Broadmark Realty Capital Inc. (NYSE: BRMK) recorded a sharp decline in short-term interest in December. As of December 15, there was short interest totaling 2,230,000 shares, a decrease of 37.5% from the total of 3,570,000 shares as of November 30. About 1.8% of the company’s shares are sold short. Based on an average daily volume of 921,800 shares, the short-term interest rate is currently 2.4 days.
NYSE: BRMK traded up $ 0.06 at noon on Friday, reaching $ 9.75. 10,895 shares of the stock traded for an 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 cap of $ 1.29 billion, a P / E ratio of 15.63 and a beta of 0.82.
Broadmark Realty Capital (NYSE: BRMK) last released its quarterly results on Sunday, November 7. The company reported EPS of $ 0.18 for the quarter, missing Zacks’ consensus estimate of $ 0.20 ($ 0.02). Broadmark Realty Capital had a net margin of 67.93% and a return on equity of 8.16%. In the same quarter of the previous year, the company made EPS of $ 0.18. As a group, analysts predict that Broadmark Realty Capital will post 0.75 EPS for the current fiscal year.
The company also recently disclosed a monthly dividend, which will be paid on Friday, January 14. Shareholders of record on Friday, December 31 will receive a dividend of $ 0.07. The ex-dividend date for this dividend is Thursday, December 30. This represents an annualized dividend of $ 0.84 and a yield of 8.62%. Broadmark Realty Capital’s dividend payout ratio (DPR) is currently 135.48%.
A number of hedge funds and other institutional investors have recently changed their holdings in the company. The New York State Common Retirement Fund increased its holdings in Broadmark Realty Capital 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 in the last quarter. 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 purchasing an additional 1,232 shares in the last quarter. Voya Investment Management LLC increased its stake in Broadmark Realty Capital by 2.7% in the 3rd quarter. Voya Investment Management LLC now owns 55,202 shares of the company valued at $ 544,000 after purchasing an additional 1,445 shares in the last quarter. UBS Asset Management Americas Inc. increased its stake in Broadmark Realty Capital shares by 1.2% in the 3rd quarter. UBS Asset Management Americas Inc. now owns 122,901 shares of the company valued at $ 1,212,000 after acquiring an additional 1,476 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in Broadmark Realty Capital shares 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 in the last quarter. Institutional investors and hedge funds hold 49.41% of the company’s shares.
Meanwhile, Zacks Investment Research downgraded Broadmark Realty Capital shares from a “sell” rating to a “hold” rating in a Thursday, December 9th research note. Three equity research analysts rated the stock with a conservation rating and one 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, along 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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