Broadmark Realty Capital’s (BRMK) “Buy” Rating Reiterated at B. Riley


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Broadmark Realty Capital (NYSE:BRMK)‘s stock had its “buy” rating restated by B. Riley in a note issued to investors on Monday, Zacks.com reports. B. Riley also issued estimates for Broadmark Realty Capital’s Q1 2021 earnings at $0.21 EPS, Q2 2021 earnings at $0.22 EPS, Q3 2021 earnings at $0.24 EPS, Q4 2021 earnings at $0.25 EPS, FY2021 earnings at $0.92 EPS and FY2022 earnings at $1.08 EPS.

A number of other equities analysts have also weighed in on the company. BTIG Research initiated coverage on Broadmark Realty Capital in a research note on Tuesday, February 2nd. They set a “neutral” rating for the company. JMP Securities initiated coverage on Broadmark Realty Capital in a research note on Tuesday, April 13th. They issued a “market perform” rating for the company. Finally, Zacks Investment Research lowered Broadmark Realty Capital from a “buy” rating to a “hold” rating in a research note on Tuesday.

NYSE BRMK opened at $10.72 on Monday. The stock has a 50-day simple moving average of $10.51 and a two-hundred day simple moving average of $10.40. Broadmark Realty Capital has a fifty-two week low of $7.11 and a fifty-two week high of $10.96.

Broadmark Realty Capital (NYSE:BRMK) last released its quarterly earnings data on Thursday, February 25th. The company reported $0.20 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.01. Broadmark Realty Capital had a return on equity of 5.64% and a net margin of 52.94%. Analysts forecast that Broadmark Realty Capital will post 0.75 EPS for the current year.

A number of hedge funds have recently bought and sold shares of the stock. Victory Capital Management Inc. boosted its holdings in Broadmark Realty Capital by 4.2% in the 4th quarter. Victory Capital Management Inc. now owns 27,853 shares of the company’s stock worth $284,000 after buying an additional 1,132 shares during the last quarter. Advisory Services Network LLC boosted its holdings in shares of Broadmark Realty Capital by 26.8% during the 4th quarter. Advisory Services Network LLC now owns 7,112 shares of the company’s stock worth $73,000 after purchasing an additional 1,504 shares during the last quarter. Alliancebernstein L.P. boosted its holdings in shares of Broadmark Realty Capital by 1.5% during the 4th quarter. Alliancebernstein L.P. now owns 161,840 shares of the company’s stock worth $1,651,000 after purchasing an additional 2,340 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of Broadmark Realty Capital by 4.2% during the 4th quarter. The Manufacturers Life Insurance Company now owns 75,444 shares of the company’s stock worth $770,000 after purchasing an additional 3,061 shares during the last quarter. Finally, Dorsey & Whitney Trust CO LLC boosted its holdings in shares of Broadmark Realty Capital by 0.7% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 601,729 shares of the company’s stock worth $6,138,000 after purchasing an additional 4,000 shares during the last quarter. Institutional investors own 53.42% of the company’s stock.

Broadmark Realty Capital Company Profile

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

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