an additional 1,418,666 shares during the period. Renaissance Technologies LLC raised 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’s stock worth $6,797,000 after purchasing an additional 443,400 shares during the period. Summit Global Investments bought a new stake in shares of Broadmark Realty Capital during the 3rd quarter worth $3,680,000. Finally, MAS Advisors LLC bought a new stake in shares of Broadmark Realty Capital during the 4th quarter worth $3,464,000. 49.26% of the stock is currently owned by hedge funds and other institutional investors.

About Broadmark Realty Capital

Broadmark Realty Capital Inc, together with its subsidiaries, engages in the underwriting, funding, servicing, and managing a portfolio of short-term and first deed of trust loans to fund the construction, development, and investment in residential or commercial properties in the United States. It also provides short-term and first deed of trust loans secured by real estate to fund the construction and development, investment in residential or commercial properties.

Featured Stories

Get a free copy of the Zacks research report on Broadmark Realty Capital (BRMK)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Should you invest $1,000 in Broadmark Realty Capital right now?

Before you consider Broadmark Realty Capital, you’ll want to hear this.

MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Broadmark Realty Capital wasn’t on the list.

While Broadmark Realty Capital currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

View The 5 Stocks Here

 



Source link

Leave a Comment

Your email address will not be published.