Stocks of Broadmark Realty Capital Inc. (BRMK) are poised to climb above their peers

Broadmark Realty Capital Inc. (NYSE: BRMK) stock fell -0.47% on Wednesday to $4.20 against a previous-day closing price of $4.22. With 1.45 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.28 million shares. During the session, the REIT – Mortgage company that operates in wider Real Estate sector, reached to the highest price of $4.2204 whereas the lowest price it dropped to was $4.1538. The 52-week range on BRMK shows that it touched its highest point at $9.87 and its lowest point at $4.16 during that stretch. It currently has a 1-year price target of $6.50. With its current market cap of 560.83 million, BRMK has annualized dividend of $0.42 while the current yield stands at 10.00%. Beta for the stock currently stands at 0.99.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of BRMK was down-trending over the past week, with a drop of -9.29%, but this was down by -25.80% over a month. Three-month performance dropped to -40.59% while six-month performance fell -42.62%. The stock lost -57.19% in the past year, while it has lost -55.46% so far this year. A look at the trailing 12-month EPS for BRMK yields 0.44 with Next year EPS estimates of 0.63. For the next quarter, that number is 0.15. This implies an EPS growth rate of -8.90% for this year and 4.85% for next year.

Float and Shares Shorts:

At present, 132.88 million BRMK shares are outstanding with a float of 127.27 million shares on hand for trading. On Oct 13, 2022, short shares totaled 5.36 million, which was 4.03% higher than short shares on Sep 14, 2022. In addition to Mr. Jeffrey B. Pyatt as the firm’s Exec. Chairman, Mr. David Schneider serves as its CFO & Treasurer.


Institutional Ownership:

Through their ownership of 46.90% of BRMK’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 4.92% of BRMK, in contrast to 24.89% held by mutual funds. Shares owned by individuals account for 22.29%. As the largest shareholder in BRMK with 9.05% of the stake, The Vanguard Group, Inc. holds 12,018,950 shares worth 12,018,950. A second-largest stockholder of BRMK, BlackRock Fund Advisors, holds 9,859,392 shares, controlling over 7.42% of the firm’s shares. Farallon Capital Management LLC is the third largest shareholder in BRMK, holding 4,850,000 shares or 3.65% stake. With a 2.94% stake in BRMK, the Vanguard Total Stock Market Index is the largest stakeholder. A total of 3,911,712 shares are owned by the mutual fund manager. The Vanguard Small Cap Index Fund, which owns about 2.46% of BRMK stock, is the second-largest Mutual Fund holder. It holds 3,262,983 shares valued at 18.99 million. iShares Russell 2000 ETF holds 2.17% of the stake in BRMK, owning 2,878,146 shares worth 16.75 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for BRMK since 5 analysts follow the stock currently. There are 0 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 4 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With BRMK analysts setting a high price target of $5.00 and a low target of $5.00, the average target price over the next 12 months is $5.00. Based on these targets, BRMK could surge 19.05% to reach the target high and rise by 19.05% to reach the target low. Reaching the average price target will result in a growth of 19.05% from current levels.


EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. BRMK will report FY 2022 earnings on 03/16/2023. Analysts have provided yearly estimates in a range of $0.66 being high and $0.54 being low. For BRMK, this leads to a yearly average estimate of $0.58. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Broadmark Realty Capital Inc. surprised analysts by -$0.04 when it reported $0.12 EPS against a consensus estimate of $0.16. The surprise factor in the prior quarter was -$0.01. Based on analyst estimates, the high estimate for the next quarter is $0.17 and the low estimate is $0.11. The average estimate for the next quarter is thus $0.14.

Summary of Insider Activity:

Insiders traded BRMK stock several times over the past three months with 0 Buys and 1 Sells. In these transactions, 0 shares were bought while 4,490 shares were sold. The number of buy transactions has increased to 14 while that of sell transactions has risen to 12 over the past year. The total number of shares bought during that period was 332,311 while 42,074 shares were sold.

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