Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Broadmark Realty Capital Inc. (NYSE:BRMK – Get Rating) by 13.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,414,023 shares of the company's stock after purchasing an additional 163,520 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in Broadmark Realty Capital were worth $12,231,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of the business. Teacher Retirement System of Texas raised its position in shares of Broadmark Realty Capital by 6.5% during the first quarter. Teacher Retirement System of Texas now owns 25,916 shares of the company's stock worth $224,000 after purchasing an additional 1,587 shares during the period. Bridgewater Advisors Inc. raised its position in shares of Broadmark Realty Capital by 2.4% during the first quarter. Bridgewater Advisors Inc. now owns 71,410 shares of the company's stock worth $618,000 after purchasing an additional 1,701 shares during the period. B. Riley Wealth Management Inc. raised its position in shares of Broadmark Realty Capital by 12.0% during the first quarter. B. Riley Wealth Management Inc. now owns 22,822 shares of the company's stock worth $197,000 after purchasing an additional 2,450 shares during the period. ETF Store Inc. grew its holdings in shares of Broadmark Realty Capital by 9.5% during the first quarter. ETF Store Inc. now owns 28,465 shares of the company's stock worth $227,000 after buying an additional 2,473 shares in the last quarter. Finally, Riverview Trust Co bought a new position in shares of Broadmark Realty Capital during the first quarter worth about $25,000. Institutional investors and hedge funds own 45.99% of the company's stock.
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BRMK stock opened at $6.38 on Tuesday. The business has a 50 day moving average price of $6.86 and a two-hundred day moving average price of $7.39. The company has a market cap of $847.69 million, a price-to-earnings ratio of 10.81 and a beta of 0.90. Broadmark Realty Capital Inc. has a twelve month low of $6.11 and a twelve month high of $10.49.
Broadmark Realty Capital (NYSE:BRMK – Get Rating) last posted its quarterly earnings results on Monday, August 8th. The company reported $0.16 earnings per share for the quarter, missing analysts' consensus estimates of $0.17 by ($0.01). Broadmark Realty Capital had a net margin of 64.74% and a return on equity of 7.63%. During the same period in the prior year, the company earned $0.17 earnings per share. On average, equities research analysts anticipate that Broadmark Realty Capital Inc. will post 0.65 EPS for the current fiscal year.Broadmark Realty Capital Dividend Announcement
The business also recently declared a monthly dividend, which will be paid on Monday, October 17th. Shareholders of record on Friday, September 30th will be paid a $0.07 dividend. The ex-dividend date is Thursday, September 29th. This represents a $0.84 dividend on an annualized basis and a yield of 13.17%. Broadmark Realty Capital's dividend payout ratio is 142.37%.
Analysts Set New Price Targets
A number of research analysts recently issued reports on BRMK shares. Piper Sandler downgraded Broadmark Realty Capital from a "neutral" rating to an "underweight" rating and set a $7.00 price objective for the company. in a report on Tuesday, August 9th. B. Riley decreased their price objective on Broadmark Realty Capital from $12.50 to $9.00 and set a "buy" rating for the company in a report on Wednesday, June 15th.
Broadmark Realty Capital Company Profile
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Broadmark Realty Capital Inc operates as a commercial real estate finance company in the United States. It engages in underwriting, funding, servicing, and managing a portfolio of short-term trust loans to fund the construction and development, or investment in residential or commercial properties. The company has elected to be taxed as a real estate investment trust.
Further Reading
- Get a free copy of the StockNews.com research report on Broadmark Realty Capital (BRMK)
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