5 Cheap Monthly Dividend Stocks to Buy Now

3. Broadmark Realty Capital Inc. (NYSE: BRMK)

Number of Hedge Fund Holders: 12
Dividend Yield: 7.9%

Broadmark Realty Capital Inc. (NYSE: BRMK) underwrites, funds, services, and manages a portfolio of short-term trust loans for residential or commercial properties in the US. Alongside this, the company also provides short-term and first deed of trust loans to fund that construction, development, and investment in the same properties. It ranks 3rd on our list of cheap monthly dividend stocks to buy now.

As of this April, JMP Securities has a Market Perform rating on Broadmark Realty Capital Inc. (NYSE: BRMK) shares, while B. Riley has a Buy rating with a $12.50 price target on the company’s shares.

In the first quarter of 2021, Broadmark Realty Capital Inc. (NYSE: BRMK) had an FFO of $0.18, missing estimates by $0.02. The company’s revenue was $29.47 million, also missing estimates by $2.80 million. Broadmark Realty Capital Inc. (NYSE: BRMK) has gained 12.78% in the past year.

By the end of the first quarter of 2021, 12 hedge funds out of the 866 tracked by Insider Monkey held stakes in Broadmark Realty Capital Inc. (NYSE: BRMK) worth roughly $98.7 million. This is compared to 10 hedge funds in the previous quarter with a total stake value of approximately $90.86 million.

White Brook Capital, an investment management firm, mentioned Broadmark Realty Capital Inc. (NYSE: BRMK) in its first-quarter 2020 investor letter. Here’s what they said:

“Broadmark Realty, Inc (BRMK), was sold because of competition for capital from new positions and other investments in the portfolio. The company will continue to do fine, but better short and long-term investment opportunities were available.”