Broadmark Realty Capital (BRMK) Receives a Buy from Raymond James
Raymond James analyst Stephen Laws reiterated a Buy rating on Broadmark Realty Capital (BRMK) today and set a price target of $12.50. The company’s shares closed last Tuesday at $9.91.
According to TipRanks.com, Laws is a 5-star analyst with an average return of 18.3% and a 69.8% success rate. Laws covers the Financial sector, focusing on stocks such as NexPoint Real Estate ate Finance, Finance of America Companies, and Colony Credit Real Estate.
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 $11.00 and a one-year low of $7.11. Currently, Broadmark Realty Capital has an average volume of 844.2K.
Based on the recent corporate insider activity of 25 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BRMK in relation to earlier this year.
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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. The firm 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. The company was founded in 2010 and is headquartered in Seattle, WA.