Bridgemarq Real Estate Services (TSE:BRE) Trading 13.4% Higher – Still a Buy?

Bridgemarq Real Estate Services Inc. (TSE:BRE) rose 13.4% during mid-day trading on Friday . The stock traded as high as C$5.19 and last traded at C$5.15. Approximately 101,935 shares traded hands during trading, an increase of 326% from the average daily volume of 23,950 shares. The stock had previously closed at C$4.54.

Analyst Upgrades and Downgrades

Separately, ATB Cormark Capital Markets upgraded shares of Bridgemarq Real Estate Services from a “market perform” rating to a “moderate buy” rating and decreased their target price for the stock from C$12.50 to C$11.25 in a research report on Monday, July 20th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of C$11.25.

Bridgemarq Real Estate Services Stock Performance

The stock has a market cap of C$49.13 million, a price-to-earnings ratio of -25.90 and a beta of 0.94. The company has a debt-to-equity ratio of -105.56, a quick ratio of 3.06 and a current ratio of 0.16. The company’s 50 day simple moving average is C$12.34 and its 200 day simple moving average is C$13.35.

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

Bridgemarq Real Estate Services Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 30th were issued a dividend of $0.1125 per share. The ex-dividend date of this dividend was Friday, May 29th. This represents a c) annualized dividend and a yield of 26.1%. Bridgemarq Real Estate Services’s payout ratio is presently -675.00%.

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.