Broadmark Realty Capital Inc. (NYSE:BRMK – Get Ranking) was the goal of a big drop in brief curiosity in January. As of January fifteenth, there was brief curiosity totalling 3,260,000 shares, a drop of 44.2% from the December thirty first whole of 5,840,000 shares. Based mostly on a median each day quantity of 1,600,000 shares, the days-to-cover ratio is at present 2.0 days. Presently, 2.6% of the corporate’s inventory are offered brief.
Wall Avenue Analyst Weigh In
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A number of analysis analysts lately commented on BRMK shares. Piper Sandler dropped their goal worth on shares of Broadmark Realty Capital from $5.00 to $3.75 and set an “underweight” ranking on the inventory in a report on Friday, December sixteenth. Raymond James downgraded shares of Broadmark Realty Capital from an “outperform” ranking to a “market carry out” ranking in a report on Tuesday, November eighth. TheStreet upgraded shares of Broadmark Realty Capital from a “d+” ranking to a “c-” ranking in a report on Monday, November 14th. Lastly, B. Riley downgraded shares of Broadmark Realty Capital from a “purchase” ranking to a “impartial” ranking and dropped their goal worth for the inventory from $7.50 to $5.00 in a report on Monday, November twenty first.
Broadmark Realty Capital Inventory Up 1.4 %
NYSE BRMK traded up $0.06 throughout noon buying and selling on Friday, hitting $4.38. The corporate had a buying and selling quantity of 217,763 shares, in comparison with its common quantity of 1,002,109. The inventory has a market cap of $582.20 million, a price-to-earnings ratio of 9.60 and a beta of 0.93. The agency has a fifty day easy transferring common of $3.96 and a two-hundred day easy transferring common of $5.41. Broadmark Realty Capital has a fifty-two week low of $3.52 and a fifty-two week excessive of $9.38.
Broadmark Realty Capital Publicizes Dividend
The enterprise additionally lately declared a month-to-month dividend, which might be paid on Wednesday, February fifteenth. Shareholders of report on Tuesday, January thirty first might be given a $0.035 dividend. The ex-dividend date of this dividend is Monday, January thirtieth. This represents a $0.42 annualized dividend and a yield of 9.59%. Broadmark Realty Capital’s dividend payout ratio is 93.34%.
Institutional Buying and selling of Broadmark Realty Capital
Hedge funds and different institutional traders have lately purchased and offered shares of the inventory. First Belief Advisors LP acquired a brand new stake in shares of Broadmark Realty Capital within the 1st quarter valued at $4,435,000. Lido Advisors LLC raised its holdings in Broadmark Realty Capital by 276.3% through the 1st quarter. Lido Advisors LLC now owns 527,947 shares of the corporate’s inventory price $4,566,000 after buying a further 387,665 shares over the past quarter. Nuveen Asset Administration LLC lifted its place in Broadmark Realty Capital by 65.6% through the third quarter. Nuveen Asset Administration LLC now owns 724,707 shares of the corporate’s inventory valued at $3,704,000 after buying a further 286,982 shares through the interval. Citadel Advisors LLC boosted its stake in shares of Broadmark Realty Capital by 68.7% within the 2nd quarter. Citadel Advisors LLC now owns 671,718 shares of the corporate’s inventory valued at $4,508,000 after buying a further 273,430 shares over the past quarter. Lastly, Vanguard Group Inc. grew its place in shares of Broadmark Realty Capital by 1.5% through the third quarter. Vanguard Group Inc. now owns 12,216,359 shares of the corporate’s inventory price $62,425,000 after shopping for a further 181,160 shares through the interval. 46.50% of the inventory is at present owned by institutional traders and hedge funds.
Broadmark Realty Capital Firm Profile
Broadmark Realty Capital Inc operates as a business actual property finance firm in the US. It engages in underwriting, funding, servicing, and managing a portfolio of short-term belief loans to fund the development and growth, or funding in residential or business properties. The corporate has elected to be taxed as an actual property funding belief.
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