Aviva PLC Has $2.13 Million Stock Position in Broadmark Realty Capital Inc. (NYSE:BRMK)

Posted by Defense World Staff on May 30th, 2023

Aviva PLC grew its position in Broadmark Realty Capital Inc. (NYSE:BRMK – Get Rating) by 1.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 256,627 shares of the company’s stock after purchasing an additional 3,341 shares during the quarter. Aviva PLC owned approximately 0.19% of Broadmark Realty Capital worth $2,125,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. First Trust Advisors LP bought a new position in Broadmark Realty Capital during the first quarter worth $4,435,000. Lido Advisors LLC boosted its stake in Broadmark Realty Capital by 276.3% during the first quarter. Lido Advisors LLC now owns 527,947 shares of the company’s stock worth $4,566,000 after acquiring an additional 387,665 shares in the last quarter. Nuveen Asset Management LLC boosted its stake in Broadmark Realty Capital by 65.6% during the third quarter. Nuveen Asset Management LLC now owns 724,707 shares of the company’s stock worth $3,704,000 after acquiring an additional 286,982 shares in the last quarter. Citadel Advisors LLC boosted its stake in Broadmark Realty Capital by 68.7% during the second quarter. Citadel Advisors LLC now owns 671,718 shares of the company’s stock worth $4,508,000 after acquiring an additional 273,430 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in Broadmark Realty Capital by 1.5% during the third quarter. Vanguard Group Inc. now owns 12,216,359 shares of the company’s stock worth $62,425,000 after acquiring an additional 181,160 shares in the last quarter. 46.50% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Piper Sandler upgraded shares of Broadmark Realty Capital from an “underweight” rating to a “neutral” rating and upped their price objective for the stock from $3.75 to $6.00 in a report on Tuesday, February 28th.

Broadmark Realty Capital Trading Up 2.5 %

Shares of BRMK stock opened at $4.95 on Tuesday. The firm has a 50-day moving average of $4.75 and a 200-day moving average of $4.42. Broadmark Realty Capital Inc. has a one year low of $3.52 and a one year high of $7.70.

Broadmark Realty Capital (NYSE:BRMK – Get Rating) last issued its earnings results on Monday, February 27th. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.02). The business had revenue of $21.07 million for the quarter, compared to the consensus estimate of $25.76 million. Broadmark Realty Capital had a positive return on equity of 5.69% and a negative net margin of 128.10%. During the same quarter in the prior year, the business earned $0.18 EPS. On average, sell-side analysts forecast that Broadmark Realty Capital Inc. will post 0.5 EPS for the current year.

Broadmark Realty Capital Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, May 30th. Stockholders of record on Wednesday, May 24th will be given a $0.035 dividend. The ex-dividend date of this dividend is Tuesday, May 23rd. This represents a $0.42 dividend on an annualized basis and a dividend yield of 8.48%. Broadmark Realty Capital’s dividend payout ratio (DPR) is currently -42.86%.

About Broadmark Realty Capital

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Broadmark Realty Capital Inc operates as a commercial real estate finance company in the United States. It engages in underwriting, funding, servicing, and managing a portfolio of short-term trust loans to fund the construction and development, or investment in residential or commercial properties. The company has elected to be taxed as a real estate investment trust.