Zacks: Analysts Expect Broadmark Realty Capital Inc. (NYSE:BRMK) to Announce $0.19 EPS


Share on StockTwits

Equities analysts forecast that Broadmark Realty Capital Inc. (NYSE:BRMK) will announce $0.19 earnings per share for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Broadmark Realty Capital’s earnings. The business is scheduled to announce its next earnings results after the market closes on Thursday, February 25th.

According to Zacks, analysts expect that Broadmark Realty Capital will report full-year earnings of $0.75 per share for the current fiscal year. For the next fiscal year, analysts anticipate that the business will report earnings of $0.88 per share, with EPS estimates ranging from $0.86 to $0.90. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that follow Broadmark Realty Capital.

A number of equities analysts recently commented on the stock. BTIG Research assumed coverage on shares of Broadmark Realty Capital in a research note on Tuesday, February 2nd. They set a “neutral” rating for the company. Zacks Investment Research downgraded shares of Broadmark Realty Capital from a “buy” rating to a “hold” rating in a research report on Wednesday, February 10th. Finally, B. Riley restated a “buy” rating and set a $12.50 price target (up previously from $11.00) on shares of Broadmark Realty Capital in a research note on Friday, December 4th.

Several institutional investors and hedge funds have recently made changes to their positions in BRMK. Van ECK Associates Corp grew its stake in shares of Broadmark Realty Capital by 12.9% in the third quarter. Van ECK Associates Corp now owns 739,029 shares of the company’s stock valued at $7,287,000 after buying an additional 84,497 shares in the last quarter. Next Capital Management LLC acquired a new position in shares of Broadmark Realty Capital in the fourth quarter worth $292,000. Raymond James Financial Services Advisors Inc. increased its holdings in Broadmark Realty Capital by 216.5% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 116,466 shares of the company’s stock valued at $1,148,000 after buying an additional 79,666 shares during the last quarter. Swiss National Bank boosted its position in shares of Broadmark Realty Capital by 1.6% in the 3rd quarter. Swiss National Bank now owns 284,500 shares of the company’s stock valued at $2,805,000 after purchasing an additional 4,500 shares during the period. Finally, Nisa Investment Advisors LLC lifted its stake in shares of Broadmark Realty Capital by 157.0% in the 3rd quarter. Nisa Investment Advisors LLC now owns 121,338 shares of the company’s stock worth $1,196,000 after acquiring an additional 74,120 shares during the period. Institutional investors and hedge funds own 53.42% of the company’s stock.

Shares of BRMK traded up $0.07 during mid-day trading on Tuesday, hitting $10.76. 820,696 shares of the stock were exchanged, compared to its average volume of 696,737. The firm has a 50-day moving average of $10.49 and a two-hundred day moving average of $10.28. Broadmark Realty Capital has a 52-week low of $5.44 and a 52-week high of $12.72.

The firm also recently declared a monthly dividend, which will be paid on Monday, March 15th. Stockholders of record on Friday, February 26th will be issued a dividend of $0.07 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 7.81%. The ex-dividend date of this dividend is Thursday, February 25th.

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.

Read More: What is a Secondary Public Offering?

Get a free copy of the Zacks research report on Broadmark Realty Capital (BRMK)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Broadmark Realty Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Broadmark Realty Capital and related companies with MarketBeat.com's FREE daily email newsletter.