Bridgemarq Real Estate Services (TSE:BRE) Trading Up 13.4% – Here’s Why

Bridgemarq Real Estate Services Inc. (TSE:BRE) shares were up 13.4% during 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.

Wall Street Analyst Weigh In

Separately, ATB Cormark Capital Markets upgraded shares of Bridgemarq Real Estate Services from a “market perform” rating to a “moderate buy” rating and lowered their price target for the company from C$12.50 to C$11.25 in a research note on Monday. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$11.25.

Bridgemarq Real Estate Services Trading Up 15.6%

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 firm has a fifty day moving average price of C$12.51 and a 200 day moving average price of C$13.41. The company has a market cap of C$49.79 million, a price-to-earnings ratio of -26.25 and a beta of 0.94.

Bridgemarq Real Estate Services (TSE:BRE) last issued its earnings results on Wednesday, May 13th. The company reported C$0.12 earnings per share for the quarter. The business 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 firm also recently declared a monthly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 30th were given a dividend of $0.1125 per share. This represents a c) dividend on an annualized basis and a yield of 25.7%. The ex-dividend date of this dividend was Friday, May 29th. Bridgemarq Real Estate Services’s payout ratio is -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.