Bridgemarq Real Estate Services (TSE:BRE) Hits New 52-Week Low – Here’s What Happened

Bridgemarq Real Estate Services Inc. (TSE:BRE) shares hit a new 52-week low on Tuesday . The company traded as low as C$4.24 and last traded at C$4.44, with a volume of 236791 shares traded. The stock had previously closed at C$4.98.

Analysts Set New Price Targets

Separately, ATB Cormark Capital Markets upgraded shares of Bridgemarq Real Estate Services from a “market perform” rating to a “moderate buy” rating and cut their price target for the company from C$12.50 to C$11.25 in a research note on Monday, July 20th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$11.25.

Bridgemarq Real Estate Services Trading Down 1.6%

The business has a 50 day moving average of C$10.99 and a two-hundred day moving average of C$12.87. The firm has a market cap of C$40.31 million, a P/E ratio of -21.25 and a beta of 0.87. The company has a current ratio of 0.16, a quick ratio of 3.06 and a debt-to-equity ratio of -105.56.

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

Bridgemarq Real Estate Services Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 30th were paid a $0.1125 dividend. The ex-dividend date was Friday, May 29th. This represents a c) dividend on an annualized basis and a yield of 31.8%. Bridgemarq Real Estate Services’s dividend 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.