Almost 2 Years Ago
1 Min Read
BRMK is making big moves today. Find out why the stock is trading -9% lower:
Shares of Broadmark Realty Capital Inc (BRMK) are trading -9% lower at a price of $6.8 at the time of this writing.
- 2Q results below expectations, $0.16 EPS vs consensus estimate of $0.26
- Piper Sandler downgrade to Underweight from overweight citing increased competition and weak demand for mortgage-backed securities as well as concerns over BRMK's "selective and disciplined underwriting" given elevated interest rates and inflationary pressures across many markets.
Broadmark Realty Capital: Q2 Earnings Insights - In its Q2 earnings release, Broadmark RealtyCapital provided investors with insights into its business performance including selective and disciplined underwriting during a time when interest rates are rising and inflation is increasing across many markets
Broadmark Realty Capital Inc has been trading between a 52-week high of $9.73 and a 52-week low of $6. The stock has a market cap of $903 Million.
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.
Headlines
Piper Sandler Downgrades Broadmark Realty Capital Inc. to Underweight
Investing.com 08-09-22
Broadmark Realty Capital: Q2 Earnings Insights
Benzinga 08-08-22
Broadmark Realty Capital Inc. (BRMK) CEO Brian Ward on Q2 2022 Results - Earnings Call Transcript
Seeking Alpha 08-08-22
Broadmark Realty Capital Q2 earnings miss in backdrop of rising yields, inflation
Seeking Alpha 08-08-22
Broadmark Realty Capital Non-GAAP EPS of $0.16 misses by $0.01, revenue of $28.52M misses by $1.48M
Seeking Alpha 08-08-22
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