Shares of Broadmark Realty Capital Inc. (NYSE:BRMK) traded today at $11.07, eclipsing its 52-week high. So far today approximately 215,000 shares have been exchanged, as compared to an average 30-day volume of 971,000 shares.
Broadmark Realty Capital Inc is an internally managed real estate investment trust offering short-term, first deed of trust loans secured by real estate to fund the acquisition, renovation, rehabilitation or development of residential or commercial properties. Its primary source of revenue is from interest income earned on loan portfolio.
In the past 52 weeks, shares of Broadmark Realty Capital Inc. have traded between a low of $8.72 and a high of $11.07 and is now at $11.04, which is 27% above that low price.
There is potential upside of 7.2% for shares of Broadmark Realty Capital Inc. based on a current price of $11.04 and an average consensus analyst price target of $11.83.
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