Broadmark Realty Capital (NYSE:BRMK – Get Rating) was downgraded by Raymond James from an “outperform” rating to a “market perform” rating in a research report issued to clients and investors on Tuesday, MarketBeat.com reports.
A number of other research firms also recently weighed in on BRMK. B. Riley decreased their target price on shares of Broadmark Realty Capital from $9.00 to $7.50 and set a “buy” rating for the company in a research report on Tuesday, October 25th. Piper Sandler decreased their target price on shares of Broadmark Realty Capital from $7.00 to $5.50 and set an “underweight” rating for the company in a research report on Monday, October 3rd.
Broadmark Realty Capital Price Performance
Broadmark Realty Capital stock opened at $4.92 on Tuesday. The business has a 50 day moving average of $5.71 and a 200-day moving average of $6.64. Broadmark Realty Capital has a 1 year low of $4.55 and a 1 year high of $10.39. The company has a market capitalization of $653.72 million, a P/E ratio of 10.93 and a beta of 1.01.
Hedge Funds Weigh In On Broadmark Realty Capital
Institutional investors and hedge funds have recently modified their holdings of the business. Signaturefd LLC boosted its holdings in shares of Broadmark Realty Capital by 559.8% during the 1st quarter. Signaturefd LLC now owns 3,385 shares of the company’s stock worth $29,000 after buying an additional 2,872 shares in the last quarter. CWM LLC lifted its holdings in shares of Broadmark Realty Capital by 397.6% in the 1st quarter. CWM LLC now owns 3,916 shares of the company’s stock worth $34,000 after purchasing an additional 3,129 shares in the last quarter. EdgeRock Capital LLC bought a new position in shares of Broadmark Realty Capital in the 3rd quarter worth $38,000. First Republic Investment Management Inc. bought a new position in shares of Broadmark Realty Capital in the 3rd quarter worth $53,000. Finally, AE Wealth Management LLC bought a new position in shares of Broadmark Realty Capital in the 2nd quarter worth $83,000. 45.99% of the stock is currently owned by institutional investors.
About Broadmark Realty Capital
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.
- Get a free copy of the StockNews.com research report on Broadmark Realty Capital (BRMK)
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