Bridgemarq Real Estate Services (TSE:BRE) Hits New 12-Month High – What’s Next?

Bridgemarq Real Estate Services Inc. (TSE:BRE) reached a new 52-week high on Tuesday . The stock traded as high as C$14.80 and last traded at C$14.77, with a volume of 13545 shares trading hands. The stock had previously closed at C$14.67.

Analyst Upgrades and Downgrades

Separately, Cormark raised Bridgemarq Real Estate Services to a “moderate buy” rating in a report on Thursday, October 10th.

Bridgemarq Real Estate Services Stock Performance

The business’s 50 day moving average price is C$13.84 and its 200-day moving average price is C$13.38. The company has a market cap of C$143.05 million, a price-to-earnings ratio of 13.24 and a beta of 1.28.

Bridgemarq Real Estate Services (TSE:BRE) last posted its quarterly earnings results on Tuesday, August 13th. The company reported C$0.17 earnings per share (EPS) for the quarter. The business had revenue of C$110.09 million during the quarter.

Bridgemarq Real Estate Services Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 30th will be paid a $0.112 dividend. This represents a $1.34 annualized dividend and a yield of 8.91%. The ex-dividend date is Friday, September 27th. Bridgemarq Real Estate Services’s dividend payout ratio is 118.42%.

Insider Buying and Selling at Bridgemarq Real Estate Services

In related news, Director Gitanjli Datt acquired 3,000 shares of the business’s stock in a transaction on Friday, August 16th. The stock was bought at an average cost of C$13.11 per share, with a total value of C$39,330.00. Company insiders own 0.89% of the company’s stock.

About Bridgemarq Real Estate Services

Bridgemarq Real Estate Services Inc provides various services to residential real estate brokers and REALTORS in Canada. The company offers information, tools, and services that assist its customers in the delivery of real estate services. It provides its services under the Royal LePage, Via Capitale, Johnston and Daniel, and Proprio Direct brand names.