Broadmark Realty Capital Inc. (NYSE:BRMK) Expected to Post Earnings of $0.20 Per Share


Brokerages expect Broadmark Realty Capital Inc. (NYSE:BRMK – Get Rating) to announce $0.20 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Broadmark Realty Capital’s earnings, with estimates ranging from $0.18 to $0.22. Broadmark Realty Capital posted earnings of $0.18 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 11.1%. The firm is scheduled to issue its next quarterly earnings results on Monday, May 9th.

On average, analysts expect that Broadmark Realty Capital will report full-year earnings of $0.87 per share for the current fiscal year, with EPS estimates ranging from $0.76 to $0.98. For the next year, analysts expect that the firm will post earnings of $0.81 per share. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Broadmark Realty Capital.

Broadmark Realty Capital (NYSE:BRMK – Get Rating) last issued its earnings results on Monday, February 28th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.03). Broadmark Realty Capital had a net margin of 68.43% and a return on equity of 8.04%. During the same quarter in the previous year, the firm earned $0.19 earnings per share.

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Several equities research analysts recently issued reports on the stock. 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. Raymond James dropped their target price on shares of Broadmark Realty Capital from $12.50 to $11.00 and set an “outperform” rating for the company in a research report on Wednesday, March 2nd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $10.50.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. CIBC Asset Management Inc acquired a new position in shares of Broadmark Realty Capital in the 4th quarter valued at $104,000. Price T Rowe Associates Inc. MD bought a new stake in Broadmark Realty Capital during the 2nd quarter worth about $118,000. Hsbc Holdings PLC bought a new position in shares of Broadmark Realty Capital in the 3rd quarter valued at about $144,000. NinePointTwo Capital LLC bought a new position in shares of Broadmark Realty Capital in the 3rd quarter valued at about $151,000. Finally, Royal Bank of Canada boosted its stake in shares of Broadmark Realty Capital by 73.8% in the 3rd quarter. Royal Bank of Canada now owns 15,526 shares of the company’s stock valued at $153,000 after purchasing an additional 6,592 shares during the last quarter. 49.26% of the stock is owned by institutional investors and hedge funds.

NYSE BRMK traded up $0.03 during mid-day trading on Friday, reaching $8.28. 2,519 shares of the stock were exchanged, compared to its average volume of 1,045,786. The stock has a market capitalization of $1.10 billion, a PE ratio of 13.37 and a beta of 0.81. The business’s fifty day simple moving average is $9.09 and its 200 day simple moving average is $9.67. Broadmark Realty Capital has a 1-year low of $7.86 and a 1-year high of $11.10.

The firm also recently announced a monthly dividend, which will be paid on Tuesday, March 15th. Shareholders of record on Monday, February 28th will be given a $0.07 dividend. This represents a $0.84 annualized dividend and a yield of 10.14%. The ex-dividend date is Friday, February 25th. Broadmark Realty Capital’s dividend payout ratio is 135.48%.

About Broadmark Realty Capital (Get Rating)

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.

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