Insider Buying: Broadmark Realty Capital Inc. (NYSE:BRMK) CEO Acquires 31,925 Shares of Stock

Broadmark Realty Capital Inc. (NYSE:BRMK – Get Rating) CEO Brian Phillip Ward bought 31,925 shares of the firm’s stock in a transaction on Tuesday, June 14th. The shares were bought at an average cost of $6.26 per share, with a total value of $199,850.50. Following the purchase, the chief executive officer now directly owns 114,748 shares in the company, valued at $718,322.48. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Shares of BRMK opened at $6.20 on Friday. The company has a market capitalization of $823.30 million, a PE ratio of 10.16 and a beta of 0.82. Broadmark Realty Capital Inc. has a one year low of $6.12 and a one year high of $11.10. The company’s fifty day moving average price is $7.61 and its 200 day moving average price is $8.53.

The company also recently announced a monthly dividend, which will be paid on Friday, July 15th. Investors of record on Thursday, June 30th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Wednesday, June 29th. This represents a $0.84 annualized dividend and a yield of 13.55%. Broadmark Realty Capital’s dividend payout ratio (DPR) is presently 137.70%.

A number of equities research analysts have issued reports on BRMK shares. Raymond James decreased their target price on shares of Broadmark Realty Capital from $12.50 to $11.00 and set an “outperform” rating for the company in a research note on Wednesday, March 2nd. Piper Sandler began coverage on shares of Broadmark Realty Capital in a report on Friday. They set a “neutral” rating and a $7.00 price target on the stock. TheStreet downgraded shares of Broadmark Realty Capital from a “c-” rating to a “d” rating in a report on Friday, May 20th. Finally, B. Riley cut their price target on shares of Broadmark Realty Capital from $12.50 to $9.00 and set a “buy” rating on the stock in a report on Wednesday.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Geode Capital Management LLC grew its position in Broadmark Realty Capital by 3.0% in the 3rd quarter. Geode Capital Management LLC now owns 2,218,781 shares of the company’s stock worth $21,877,000 after purchasing an additional 64,991 shares during the last quarter. Hsbc Holdings PLC acquired a new stake in Broadmark Realty Capital in the 3rd quarter worth $144,000. HighTower Advisors LLC grew its position in Broadmark Realty Capital by 390.0% in the 3rd quarter. HighTower Advisors LLC now owns 61,840 shares of the company’s stock worth $612,000 after purchasing an additional 49,219 shares during the last quarter. Voya Investment Management LLC grew its position in Broadmark Realty Capital by 2.7% in the 3rd quarter. Voya Investment Management LLC now owns 55,202 shares of the company’s stock worth $544,000 after purchasing an additional 1,445 shares during the last quarter. Finally, Invesco Ltd. grew its position in Broadmark Realty Capital by 4.1% in the 3rd quarter. Invesco Ltd. now owns 191,366 shares of the company’s stock worth $1,887,000 after purchasing an additional 7,605 shares during the last quarter. Hedge funds and other institutional investors 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.

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