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.
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.
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