Wall Street brokerages expect Broadmark Realty Capital Inc. (NYSE:BRMK) to report revenue of $33.18 million for the current quarter, according to Zacks. Two analysts released earnings estimates for Broadmark Realty Capital. The lowest sales estimate is $32.00 million and the highest is $34.36 million. Broadmark Realty Capital reported sales of $32.54 million in the same quarter last year, which would indicate a positive growth rate of 2% year over year. The company is expected to release its next results after the market closes on Monday, February 28.
On average, analysts expect Broadmark Realty Capital to report full-year sales of $122.45 million in the current fiscal year, with estimates ranging from $121.30 million to $123.60 million. of dollars. For next year, analysts expect the company to post sales of $151.64 million, with estimates ranging from $139.30 million to $163.98 million. Zacks Investment Research’s sell calculations are an average average based on a survey of sell-side analysts who follow Broadmark Realty Capital.
Separately, Zacks Investment Research downgraded Broadmark Realty Capital from a “buy” rating to a “hold” rating in a Tuesday, February 8 research report.
Several institutional investors and hedge funds have recently changed their holdings in the company. Advisory Services Network LLC acquired a new position in Broadmark Realty Capital during Q2 worth approximately $44,000. CIBC Asset Management Inc. acquired a new position in Broadmark Realty Capital during Q4 valued at approximately $104,000. Price T Rowe Associates Inc. MD acquired a new position in Broadmark Realty Capital during Q2 valued at approximately $118,000. Commonwealth Equity Services LLC increased its position in Broadmark Realty Capital by 17.4% during the second quarter. Commonwealth Equity Services LLC now owns 13,246 shares of the company valued at $140,000 after purchasing an additional 1,966 shares during the period. Finally, Hsbc Holdings PLC acquired a new position in Broadmark Realty Capital during Q3 valued at approximately $144,000. Institutional investors hold 49.26% of the company’s shares.
Shares of NYSE BRMK opened at $8.98 on Friday. Broadmark Realty Capital has a fifty-two week low of $8.85 and a fifty-two week high of $11.10. The company has a 50-day moving average price of $9.38 and a two-hundred-day moving average price of $9.88. The company has a market capitalization of $1.19 billion, a PE ratio of 14.48 and a beta of 0.79.
The company also recently announced a monthly dividend, which will be paid on Tuesday, March 15. Shareholders of record on Monday, February 28 will receive a dividend of $0.07. The ex-dividend date is Friday, February 25. This represents an annualized dividend of $0.84 and a dividend yield of 9.35%. Broadmark Realty Capital’s payout ratio is 135.48%.
About Broadmark Realty Capital
Broadmark Realty Capital Inc, together with its subsidiaries, engages in the underwriting, financing, servicing and management of a portfolio of short-term loans and first indenture to finance the construction, development and investment in residential or commercial properties in the United States. states. It also provides short-term loans and first deeds of trust secured by real estate to finance construction and development, investment in residential or commercial properties.
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