Broadmark Realty Capital Inc. (NYSE:BRMK) Expected to Post Earnings of $0.21 Per Share

Analysts expect Broadmark Realty Capital Inc. (NYSE:BRMK) to post earnings per share of $0.21 for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Broadmark Realty Capital’s earnings. The highest EPS estimate is $0.21 and the lowest is $0.20. Broadmark Realty Capital reported earnings per share of $0.20 during the same quarter last year, which suggests a positive year-over-year growth rate of 5%. The company is scheduled to issue its next quarterly earnings report on Thursday, February 24th.

On average, analysts expect that Broadmark Realty Capital will report full year earnings of $0.75 per share for the current fiscal year, with EPS estimates ranging from $0.73 to $0.76. For the next financial year, analysts forecast that the company will report earnings of $0.93 per share, with EPS estimates ranging from $0.87 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 (NYSE:BRMK) last announced its earnings results on Sunday, November 7th. The company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.02). Broadmark Realty Capital had a return on equity of 8.16% and a net margin of 67.93%. During the same quarter in the previous year, the business earned $0.18 EPS.

Separately, Zacks Investment Research raised Broadmark Realty Capital from a “sell” rating to a “hold” rating in a report on Thursday, December 9th. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, Broadmark Realty Capital presently has an average rating of “Hold” and a consensus target price of $12.00.

NYSE:BRMK remained flat at $$9.72 during midday trading on Friday. 26,197 shares of the company were exchanged, compared to its average volume of 1,159,503. The business’s 50-day simple moving average is $9.63 and its two-hundred day simple moving average is $10.10. Broadmark Realty Capital has a 1 year low of $8.85 and a 1 year high of $11.10. The stock has a market cap of $1.29 billion, a PE ratio of 15.68 and a beta of 0.82.

The firm also recently announced a monthly dividend, which will be paid on Friday, January 14th. Investors of record on Friday, December 31st will be given a dividend of $0.07 per share. This represents a $0.84 dividend on an annualized basis and a yield of 8.64%. The ex-dividend date of this dividend is Thursday, December 30th. Broadmark Realty Capital’s dividend payout ratio (DPR) is presently 135.48%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Advisory Services Network LLC purchased a new position in shares of Broadmark Realty Capital during the 2nd quarter valued at approximately $44,000. XTX Topco Ltd acquired a new stake in Broadmark Realty Capital in the second quarter worth $110,000. Price T Rowe Associates Inc. MD acquired a new stake in Broadmark Realty Capital in the second quarter worth $118,000. Advisor Group Holdings Inc. increased its position in Broadmark Realty Capital by 73.5% in the second quarter. Advisor Group Holdings Inc. now owns 11,448 shares of the company’s stock worth $121,000 after buying an additional 4,848 shares during the period. Finally, Commonwealth Equity Services LLC increased its position in Broadmark Realty Capital by 17.4% in the second quarter. Commonwealth Equity Services LLC now owns 13,246 shares of the company’s stock worth $140,000 after buying an additional 1,966 shares during the period. Hedge funds and other institutional investors own 48.33% of the company’s stock.

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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