Broadmark Realty Capital said on April 17, 2023 that its board of directors declared a regular
monthly dividend of $0.04 per share ($0.42 annualized).
Previously, the company paid $0.04 per share.
Shares must be purchased before the ex-div date of April 27, 2023 to qualify for the dividend.
Shareholders of record as of April 28, 2023
will receive the payment on May 15, 2023.
At the current share price of $4.71 / share,
the stock’s dividend yield is 8.92%.
Looking back five years and taking a sample every week, the average dividend yield has been
9.44%,
the lowest has been 6.94%,
and the highest has been 21.99%.
The standard deviation of yields is 3.07 (n=161).
The current dividend yield is
0.17 standard deviations
below
the historical average.
Additionally, the company’s dividend payout ratio is -0.48.
The payout ratio tells us how much of a company’s income is paid out in dividends. A payout ratio of one (1.0)
means 100% of the company’s income is paid in a dividend.
A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend – not a
healthy situation.
Companies with few growth prospects are expected to pay out most of their income in dividends, which typically
means a payout ratio between 0.5 and 1.0.
Companies with good growth prospects are expected to retain some earnings in order to invest
in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company’s 3-Year dividend growth rate is -0.42%.
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What is the Fund Sentiment?
There are 291 funds or institutions reporting positions in Broadmark Realty Capital.
This is an increase
of
2
owner(s) or 0.69% in the last quarter.
Average portfolio weight of all funds dedicated to BRMK is 0.06%,
a decrease
of 38.03%.
Total shares owned by institutions decreased
in the last three months by 4.64% to 61,850K shares.
The put/call ratio of BRMK is 0.66, indicating a
bullish
outlook.
Analyst Price Forecast Suggests 127.39% Upside
As of April 6, 2023,
the average one-year price target for Broadmark Realty Capital is $10.71.
The forecasts range from a low of $5.05 to a high of $16.80.
The average price target represents an increase of 127.39% from its latest reported closing price of $4.71.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Broadmark Realty Capital
is $111MM, an increase of 79.51%.
The projected annual non-GAAP EPS
is $0.54.
What are Other Shareholders Doing?
FNDB – Schwab Fundamental U.S. Broad Market Index ETF
holds 1K shares
representing 0.00% ownership of the company.
In it’s prior filing, the firm reported owning 1K shares, representing
an increase
of 36.73%.
The firm
decreased
its portfolio allocation in BRMK by 6.93% over the last quarter.
FSSNX – Fidelity Small Cap Index Fund
holds 1,122K shares
representing 0.85% ownership of the company.
In it’s prior filing, the firm reported owning 1,084K shares, representing
an increase
of 3.34%.
The firm
decreased
its portfolio allocation in BRMK by 28.71% over the last quarter.
MDIV – Multi-Asset Diversified Income Index Fund
holds 915K shares
representing 0.69% ownership of the company.
In it’s prior filing, the firm reported owning 688K shares, representing
an increase
of 24.82%.
The firm
increased
its portfolio allocation in BRMK by 6.20% over the last quarter.
Apollon Wealth Management
holds 22K shares
representing 0.02% ownership of the company.
In it’s prior filing, the firm reported owning 34K shares, representing
a decrease
of 56.67%.
The firm
decreased
its portfolio allocation in BRMK by 61.70% over the last quarter.
Charles Schwab Investment Management
holds 1,502K shares
representing 1.14% ownership of the company.
In it’s prior filing, the firm reported owning 1,288K shares, representing
an increase
of 14.23%.
The firm
decreased
its portfolio allocation in BRMK by 99.93% over the last quarter.
Broadmark Realty Capital Background Information
(This description is provided by the company.)
Broadmark Realty Capital Inc. is an internally managed commercial real estate finance company that offers short-term, first deed of trust loans secured by real estate to fund the acquisition, renovation, rehabilitation or development of residential or commercial properties. Broadmark Realty Capital manages and services its loan portfolio across a variety of market conditions and economic cycles.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
