Broadmark Realty Capital Inc. (NYSE:BRMK) saw a large decrease in short interest in December. As of December 15th, there was short interest totalling 2,230,000 shares, a decrease of 37.5% from the November 30th total of 3,570,000 shares. Approximately 1.8% of the company’s shares are short sold. Based on an average daily volume of 921,800 shares, the short-interest ratio is currently 2.4 days.
NYSE:BRMK traded up $0.06 during midday trading on Friday, reaching $9.75. 10,895 shares of the stock traded hands, compared to its average volume of 1,066,730. The company has a fifty day moving average of $9.69 and a 200 day moving average of $10.13. Broadmark Realty Capital has a 12 month low of $8.85 and a 12 month high of $11.10. The stock has a market capitalization of $1.29 billion, a P/E ratio of 15.63 and a beta of 0.82.
Broadmark Realty Capital (NYSE:BRMK) last posted its quarterly earnings results on Sunday, November 7th. The company reported $0.18 EPS for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.02). Broadmark Realty Capital had a net margin of 67.93% and a return on equity of 8.16%. During the same quarter in the prior year, the business earned $0.18 EPS. As a group, analysts forecast that Broadmark Realty Capital will post 0.75 EPS for the current fiscal year.
The business also recently disclosed a monthly dividend, which will be paid on Friday, January 14th. Shareholders of record on Friday, December 31st will be issued a $0.07 dividend. The ex-dividend date of this dividend is Thursday, December 30th. This represents a $0.84 annualized dividend and a yield of 8.62%. Broadmark Realty Capital’s dividend payout ratio (DPR) is presently 135.48%.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. New York State Common Retirement Fund raised its holdings in Broadmark Realty Capital by 1.0% in the 2nd quarter. New York State Common Retirement Fund now owns 109,041 shares of the company’s stock worth $1,155,000 after purchasing an additional 1,041 shares in the last quarter. Atom Investors LP raised its holdings in Broadmark Realty Capital by 6.4% in the 2nd quarter. Atom Investors LP now owns 20,455 shares of the company’s stock worth $217,000 after purchasing an additional 1,232 shares in the last quarter. Voya Investment Management LLC raised its holdings in Broadmark Realty Capital by 2.7% in the 3rd quarter. Voya Investment Management LLC now owns 55,202 shares of the company’s stock worth $544,000 after purchasing an additional 1,445 shares in the last quarter. UBS Asset Management Americas Inc. increased its stake in shares of Broadmark Realty Capital by 1.2% in the 3rd quarter. UBS Asset Management Americas Inc. now owns 122,901 shares of the company’s stock worth $1,212,000 after acquiring an additional 1,476 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in shares of Broadmark Realty Capital by 11.5% in the 2nd quarter. Principal Financial Group Inc. now owns 14,800 shares of the company’s stock worth $157,000 after acquiring an additional 1,525 shares in the last quarter. Institutional investors and hedge funds own 49.41% of the company’s stock.
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Separately, Zacks Investment Research raised shares of Broadmark Realty Capital from a “sell” rating to a “hold” rating in a research note on Thursday, December 9th. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $12.00.
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.
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