Broadmark Realty Capital (NASDAQ:BRMK) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Friday, Zacks.com reports.

According to Zacks, “Broadmark Realty Capital Inc. is a real estate investment trust. It engages in acquisition, renovation, rehabilitation and development of residential and commercial properties. Broadmark Realty Capital Inc., formerly known as Trinity Merger Corp., is based in Seattle, Washington. “

Several other analysts also recently weighed in on BRMK. B. Riley reiterated a “buy” rating and issued a $13.00 target price on shares of Broadmark Realty Capital in a report on Monday, December 9th. Raymond James assumed coverage on shares of Broadmark Realty Capital in a report on Friday, November 22nd. They issued an “outperform” rating and a $12.00 target price for the company.

Shares of BRMK stock traded down $0.02 during trading on Friday, hitting $12.69. 316,721 shares of the stock traded hands, compared to its average volume of 766,123. The company has a market capitalization of $1.68 billion and a price-to-earnings ratio of 52.88. The firm’s fifty day moving average price is $12.54. Broadmark Realty Capital has a 52-week low of $10.77 and a 52-week high of $12.81.

A number of institutional investors have recently bought and sold shares of the stock. SCS Capital Management LLC acquired a new stake in Broadmark Realty Capital in the 4th quarter valued at approximately $140,744,000. FMR LLC acquired a new position in shares of Broadmark Realty Capital in the fourth quarter worth $26,775,000. Verde Capital Management acquired a new position in shares of Broadmark Realty Capital in the fourth quarter worth $16,311,000. Dorsey & Whitney Trust CO LLC acquired a new position in shares of Broadmark Realty Capital in the fourth quarter worth $6,795,000. Finally, Boston Private Wealth LLC acquired a new position in shares of Broadmark Realty Capital in the fourth quarter worth $6,163,000.

About Broadmark Realty Capital

Broadmark Realty Capital Inc provides short-term and first deed of trust loans secured by real estate to fund the acquisition, renovation, rehabilitation, and development of residential and commercial properties in the United States. The company has elected to be taxed as a real estate investment trust.

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