Broadmark Realty Capital Inc. (BRMK): Street Finally Waking Up

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    SCS Capital Management LLC recently announced the acquisition of new stake in Broadmark Realty Capital Inc. (NYSE:BRMK). The institutional investor has increased its shareholding in the Real Estate company by 12.13% to 12.38 million shares with purchase of 1.34 million shares. This fresh investment now brings its stake to 9.37% valued currently at $108.18 million. In addition, The Vanguard Group, Inc. raised its holdings by 0.25 million to 9.1 million shares. And Cerity Partners LLC has lifted its position by 4.93% or 0.22 million shares – to 4.77 million shares.

    With over 1.34 million Broadmark Realty Capital Inc. (BRMK) shares trading Monday and a closing price of $9.24 on the day, the dollar volume was approximately $12.4 million. The shares have shown a positive weekly performance of 1.54% and its price on 07/06/20 lost nearly -1.07%. Currently, there are 132.11M common shares owned by the public and among those 121.51M shares have been available to trade.

    An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 2 analysts who have offered their price forecasts for BRMK have a consensus price objective of $11.00. The analysts have set the share’s price value over the next 12 months at a high of $11.00 and a low of $11.00 should the stock experience a downside. Incidentally, analysts’ outlook for the Broadmark Realty Capital Inc. stock is 2.00 for the next 12 months. The average price target is 16.0% above its last price level and an upside to the estimated low will see the stock gain 16.0% over that period. But an upside of 16.0% will see the stock hit the forecast high price target while mean target price for the stock is $11.00.

    Insiders at the company have transacted a total of 25 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 25 of these insider trades were purchases, accounting for 444,054 shares. Insider sales of the common stock occurred on 0 occasions, with total insider shares sold totaling 0 shares.

    The top 3 mutual fund holders in Broadmark Realty Capital Inc. are Vanguard Total Stock Market Index, Vanguard Small Cap Index Fund, and Fidelity Real Estate Income Fund. Vanguard Total Stock Market Index owns 3.56 million shares of the company’s stock, all valued at over $31.15 million. The company sold 25004.0 shares recently to bring their total holdings to about 2.70% of the shares outstanding. Vanguard Small Cap Index Fund sold 38955.0 shares to see its total holdings shrink to 3.24 million shares valued at over $28.33 million and representing 2.45% of the shares outstanding. Fidelity Real Estate Income Fund has total holdings to over 1.83 million shares at a value of $15.97 million. Fidelity Real Estate Income Fund now owns shares totaling to 1.38% of the shares outstanding.

    Shares of Broadmark Realty Capital Inc. (NYSE: BRMK) opened at $9.43, up $0.09 from a prior closing price of $9.34. However, the script later closed the day at $9.24, down -1.07%. The company’s stock has a 5-day price change of 1.54% and 37.70% over the past three months. BRMK shares are trading -27.53% year to date (YTD), with the 12-month market performance down to -10.47% lower. It has a 12-month low price of $5.44 and touched a high of $12.81 over the same period. Currently, 1.34 million shares have been traded, compared to an average intraday trading volume of 1.31 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -5.26%, 4.88%, and -9.39% respectively.

    Institutional ownership of Broadmark Realty Capital Inc. (NYSE: BRMK) shares accounts for 45.80% of the company’s 132.11M shares outstanding. Mutual fund holders own 35.18%, while other institutional holders and individual stakeholders account for 9.86% and 3.72% respectively.

    It has a market capitalization of $1.23B . The stock’s trailing 12-month PE ratio is 12.44, while the earnings-per-share (ttm) stands at $0.74. The company has a debt-to-equity ratio of 0.01. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.87% over the week and 5.02% over the month.

    Analysts forecast that Broadmark Realty Capital Inc. (BRMK) will achieve an EPS of $0.23 for the current quarter, $0.24 for the next quarter and $1.15 for 2021. The lowest estimate earnings-per-share for the quarter is $0.21 while analysts give the company a high EPS estimate of $0.26. Earnings per share for the fiscal year are expected to increase by 678.60%, and 20.42% over the next financial year.

    If you are looking to buy this stock, then you may note that the average analyst recommendation by several brokerage firm advisors rate Broadmark Realty Capital Inc. (BRMK) as a “Moderate Buy” at a consensus score of 2.00.

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