Bridgemarq Real Estate Services (TSE:BRE) Reaches New 1-Year Low – What’s Next?

Bridgemarq Real Estate Services Inc. (TSE:BRE) hit a new 52-week low on Monday . The stock traded as low as C$3.69 and last traded at C$3.70, with a volume of 31128 shares trading hands. The stock had previously closed at C$3.88.

Analysts Set New Price Targets

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

Bridgemarq Real Estate Services Stock Performance

The company’s fifty day simple moving average is C$8.44 and its 200 day simple moving average is C$11.89. The company has a current ratio of 0.25, a quick ratio of 3.06 and a debt-to-equity ratio of -82.27. The stock has a market capitalization of C$37.84 million, a P/E ratio of 15.96 and a beta of 0.87.

Bridgemarq Real Estate Services (TSE:BRE) last released its quarterly earnings results on Thursday, August 13th. The company reported C$0.06 EPS for the quarter. The firm had revenue of C$97.47 million during the quarter. Bridgemarq Real Estate Services had a net margin of 0.59% and a negative return on equity of 2.50%.

Bridgemarq Real Estate Services Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Tuesday, June 30th. Shareholders 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 33.8%. Bridgemarq Real Estate Services’s dividend payout ratio (DPR) is presently 540.00%.

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.