Broadmark Realty Capital (BRMK) Gets a Buy Rating from B.Riley FBR


In a report released yesterday, Timothy P. Hayes from B.Riley FBR reiterated a Buy rating on Broadmark Realty Capital (BRMK), with a price target of $13.00. The company’s shares closed last Monday at $12.69, close to its 52-week high of $12.81.

According to TipRanks.com, Hayes is a 5-star analyst with an average return of 12.9% and a 94.7% success rate. Hayes covers the Financial sector, focusing on stocks such as Ellington Financial, Saratoga Investment, and New Residential Inv.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Broadmark Realty Capital with a $12.50 average price target.

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The company has a one-year high of $12.81 and a one-year low of $10.77. Currently, Broadmark Realty Capital has an average volume of 1.07M.

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Broadmark Realty Capital, Inc. is an internally managed real estate investment trust. It provides financing to real estate investors and developers across multiple regions throughout the United States.

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