Broadmark Realty downgraded by B. Riley Securities with a new price target
$BRMK
Real Estate Investment Trusts
Real Estate
B. Riley Securities downgraded Broadmark Realty from Buy to Neutral and set a new price target of $5.00 from $7.50 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 2/28/2023 | Underweight → Neutral | Piper Sandler | |
| 11/21/2022 | $7.50 → $5.00 | Buy → Neutral | B. Riley Securities |
| 11/8/2022 | Outperform → Mkt Perform | Raymond James | |
| 8/9/2022 | $7.00 | Neutral → Underweight | Piper Sandler |
| 6/17/2022 | $7.00 | Neutral | Piper Sandler |
| 3/2/2022 | $12.50 → $11.00 | Outperform | Raymond James |
- Jeffrey Pyatt Named Interim CEO and Kevin Luebbers Named Interim President - - Jonathan Hermes Named Chief Financial Officer - Broadmark Realty Capital Inc. (NYSE:BRMK) ("Broadmark" or the "Company"), an internally managed secured real estate finance company, today announced, effective immediately, the appointment of Jeffrey Pyatt, current Chairman of the Board of Directors and former Chief Executive Officer of Broadmark, as Interim Chief Executive Officer. Additionally, Kevin Luebbers, an Independent Director of the Company and Chair of the Audit Committee, has been appointed Interim President. The Board of Directors (the "Board") is in the process of launching a search for a new Chief
Broadmark Realty Capital Inc. (NYSE:BRMK) ("Broadmark" or the "Company"), an internally managed secured real estate finance company, today announced that David Schneider, Chief Financial Officer, intends to resign from his position in connection with accepting an opportunity at a private company that does not compete with Broadmark. To assist with an orderly transition, Mr. Schneider intends to remain in his role at the Company until December 31, 2022, or the appointment of his successor if earlier. "David has made an indelible contribution to the organization during his tenure. On behalf of the Board of Directors and our entire team, I want to thank David for his successful leadership as
– Appoints New Independent Director, Pinkie D. Mayfield – Broadmark Realty Capital Inc. (NYSE:BRMK) ("Broadmark" or the "Company"), an internally managed secured real estate finance company, announced that it is strengthening its Board of Directors with the addition of a new independent director, Pinkie D. Mayfield, effective today. Ms. Mayfield's addition increases the size of the Board of Directors to eight members, including six independent directors. Dan Hirsch, Chairman of Broadmark's Nominating and Corporate Governance Committee, stated, "We are very pleased to expand and further strengthen our Board of Directors. We welcome Pinkie and look forward to benefitting from her extensive
NEW YORK, May 31, 2023 (GLOBE NEWSWIRE) -- Ready Capital Corporation (NYSE:RC) ("Ready Capital" or the "Company") today announced that it has completed the previously announced merger ("Merger") pursuant to the terms of the Merger Agreement, dated as of February 26, 2023, by and among Ready Capital, a multi-strategy real estate finance company that originates, acquires, finances and services small-to-medium balance commercial loans, Broadmark Realty Capital Inc. (NYSE:BRMK) ("Broadmark"), a specialty real estate finance company that specializes in originating and servicing residential and commercial construction loans, and RCC Merger Sub, LLC, a Delaware limited liability company and wholl
- Merger Expected to Close Pre-Market Open on May 31 - Broadmark Realty Capital Inc. (NYSE:BRMK) ("Broadmark" or the "Company"), announced that at the special meeting of stockholders held today, conducted by means of a virtual meeting held live over the internet, its stockholders approved the transactions under the terms of the previously announced merger agreement with Ready Capital Corporation ("Ready Capital"). Pursuant to the merger agreement, Ready Capital will acquire Broadmark through Broadmark's merger with and into a wholly owned subsidiary of Ready Capital (the "Merger"). The Merger is expected to close on May 31, 2023, subject to customary closing conditions. As a result of t
Broadmark Realty Capital Inc. (NYSE:BRMK) (the "Company"), an internally managed secured real estate finance company, today announced operating results for the quarter ended March 31, 2023. First Quarter 2023 Financial Highlights Total revenue of $24.7 million. GAAP net income of $4.6 million, or $0.03 per diluted common share. Net income was impacted by one-time, merger-related expenses and impairment on the Company's real property owned ("REO") of $4.9 and $1.0 million, respectively. Distributable earnings prior to realized loss on investments, of $13.7 million, or $0.10 per diluted common share. First Quarter 2023 Loan Portfolio Highlights New originations and amendments
4 - Broadmark Realty Capital Inc. (0001784797) (Issuer)
4 - Broadmark Realty Capital Inc. (0001784797) (Issuer)
4 - Broadmark Realty Capital Inc. (0001784797) (Issuer)
15-12G - Broadmark Realty Capital Inc. (0001784797) (Filer)
EFFECT - Broadmark Realty Capital Inc. (0001784797) (Filer)
EFFECT - Broadmark Realty Capital Inc. (0001784797) (Filer)
NEW YORK, May 31, 2023 (GLOBE NEWSWIRE) -- Ready Capital Corporation (NYSE:RC) ("Ready Capital" or the "Company") today announced that it has completed the previously announced merger ("Merger") pursuant to the terms of the Merger Agreement, dated as of February 26, 2023, by and among Ready Capital, a multi-strategy real estate finance company that originates, acquires, finances and services small-to-medium balance commercial loans, Broadmark Realty Capital Inc. (NYSE:BRMK) ("Broadmark"), a specialty real estate finance company that specializes in originating and servicing residential and commercial construction loans, and RCC Merger Sub, LLC, a Delaware limited liability company and wholl
Broadmark Realty Capital Inc. (NYSE:BRMK) (the "Company"), an internally managed secured real estate finance company, today announced operating results for the quarter ended March 31, 2023. First Quarter 2023 Financial Highlights Total revenue of $24.7 million. GAAP net income of $4.6 million, or $0.03 per diluted common share. Net income was impacted by one-time, merger-related expenses and impairment on the Company's real property owned ("REO") of $4.9 and $1.0 million, respectively. Distributable earnings prior to realized loss on investments, of $13.7 million, or $0.10 per diluted common share. First Quarter 2023 Loan Portfolio Highlights New originations and amendments
– Final Dividend Assuming Completion of Merger with Ready Capital – Broadmark Realty Capital Inc. (NYSE:BRMK) ("Broadmark" or the "Company"), a specialty real estate finance company, announced today that its Board of Directors has declared a cash dividend of $0.035 per share of common stock for May 2023. The dividend will be payable on May 30, 2023 to stockholders of record as of May 24, 2023. The dividend will be the final cash dividend paid by the Company assuming the completion of the pending merger with Ready Capital Corporation (NYSE:RC) by June 1, 2023, as currently anticipated. There can be no assurance that the merger will be completed on the terms described or at all. About Bro
SC 13G/A - Broadmark Realty Capital Inc. (0001784797) (Subject)
SC 13G/A - Broadmark Realty Capital Inc. (0001784797) (Subject)
SC 13G/A - Broadmark Realty Capital Inc. (0001784797) (Subject)
Piper Sandler upgraded Broadmark Realty from Underweight to Neutral
B. Riley Securities downgraded Broadmark Realty from Buy to Neutral and set a new price target of $5.00 from $7.50 previously
Raymond James downgraded Broadmark Realty from Outperform to Mkt Perform