Two Sigma Investments LP Acquires Shares of 19,893 Broadmark Realty Capital Inc. (NASDAQ:BRMK)

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Two Sigma Investments LP bought a new position in shares of Broadmark Realty Capital Inc. (NASDAQ:BRMK) in the first quarter, Holdings Channel reports. The fund bought 19,893 shares of the company’s stock, valued at approximately $150,000.

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

Shares of Broadmark Realty Capital stock opened at $9.61 on Wednesday. The company has a market cap of $1.21 billion and a PE ratio of 40.04. The company has a 50 day moving average of $8.96 and a 200-day moving average of $10.05. Broadmark Realty Capital Inc. has a 1-year low of $5.44 and a 1-year high of $12.81.

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

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

Several equities research analysts recently issued reports on BRMK shares. Raymond James cut 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. B. Riley dropped their price objective on Broadmark Realty Capital from $13.00 to $11.00 and set a “buy” rating for the company in a report on Tuesday, April 14th. Finally, Zacks Investment Research lowered Broadmark Realty Capital from a “hold” rating to a “sell” rating in a report on Thursday, May 14th.

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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Want to see what other hedge funds are holding BRMK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Broadmark Realty Capital Inc. (NASDAQ:BRMK).

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

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