Broadmark Realty Capital (NYSE:BRMK) Rating Lowered to Market Perform at Raymond James

Broadmark Realty Capital (NYSE:BRMKGet 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.

Broadmark Realty Capital (NYSE:BRMKGet Rating) last released its earnings results on Monday, August 8th. The company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.01). Broadmark Realty Capital had a net margin of 50.34% and a return on equity of 6.81%. During the same quarter last year, the company posted $0.17 EPS. Equities analysts anticipate that Broadmark Realty Capital will post 0.61 EPS for the current year.

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

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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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