Bridgemarq Real Estate Services (TSE:BRE) Stock Price Up 13.4% – What’s Next?

Bridgemarq Real Estate Services Inc. (TSE:BRE) was up 13.4% on Friday . The stock traded as high as C$5.19 and last traded at C$5.15. 101,935 shares traded hands during trading, an increase of 326% from the average daily volume of 23,950 shares. The stock had previously closed at C$4.54.

Analyst Ratings Changes

Separately, ATB Cormark Capital Markets raised Bridgemarq Real Estate Services from a “market perform” rating to a “moderate buy” rating and reduced their price objective for the stock from C$12.50 to C$11.25 in a research note on Monday. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of C$11.25.

Bridgemarq Real Estate Services Stock Performance

The firm has a fifty day simple moving average of C$12.51 and a 200-day simple moving average of C$13.41. The company has a current ratio of 0.16, a quick ratio of 3.06 and a debt-to-equity ratio of -105.56. The stock has a market cap of C$49.79 million, a price-to-earnings ratio of -26.25 and a beta of 0.94.

Bridgemarq Real Estate Services (TSE:BRE) last released its earnings results on Wednesday, May 13th. The company reported C$0.12 EPS for the quarter. Bridgemarq Real Estate Services had a positive return on equity of 2.19% and a negative net margin of 0.49%.The company had revenue of C$69.87 million during the quarter.

Bridgemarq Real Estate Services Announces Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 30th were issued a $0.1125 dividend. The ex-dividend date of this dividend was Friday, May 29th. This represents a c) annualized dividend and a dividend yield of 25.7%. Bridgemarq Real Estate Services’s payout ratio is -675.00%.

Bridgemarq Real Estate Services Company Profile

Bridgemarq Real Estate Services Inc is a Canada-based real estate services company. Its segment includes providing information and services to real estate agents and brokers in Canada through a portfolio of real estate services brands. It supplies realtors with information, tools, and services to assist them in providing and delivery of real estate sales services. The company’s brands include Royal LePage and Via Capitale and Johnston and Daniel.