Cubist Systematic Strategies LLC Has $582,000 Position in Broadmark Realty Capital Inc. (NYSE:BRMK)

Cubist Systematic Strategies LLC raised its holdings in Broadmark Realty Capital Inc. (NYSE:BRMK – Get Rating) by 211.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 113,864 shares of the company’s stock after buying an additional 77,349 shares during the period. Cubist Systematic Strategies LLC owned 0.09% of Broadmark Realty Capital worth $582,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. EdgeRock Capital LLC bought a new position in shares of Broadmark Realty Capital in the 3rd quarter valued at about $38,000. First Republic Investment Management Inc. bought a new position in shares of Broadmark Realty Capital in the 3rd quarter valued at about $53,000. Boothbay Fund Management LLC bought a new stake in shares of Broadmark Realty Capital during the 3rd quarter worth about $66,000. Boston Financial Mangement LLC bought a new stake in shares of Broadmark Realty Capital during the 3rd quarter worth about $79,000. Finally, Abacus Planning Group Inc. bought a new stake in shares of Broadmark Realty Capital during the 3rd quarter worth about $83,000. Institutional investors own 46.50% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on BRMK shares. TheStreet raised shares of Broadmark Realty Capital from a “d+” rating to a “c-” rating in a report on Monday, November 14th. Piper Sandler raised shares of Broadmark Realty Capital from an “underweight” rating to a “neutral” rating and lifted their target price for the stock from $3.75 to $6.00 in a report on Tuesday, February 28th. Finally, B. Riley downgraded shares of Broadmark Realty Capital from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $7.50 to $5.00 in a report on Monday, November 21st.

Broadmark Realty Capital Stock Down 5.0 %

NYSE BRMK opened at $4.71 on Monday. The company has a market capitalization of $620.54 million, a P/E ratio of -5.41 and a beta of 0.95. Broadmark Realty Capital Inc. has a 12-month low of $3.52 and a 12-month high of $8.91. The firm has a 50-day moving average price of $4.37 and a two-hundred day moving average price of $4.83.

Broadmark Realty Capital (NYSE:BRMK – Get Rating) last posted its quarterly earnings data on Monday, February 27th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.02). The business had revenue of $21.07 million during the quarter, compared to the consensus estimate of $25.76 million. Broadmark Realty Capital had a negative net margin of 109.20% and a positive return on equity of 6.13%. During the same period in the prior year, the firm earned $0.18 EPS. Equities analysts expect that Broadmark Realty Capital Inc. will post 0.42 EPS for the current year.

Broadmark Realty Capital Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, March 15th. Shareholders of record on Tuesday, February 28th will be issued a $0.035 dividend. This represents a $0.42 dividend on an annualized basis and a yield of 8.92%. The ex-dividend date is Monday, February 27th. Broadmark Realty Capital’s dividend payout ratio is currently -48.28%.

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.