Great West Life Assurance Co. Can reduced its position in shares of Broadmark Realty Capital Inc. (NYSE:BRMK) by 24.9% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 6,784 shares of the company’s stock after selling 2,244 shares during the quarter. Great West Life Assurance Co. Can’s holdings in Broadmark Realty Capital were worth $72,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in BRMK. Sandy Spring Bank purchased a new position in shares of Broadmark Realty Capital during the 2nd quarter valued at about $27,000. FORA Capital LLC lifted its holdings in Broadmark Realty Capital by 60.7% in the 1st quarter. FORA Capital LLC now owns 3,881 shares of the company’s stock worth $41,000 after purchasing an additional 1,466 shares in the last quarter. Eaton Vance Management purchased a new position in Broadmark Realty Capital in the 1st quarter worth approximately $93,000. Wedbush Securities Inc. purchased a new position in Broadmark Realty Capital in the 2nd quarter worth approximately $111,000. Finally, Advisor Group Holdings Inc. lifted its holdings in Broadmark Realty Capital by 73.5% in the 2nd quarter. Advisor Group Holdings Inc. now owns 11,448 shares of the company’s stock worth $121,000 after purchasing an additional 4,848 shares in the last quarter. Institutional investors and hedge funds own 50.48% of the company’s stock.
A number of research analysts recently commented on BRMK shares. TheStreet raised Broadmark Realty Capital from a “d+” rating to a “c-” rating in a report on Thursday, June 17th. Zacks Investment Research raised Broadmark Realty Capital from a “sell” rating to a “hold” rating in a report on Tuesday, August 10th. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $12.25.
Broadmark Realty Capital (NYSE:BRMK) last issued its quarterly earnings data on Sunday, August 8th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.02). Broadmark Realty Capital had a return on equity of 8.01% and a net margin of 70.13%. As a group, analysts expect that Broadmark Realty Capital Inc. will post 0.76 earnings per share for the current year.
The company also recently disclosed a monthly dividend, which will be paid on Friday, October 15th. Stockholders of record on Thursday, September 30th will be issued a dividend of $0.07 per share. The ex-dividend date is Wednesday, September 29th. This represents a $0.84 annualized dividend and a dividend yield of 8.42%. Broadmark Realty Capital’s dividend payout ratio (DPR) is 118.31%.
Broadmark Realty Capital 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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