Broadmark Realty Capital (BRMK) Set to Announce Quarterly Earnings on Monday

Broadmark Realty Capital (NYSE:BRMKGet Rating) is scheduled to announce its earnings results after the market closes on Monday, May 9th. Analysts expect the company to announce earnings of $0.20 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Broadmark Realty Capital (NYSE:BRMKGet Rating) last posted its quarterly earnings data on Monday, February 28th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.03). Broadmark Realty Capital had a return on equity of 8.04% and a net margin of 68.43%. During the same period last year, the firm earned $0.19 earnings per share. On average, analysts expect Broadmark Realty Capital to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

BRMK stock opened at $7.81 on Monday. Broadmark Realty Capital has a 12-month low of $7.79 and a 12-month high of $11.10. The stock has a market cap of $1.04 billion, a price-to-earnings ratio of 12.60 and a beta of 0.80. The business’s 50-day moving average is $8.37 and its 200 day moving average is $9.18.

The company also recently disclosed a monthly dividend, which will be paid on Monday, May 16th. Investors of record on Friday, April 29th will be issued a $0.07 dividend. This represents a $0.84 annualized dividend and a yield of 10.76%. The ex-dividend date is Thursday, April 28th. Broadmark Realty Capital’s payout ratio is 135.48%.

Several equities research analysts recently issued reports on BRMK shares. Raymond James lowered their price objective on Broadmark Realty Capital from $12.50 to $11.00 and set an “outperform” rating on the stock in a report on Wednesday, March 2nd. Zacks Investment Research cut Broadmark Realty Capital from a “hold” rating to a “strong sell” rating in a report on Thursday, March 3rd.

Several institutional investors have recently modified their holdings of BRMK. Royal Bank of Canada raised its position in shares of Broadmark Realty Capital by 73.8% during the 3rd quarter. Royal Bank of Canada now owns 15,526 shares of the company’s stock valued at $153,000 after buying an additional 6,592 shares during the period. Janus Henderson Group PLC purchased a new stake in shares of Broadmark Realty Capital during the 3rd quarter valued at approximately $280,000. Penserra Capital Management LLC raised its position in shares of Broadmark Realty Capital by 46.5% during the 4th quarter. Penserra Capital Management LLC now owns 31,503 shares of the company’s stock valued at $296,000 after buying an additional 9,998 shares during the period. Virtu Financial LLC purchased a new stake in shares of Broadmark Realty Capital during the 4th quarter valued at approximately $302,000. Finally, MetLife Investment Management LLC raised its position in shares of Broadmark Realty Capital by 14.8% during the 4th quarter. MetLife Investment Management LLC now owns 44,311 shares of the company’s stock valued at $418,000 after buying an additional 5,712 shares during the period. Institutional investors and hedge funds own 48.37% of the company’s stock.

About Broadmark Realty Capital (Get Rating)

Broadmark Realty Capital Inc operates as a commercial real estate finance company in the United States. It engages in underwriting, funding, servicing, and managing a portfolio of short-term trust loans to fund the construction and development, or investment in residential or commercial properties. The company has elected to be taxed as a real estate investment trust.

See Also

Earnings History for Broadmark Realty Capital (NYSE:BRMK)

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