Equities analysts expect Broadmark Realty Capital Inc. (NYSE:BRMK) to report earnings per share of $0.21 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Broadmark Realty Capital’s earnings. The highest EPS estimate is $0.21 and the lowest is $0.20. Broadmark Realty Capital posted earnings of $0.20 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 5%. The business is scheduled to report its next quarterly earnings report on Thursday, February 24th.
On average, analysts expect that Broadmark Realty Capital will report full-year earnings of $0.75 per share for the current financial year, with EPS estimates ranging from $0.73 to $0.76. For the next year, analysts anticipate that the business will report earnings of $0.93 per share, with EPS estimates ranging from $0.87 to $0.98. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that cover Broadmark Realty Capital.
Broadmark Realty Capital (NYSE:BRMK) last posted its earnings results on Sunday, November 7th. The company reported $0.18 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.02). Broadmark Realty Capital had a return on equity of 8.16% and a net margin of 67.93%. During the same quarter last year, the business posted $0.18 earnings per share.
Separately, Zacks Investment Research raised shares of Broadmark Realty Capital from a “sell” rating to a “hold” rating in a report on Thursday, December 9th. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $12.00.
A number of large investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of Broadmark Realty Capital by 1.7% in the second quarter. Vanguard Group Inc. now owns 11,493,761 shares of the company’s stock valued at $121,719,000 after acquiring an additional 192,199 shares during the period. State Street Corp boosted its stake in shares of Broadmark Realty Capital by 4.6% during the 2nd quarter. State Street Corp now owns 2,879,687 shares of the company’s stock valued at $30,697,000 after purchasing an additional 126,527 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Broadmark Realty Capital by 3.0% during the 3rd quarter. Geode Capital Management LLC now owns 2,218,781 shares of the company’s stock valued at $21,877,000 after purchasing an additional 64,991 shares in the last quarter. Van ECK Associates Corp boosted its stake in shares of Broadmark Realty Capital by 15.7% during the 2nd quarter. Van ECK Associates Corp now owns 895,070 shares of the company’s stock valued at $9,479,000 after purchasing an additional 121,127 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Broadmark Realty Capital by 1.6% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 869,985 shares of the company’s stock valued at $9,214,000 after purchasing an additional 13,336 shares in the last quarter. Institutional investors own 49.41% of the company’s stock.
Shares of BRMK stock traded up $0.07 during trading hours on Friday, hitting $9.76. 608,400 shares of the company were exchanged, compared to its average volume of 1,284,937. The firm has a fifty day simple moving average of $9.68 and a 200 day simple moving average of $10.13. The stock has a market capitalization of $1.30 billion, a price-to-earnings ratio of 15.74 and a beta of 0.82. Broadmark Realty Capital has a 52-week low of $8.85 and a 52-week high of $11.10.
The firm also recently announced a monthly dividend, which will be paid on Friday, January 14th. Investors of record on Friday, December 31st will be given a $0.07 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 8.61%. The ex-dividend date of this dividend is Thursday, December 30th. Broadmark Realty Capital’s payout ratio is presently 135.48%.
Broadmark Realty Capital Company Profile
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.
See Also: Fiduciary
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