Two Sigma Investments LP Makes New Investment in Broadmark Realty Capital Inc. (NASDAQ:BRMK)

Two Sigma Investments LP bought a new stake in Broadmark Realty Capital Inc. (NASDAQ:BRMK) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 19,893 shares of the company’s stock, valued at approximately $150,000.

Several other institutional investors have also modified their holdings of the company. Altshuler Shaham Ltd purchased a new stake in shares of Broadmark Realty Capital in the first quarter worth approximately $28,000. Victory Capital Management Inc. acquired a new position in Broadmark Realty Capital in the 4th quarter valued at approximately $73,000. Western Wealth Management LLC purchased a new stake in Broadmark Realty Capital in the 1st quarter worth approximately $79,000. Bank of America Corp DE acquired a new stake in shares of Broadmark Realty Capital during the 4th quarter valued at $84,000. Finally, Dynamic Advisor Solutions LLC purchased a new position in shares of Broadmark Realty Capital during the 1st quarter valued at $94,000.

BRMK stock opened at $9.61 on Wednesday. The firm has a market cap of $1.21 billion and a PE ratio of 40.04. Broadmark Realty Capital Inc. has a 1 year low of $5.44 and a 1 year high of $12.81. The company has a fifty day simple moving average of $8.96 and a 200 day simple moving average of $10.05.

Broadmark Realty Capital (NASDAQ:BRMK) last released its quarterly earnings results on Monday, May 11th. The company reported $0.21 EPS for the quarter, missing the Zacks’ consensus estimate of $0.24 by ($0.03). The firm had revenue of $31.77 million for the quarter, compared to the consensus estimate of $37.73 million.

The business also recently announced a monthly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be given a dividend of $0.06 per share. This represents a $0.72 dividend on an annualized basis and a yield of 7.49%. The ex-dividend date is Monday, June 29th. Broadmark Realty Capital’s dividend payout ratio (DPR) is currently 300.00%.

BRMK has been the subject of a number of research reports. Zacks Investment Research cut Broadmark Realty Capital from a “hold” rating to a “sell” rating in a research report on Thursday, May 14th. Raymond James lowered their price target on Broadmark Realty Capital from $12.00 to $11.00 and set an “outperform” rating for the company in a research note on Monday, April 13th. Finally, B. Riley dropped their price objective on Broadmark Realty Capital from $13.00 to $11.00 and set a “buy” rating on the stock in a report on Tuesday, April 14th.

Broadmark Realty Capital Profile

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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Institutional Ownership by Quarter for Broadmark Realty Capital (NASDAQ:BRMK)

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