Earnings per share of $ 0.20 for Broadmark Realty Capital Inc. (NYSE: BRMK) expected this quarter
Analysts predict that Broadmark Realty Capital Inc. (NYSE: BRMK) will announce earnings per share (EPS) of $ 0.20 for the current fiscal year, according to Zacks. Two analysts have estimated Broadmark Realty Capital’s earnings. The lowest EPS estimate is $ 0.18 and the highest is $ 0.21. Broadmark Realty Capital posted earnings of $ 0.18 per share for the year-ago quarter, indicating a positive growth rate of 11.1% year over year. The company is expected to release its next earnings report on Monday, November 8th.
On average, analysts expect Broadmark Realty Capital to post annual earnings of $ 0.76 per share for the current fiscal year, with EPS estimates ranging between $ 0.73 and $ 0.79. For the next fiscal year, analysts expect the company to post earnings of $ 0.97 per share, with EPS estimates ranging between $ 0.84 and $ 1.10. Zacks’ average earnings per share is an average based on a survey of sell-side analysts covering Broadmark Realty Capital.
Broadmark Realty Capital (NYSE: BRMK) last released its quarterly earnings data on Sunday, August 8th. The company reported $ 0.18 EPS for the quarter, missing the Thomson Reuters consensus estimate of $ 0.20 by ($ 0.02). Broadmark Realty Capital had a net margin of 70.13% and a return on equity of 8.01%.
A number of analysts recently looked at the stock. TheStreet upgraded Broadmark Realty Capital on Thursday 17th. Zacks Investment Research upgraded Broadmark Realty Capital from a “sell” to a “hold” in a research release on Tuesday, August 10th – Rating raised. Three analysts have given the stock a hold rating and one has given the company’s stock a buy rating. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $ 12.25.
Several hedge funds and other institutional investors recently changed their holdings in the stock. The New York State Common Retirement Fund increased its holdings of Broadmark Realty Capital stock by 1.0% in the second quarter. The New York State Common Retirement Fund now owns 109,041 shares of the company valued at $ 1,155,000 after purchasing an additional 1,041 shares during the period. Atom Investors LP increased its stake in Broadmark Realty Capital by 6.4% in the second quarter. Atom Investors LP now owns 20,455 shares in the company valued at $ 217,000 after purchasing an additional 1,232 shares during the reporting period. FORA Capital LLC increased its stake in Broadmark Realty Capital by 60.7% in the first quarter. FORA Capital LLC now owns 3,881 shares in the company valued at $ 41,000 after purchasing an additional 1,466 shares during the reporting period. Principal Financial Group Inc. increased its stake in Broadmark Realty Capital by 11.5% in the second quarter. Principal Financial Group Inc. now owns 14,800 shares in the company valued at $ 157,000 after purchasing an additional 1,525 shares during the period. Finally, Mariner LLC increased its stake in Broadmark Realty Capital by 3.2% in the second quarter. Mariner LLC now owns 49,161 shares in the company valued at $ 521,000 after purchasing an additional 1,526 shares during the period. 50.48% of the shares are owned by hedge funds and other institutional investors.
NYSE BRMK rose $ 0.14 on Friday to hit $ 10.00. 715,452 shares of the company’s shares were traded in the hands, compared to an average volume of 799,323. The company has a market cap of $ 1.33 billion, a P / E of 15.63, and a beta of 0.78. Broadmark Realty Capital has a 1-year low of $ 9.67 and a 1-year high of $ 11.10. The company’s 50-day moving average price is $ 10.38 and the company’s 200-day moving average price is $ 10.49.
The company also recently announced a monthly dividend, which will be paid on Friday, October 15th. Shareholders of record on Thursday September 30th will receive a dividend of $ 0.07 per share. The ex-dividend date is Wednesday, September 29th. This equates to an annual dividend of $ 0.84 and a dividend yield of 8.40%. Broadmark Realty Capital’s dividend payout ratio (DPR) is currently 118.31%.
About Broadmark Realty Capital
Broadmark Realty Capital Inc., together with its subsidiaries, engages in the underwriting, financing, servicing and administration of a portfolio of short-term and initial trust loans to finance construction, development and investment in residential or commercial real estate in the United States. It also offers short term and real estate backed trust loans to finance construction and development, investments in residential or commercial real estate.
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