Broadmark Realty Capital Inc. (BRMK): Here Are Some Research Recommendations

Broadmark Realty Capital Inc. (NYSE:BRMK) finished Friday with an addition of $0.07 to close at $9.79, an upside of 0.72 percent. An average of 770,060 shares of common stock have been traded in the last five days. There was a gain of $0.03 in the past week, and it reached a new high 14 times over the past 12 months. The last 20 days have seen an average of 1,187,880 shares traded, while the 50-day average volume stands at 1,088,464.

BRMK stock has increased by 3.49% in the last month. The company shares reached their 1-month lowest point of $8.85 on 12/20/21. With the stock rallying to its 52-week high on 01/12/22, shares of the company touched a low of $8.85 and a high of $11.10 in 52 weeks. It has reached a new high 4 times so far this year and achieved 3.82% or $0.36 in price. In spite of this, the price is down -11.80% from the 52-week high.


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Insider Transactions

16 days have passed since Broadmark Realty Capital Inc. (BRMK) last reported insider trading activity. Hirsty Daniel, who is Chief Credit Officer, most recently acquired $2,500 shares at $9.52 per share on Dec 30. In this transaction, the insider spent $23,805. Chief Credit Officer, Hirsty Daniel, disposed of 4,307 shares at a price of $10.40 on Mar 09. The insider now owns more than $44,773 worth of shares.

Valuation Metrics

Broadmark Realty Capital Inc. (BRMK) has a trailing price-to-earnings (P/E) ratio of 16.18, which compares with the 18.11 for the broader industry and 30.90 for the sector. The stock’s beta is 0.80. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 10.59, the price-to-book (PB) ratio at 1.13.

The company has a payout ratio of 132.10%. The company’s most recent quarterly dividend payment was $0.07 a share, without any change from last year. Its latest increase dividend $0.01 reported on Monday January 11 2021.

Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending September 29. Its gross profit as reported stood at $32.13 million compared to revenue of $122.36 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Broadmark Realty Capital Inc.’s return on assets was 6.80%. For the broader industry, ROE averaged 5.49 over the past year.

Earnings Surprise

For the three-month period that ended September 29, Broadmark Realty Capital Inc. had $923.52 million in cash. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $21.69 million in the quarter, while revenues of $18.25 million were shrunk -7.05%. The analyst consensus anticipated Broadmark Realty Capital Inc.’s latest quarter earnings to come in at $0.21 per share, but it turned out to be $0.18, a -14.30% surprise. For the quarter, EBITDA amounted to $15.42 million. Shareholders own equity worth $132.69 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Broadmark Realty Capital Inc. (BRMK) price momentum. RSI 9-day as of the close on 14 January was 61.36%, suggesting the stock is Neutral, with historical volatility in this time frame at 11.69%.

As of today, BRMK’s price is $9.76 +0.31% or $0.03 from its 5-day moving average. BRMK is currently trading +4.82% higher than its 20-day SMA and -7.20% lower than its 100-day SMA. However, the stock’s current price level is -5.41% below the SMA50 and -6.67% below the SMA200.

The stochastic %K and %D were 81.53% and 83.92%, respectively, and the average true range (ATR) was 0.17. With the 14-day stochastic at 87.50% and the average true range at 0.18, the RSI (14) stands at 56.92%. The stock has reached 0.05 on the 9-day MACD Oscillator while the 14-day reading was at 0.11.

Analyst Ratings

JMP Securities launched coverage on Broadmark Realty Capital Inc. (NYSE: BRMK) in its analyst report released on April 07, 2021. The firm assigned the stock a a Mkt perform rating. The consensus rating for Broadmark Realty Capital Inc. (BRMK) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell BRMK, while 2 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 1 others rate it as a “buy”.

What is BRMK’s price target for the next 12 months?

Analysts predict a range of price targets between $12.50 and $12.50, with a median target of $12.50. Taking a look at these predictions, the average price target given by analysts for Broadmark Realty Capital Inc. (BRMK) stock is $12.50.

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