ProShare Advisors LLC Has $60,000 Stock Holdings in Broadmark Realty Capital Inc. (NYSE:BRMK)

ProShare Advisors LLC raised its stake in Broadmark Realty Capital Inc. (NYSE:BRMK – Get Rating) by 16.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 16,756 shares of the company’s stock after buying an additional 2,401 shares during the quarter. ProShare Advisors LLC’s holdings in Broadmark Realty Capital were worth $60,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Royal Bank of Canada increased its stake in Broadmark Realty Capital by 218.7% in the 3rd quarter. Royal Bank of Canada now owns 7,944 shares of the company’s stock valued at $40,000 after buying an additional 5,451 shares during the period. Bank of Montreal Can acquired a new position in shares of Broadmark Realty Capital during the 4th quarter worth $36,000. First Republic Investment Management Inc. acquired a new position in shares of Broadmark Realty Capital during the 3rd quarter worth $53,000. Boothbay Fund Management LLC acquired a new position in shares of Broadmark Realty Capital during the 3rd quarter worth $66,000. Finally, B. Riley Wealth Advisors Inc. acquired a new position in shares of Broadmark Realty Capital during the 3rd quarter worth $68,000. Institutional investors and hedge funds own 46.50% of the company’s stock.

Broadmark Realty Capital Trading Up 0.6 %

NYSE:BRMK opened at $4.88 on Tuesday. Broadmark Realty Capital Inc. has a 1 year low of $3.52 and a 1 year high of $7.85. The firm’s fifty day simple moving average is $4.73 and its 200 day simple moving average is $4.49. The firm has a market capitalization of $642.94 million, a PE ratio of -5.61 and a beta of 0.94.

Broadmark Realty Capital (NYSE:BRMK – Get Rating) last posted its earnings results 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). Broadmark Realty Capital had a negative net margin of 109.20% and a positive return on equity of 6.13%. The firm had revenue of $21.07 million during the quarter, compared to analyst estimates of $25.76 million. During the same quarter in the previous year, the business posted $0.18 earnings per share. As a group, analysts anticipate that Broadmark Realty Capital Inc. will post 0.5 EPS for the current fiscal year.

Broadmark Realty Capital Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, May 15th. Investors of record on Friday, April 28th will be paid a $0.035 dividend. The ex-dividend date is Thursday, April 27th. This represents a $0.42 dividend on an annualized basis and a yield of 8.61%. Broadmark Realty Capital’s payout ratio is presently -48.28%.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler upgraded shares of Broadmark Realty Capital from an “underweight” rating to a “neutral” rating and increased their price target for the stock from $3.75 to $6.00 in a research note on Tuesday, February 28th.

Broadmark Realty Capital Profile

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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.