5 Real Estate Stocks that Pay Monthly Dividends

In this article, we will be taking a look at 5 real estate stocks that pay monthly dividends. To see our detailed analysis on the real estate industry, you can go directly to the 10 Real Estate Stocks that Pay Monthly Dividends.

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

Number of Hedge Fund Holders: 12
Dividend Yield: 8.1%

Broadmark Realty Capital Inc. (NYSE: BRMK), based in Seattle, underwrites, funds, services, and manages a portfolio of short-term, first deed of trust loans to construct and invest in residential or commercial American properties. The company ranks 5th on our list of real estate stocks that pay monthly dividends.

B. Riley’s Matt Howlett assumed coverage of shares of Broadmark Realty Capital Inc. (NYSE: BRMK) with a Buy rating and a $12.50 price target just this April. Howlett also commented that mortgage REITs like Broadmark Realty Capital Inc. (NYSE: BRMK) can expect stronger tailwinds in the coming months with thawing credit and steepening yield curves.

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 4.75% year to date and 6.33% 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 $90.6 million.

White Brook Capital, an investment management firm, mentioned Broadmark Realty Capital Inc. (NYSE: BRMK) in its first-quarter 2021 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.”