Zacks: Analysts Predict Broadmark Realty Capital Inc. (NYSE: BRMK) to Report EPS of $ 0.20

Analysts expect Broadmark Realty Capital Inc. (NYSE: BRMK) to post earnings of $ 0.20 per share for the current quarter, according to Zacks. Two analysts made estimates for Broadmark Realty Capital’s earnings. Broadmark Realty Capital reported earnings per share of $ 0.18 in the same quarter last year, suggesting a positive year-over-year growth rate of 11.1%. The company is expected to release its next quarterly earnings report on Monday, August 9.

On average, analysts expect Broadmark Realty Capital to report annual earnings of $ 0.84 per share for the current year, with EPS estimates ranging from $ 0.82 to $ 0.86. For the next fiscal year, analysts expect the company to post earnings of $ 1.05 per share, with EPS estimates ranging from $ 1.00 to $ 1.10. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts who cover Broadmark Realty Capital.

Broadmark Realty Capital (NYSE: BRMK) last reported its quarterly results on Sunday, May 9. The company reported earnings of $ 0.19 per share for the quarter, missing analyst consensus estimates of $ 0.20 per ($ 0.01). Broadmark Realty Capital had a net margin of 71.45% and a return on equity of 7.97%.

A number of brokerage firms have weighed on BRMK. JMP Securities began covering shares of Broadmark Realty Capital in a research report on Wednesday, April 7. They established a “market performance” rating on the stock. TheStreet downgraded Broadmark Realty Capital shares from a “d +” rating to a “c-” rating in a research report on Thursday, June 17th. B. Riley reissued a “buy” note on shares of Broadmark Realty Capital in a research report on Monday April 19. Finally, Zacks Investment Research reduced shares of Broadmark Realty Capital from a “hold” rating to a “sell” rating in a research report released on Friday, June 18. One research analyst rated the stock with a sell rating, two assigned a conservation rating, and one issued a buy rating for the stock. The company currently has a consensus rating of “Hold” and an average price target of $ 12.25.

Several large investors have recently changed their holdings of equities. BlackRock Inc. increased its stake in shares of Broadmark Realty Capital by 4.5% in the first quarter. BlackRock Inc. now owns 12,882,450 shares of the company valued at $ 134,750,000 after purchasing an additional 551,780 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Broadmark Realty Capital by 14.6% in the first quarter. Geode Capital Management LLC now owns 2,063,871 shares of the company valued at $ 21,588,000 after purchasing an additional 263,618 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new equity stake in Broadmark Realty Capital in the first quarter valued at $ 14,012,000. Credit Suisse AG increased its stake in the shares of Broadmark Realty Capital by 7.3% in the first quarter. Credit Suisse AG now owns 947,557 shares of the company worth $ 9,911,000 after purchasing an additional 64,271 shares in the last quarter. Finally, Van ECK Associates Corp increased its stake in Broadmark Realty Capital shares by 13.0% in the fourth quarter. Van ECK Associates Corp now owns 835,092 shares of the company valued at $ 8,518,000 after purchasing an additional 96,063 shares in the last quarter. Institutional investors and hedge funds hold 53.23% of the company’s shares.

BRMK stock traded down $ 0.04 during Friday’s midday session, reaching $ 10.80. 1,687,053 shares of the company were traded in the hands, compared to its average volume of 832,470. The company has a market cap of $ 1.43 billion, a P / E ratio of 16.62 and a beta of 0.78. Broadmark Realty Capital has a fifty-two week low of $ 8.72 and a fifty-two week high of $ 11.10. The 50-day simple moving average for the stock is $ 10.59.

The company also recently announced a monthly dividend, which will be paid on Thursday, July 15. Shareholders of record on Wednesday, June 30 will receive a dividend of $ 0.07 per share. The ex-dividend date for this dividend is Tuesday, June 29. This represents a dividend of $ 0.84 on an annualized basis and a dividend yield of 7.78%. Broadmark Realty Capital’s payout ratio is currently 118.31%.

Broadmark Realty Capital Company Profile

Broadmark Realty Capital Inc, together with its subsidiaries, engages in the underwriting, financing, management and management of a portfolio of short term loans and first deed of trust to finance construction, development and investment in residential or commercial properties in the United States. States. It also provides short term loans and first trust deed secured by real estate to finance construction and development, investment in residential or commercial properties.

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