Broadmark Realty Capital (NASDAQ:BRMK) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Friday, Zacks.com reports.

According to Zacks, “Broadmark Realty Capital Inc. is a real estate investment trust. It engages in acquisition, renovation, rehabilitation and development of residential and commercial properties. Broadmark Realty Capital Inc., formerly known as Trinity Merger Corp., is based in Seattle, Washington. “

A number of other equities research analysts have also recently weighed in on BRMK. Raymond James started coverage on shares of Broadmark Realty Capital in a research report on Friday, November 22nd. They issued an “outperform” rating and a $12.00 price target for the company. B. Riley reaffirmed a “buy” rating and issued a $13.00 target price on shares of Broadmark Realty Capital in a report on Monday, December 9th.

BRMK traded down $0.02 on Friday, reaching $12.69. The company had a trading volume of 316,721 shares, compared to its average volume of 766,123. Broadmark Realty Capital has a 1 year low of $10.77 and a 1 year high of $12.81. The company has a market cap of $1.68 billion and a PE ratio of 52.88. The stock’s 50-day simple moving average is $12.54.

Several large investors have recently made changes to their positions in the company. SCS Capital Management LLC purchased a new stake in shares of Broadmark Realty Capital in the fourth quarter valued at about $140,744,000. FMR LLC purchased a new stake in shares of Broadmark Realty Capital in the fourth quarter valued at about $26,775,000. Verde Capital Management purchased a new stake in shares of Broadmark Realty Capital in the fourth quarter valued at about $16,311,000. Dorsey & Whitney Trust CO LLC purchased a new stake in shares of Broadmark Realty Capital in the fourth quarter valued at about $6,795,000. Finally, Boston Private Wealth LLC purchased a new stake in shares of Broadmark Realty Capital in the fourth quarter valued at about $6,163,000.

Broadmark Realty Capital Company Profile

Broadmark Realty Capital Inc provides short-term and first deed of trust loans secured by real estate to fund the acquisition, renovation, rehabilitation, and development of residential and commercial properties in the United States. The company has elected to be taxed as a real estate investment trust.

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