Wall Street analysts expect that Broadmark Realty Capital Inc. (NASDAQ:BRMK) will report sales of $31.76 million for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Broadmark Realty Capital’s earnings. The highest sales estimate is $32.22 million and the lowest is $31.30 million. The company is scheduled to report its next earnings results on Monday, November 9th.
On average, analysts expect that Broadmark Realty Capital will report full-year sales of $126.42 million for the current year, with estimates ranging from $125.80 million to $127.04 million. For the next year, analysts anticipate that the company will post sales of $147.15 million, with estimates ranging from $142.80 million to $151.50 million. Zacks’ sales averages are an average based on a survey of research firms that cover Broadmark Realty Capital.
Broadmark Realty Capital (NASDAQ:BRMK) last announced its earnings results on Monday, August 10th. The company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.03).
Shares of BRMK stock traded up $0.22 during midday trading on Tuesday, hitting $9.88. 446,037 shares of the company were exchanged, compared to its average volume of 974,279. The firm has a market capitalization of $1.31 billion and a P/E ratio of 41.17. The firm’s 50 day moving average price is $9.87 and its two-hundred day moving average price is $8.88. Broadmark Realty Capital has a 52 week low of $5.44 and a 52 week high of $12.81.
The firm also recently disclosed a monthly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be issued a $0.06 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 7.29%. The ex-dividend date of this dividend is Tuesday, September 29th. Broadmark Realty Capital’s dividend payout ratio is currently 300.00%.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Altshuler Shaham Ltd bought a new stake in Broadmark Realty Capital in the 1st quarter valued at about $28,000. Point72 Hong Kong Ltd acquired a new position in shares of Broadmark Realty Capital in the 2nd quarter valued at approximately $53,000. Russell Investments Group Ltd. acquired a new position in shares of Broadmark Realty Capital in the 2nd quarter valued at approximately $72,000. Great West Life Assurance Co. Can acquired a new position in shares of Broadmark Realty Capital in the 2nd quarter valued at approximately $85,000. Finally, US Bancorp DE acquired a new position in shares of Broadmark Realty Capital in the 2nd quarter valued at approximately $89,000.
About Broadmark Realty Capital
Broadmark Realty Capital Inc provides short-term and first deed of trust loans secured by real estate to fund the acquisition, renovation, rehabilitation, and development of residential and commercial properties in the United States. The company has elected to be taxed as a real estate investment trust.
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