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

Bridgemarq Real Estate Services Inc. (TSE:BRE) hit a new 52-week low during trading 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.

Analyst Upgrades and Downgrades

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

Bridgemarq Real Estate Services Stock Down 0.8%

The company has a quick ratio of 3.06, a current ratio of 0.25 and a debt-to-equity ratio of -82.27. The stock has a market cap of C$36.51 million, a P/E ratio of 15.40 and a beta of 0.87. The firm has a 50 day simple moving average of C$8.81 and a 200-day simple moving average of C$12.04.

Bridgemarq Real Estate Services (TSE:BRE) last announced its earnings results on Thursday, August 13th. The company reported C$0.06 EPS for the quarter. The business 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 Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 30th were issued a $0.1125 dividend. This represents a c) dividend on an annualized basis and a yield of 35.1%. The ex-dividend date of this dividend was Friday, May 29th. Bridgemarq Real Estate Services’s dividend payout ratio is currently 540.00%.

About Bridgemarq Real Estate Services

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.