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

Bridgemarq Real Estate Services Inc. (TSE:BRE)’s stock price reached a new 52-week low during mid-day trading on Monday . The company traded as low as C$4.15 and last traded at C$4.15, with a volume of 32048 shares. The stock had previously closed at C$4.21.

Analyst Upgrades and Downgrades

Separately, ATB Cormark Capital Markets raised 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 report on Monday, July 20th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Bridgemarq Real Estate Services presently has a consensus rating of “Moderate Buy” and a consensus price target of C$11.25.

Bridgemarq Real Estate Services Stock Performance

The firm’s 50-day moving average price is C$10.26 and its two-hundred day moving average price is C$12.60. The company has a quick ratio of 3.06, a current ratio of 0.16 and a debt-to-equity ratio of -105.56. The firm has a market capitalization of C$40.21 million, a PE ratio of -21.20 and a beta of 0.87.

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

Bridgemarq Real Estate Services Announces Dividend

The firm also recently announced 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 was Friday, May 29th. This represents a c) dividend on an annualized basis and a dividend yield of 31.8%. Bridgemarq Real Estate Services’s dividend payout ratio is presently -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.