Zacks: Brokerages Expect Broadmark Realty Capital Inc. (NASDAQ:BRMK) to Post $0.21 EPS
Equities analysts forecast that Broadmark Realty Capital Inc. (NASDAQ:BRMK) will post $0.21 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Broadmark Realty Capital’s earnings. The lowest EPS estimate is $0.20 and the highest is $0.21. The company is scheduled to announce its next earnings report on Monday, November 9th.
According to Zacks, analysts expect that Broadmark Realty Capital will report full-year earnings of $0.82 per share for the current fiscal year, with EPS estimates ranging from $0.81 to $0.82. For the next fiscal year, analysts forecast that the company will post earnings of $0.97 per share, with EPS estimates ranging from $0.95 to $0.98. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Broadmark Realty Capital.
Broadmark Realty Capital (NASDAQ:BRMK) last posted its earnings results on Monday, August 10th. The company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.03).
Several institutional investors have recently modified their holdings of the stock. Principal Financial Group Inc. acquired a new stake in shares of Broadmark Realty Capital in the second quarter valued at approximately $139,000. Nuveen Asset Management LLC acquired a new stake in shares of Broadmark Realty Capital in the second quarter valued at approximately $5,204,000. Charles Schwab Investment Management Inc. acquired a new stake in shares of Broadmark Realty Capital in the second quarter valued at approximately $7,895,000. Doheny Asset Management CA grew its holdings in Broadmark Realty Capital by 114.5% during the 2nd quarter. Doheny Asset Management CA now owns 245,675 shares of the company’s stock worth $2,327,000 after acquiring an additional 131,125 shares during the period. Finally, California State Teachers Retirement System acquired a new stake in Broadmark Realty Capital during the 2nd quarter worth $1,837,000.
NASDAQ:BRMK opened at $10.11 on Friday. Broadmark Realty Capital has a 1 year low of $5.44 and a 1 year high of $12.81. The firm has a 50 day moving average of $9.76 and a 200-day moving average of $8.93. The stock has a market capitalization of $1.34 billion and a P/E ratio of 42.13.
The business also recently declared a monthly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be issued a $0.06 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 7.12%. The ex-dividend date of this dividend is Tuesday, September 29th. Broadmark Realty Capital’s dividend payout ratio is currently 300.00%.
Broadmark Realty Capital Company Profile
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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