Bridgemarq Real Estate Services (TSE:BRE) Stock Crosses Above 200 Day Moving Average – Should You Sell?

Bridgemarq Real Estate Services Inc. (TSE:BRE)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$13.81 and traded as high as C$14.89. Bridgemarq Real Estate Services shares last traded at C$14.73, with a volume of 6,093 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Cormark increased their price target on shares of Bridgemarq Real Estate Services from C$17.00 to C$18.00 in a report on Monday, November 18th.

Bridgemarq Real Estate Services Trading Up 1.0 %

The stock has a 50 day simple moving average of C$15.00 and a 200 day simple moving average of C$13.81. The firm has a market capitalization of C$141.06 million, a PE ratio of 13.05 and a beta of 1.28.

Bridgemarq Real Estate Services Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, November 29th. Stockholders of record on Thursday, October 31st were paid a dividend of $0.1125 per share. This represents a $1.35 annualized dividend and a dividend yield of 9.07%. This is an increase from Bridgemarq Real Estate Services’s previous monthly dividend of $0.11. The ex-dividend date of this dividend was Thursday, October 31st. Bridgemarq Real Estate Services’s dividend payout ratio is 118.42%.

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.