Blue Ridge Real Estate (OTCMKTS:BRRE) Shares Up 5% – Here’s Why

Blue Ridge Real Estate Co. (OTCMKTS:BRREGet Free Report)’s share price was up 5% during trading on Thursday . The stock traded as high as $10.50 and last traded at $10.50. Approximately 1,701 shares traded hands during mid-day trading, an increase of 1,536% from the average daily volume of 104 shares. The stock had previously closed at $10.00.

Blue Ridge Real Estate Trading Up 5.0%

The firm’s fifty day moving average price is $9.50 and its two-hundred day moving average price is $9.20. The stock has a market capitalization of $25.30 million, a PE ratio of -14.38 and a beta of 0.21.

Blue Ridge Real Estate (OTCMKTS:BRREGet Free Report) last announced its quarterly earnings results on Monday, June 15th. The company reported ($0.52) earnings per share (EPS) for the quarter. The firm had revenue of $0.90 million for the quarter. Blue Ridge Real Estate had a negative return on equity of 8.77% and a negative net margin of 26.73%.

Institutional Investors Weigh In On Blue Ridge Real Estate

A hedge fund recently bought a new stake in Blue Ridge Real Estate stock. Dearborn Partners LLC purchased a new position in Blue Ridge Real Estate Co. (OTCMKTS:BRREFree Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 14,053 shares of the company’s stock, valued at approximately $233,000. Dearborn Partners LLC owned 0.58% of Blue Ridge Real Estate at the end of the most recent quarter.

About Blue Ridge Real Estate

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Blue Ridge Real Estate Company owns investment properties in Eastern Pennsylvania. It operates in three segments: Resort Operations, Real Estate Management/Rental Operations, and Land Resource Management. The Resort Operations segment operates amenities surrounding Big Boulder Lake, including Boulder View Tavern and Boulder Lake Club; the Jack Frost National Golf Course; and the Stretch fishing club. The Real Estate Management/Rental Operations segment owns investment properties that are leased to others located in Eastern Pennsylvania.

Further Reading

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