Bridgemarq Real Estate Services (TSE:BRE) Sets New 12-Month Low – Here’s What Happened

Bridgemarq Real Estate Services Inc. (TSE:BRE)’s stock price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as C$4.50 and last traded at C$4.54, with a volume of 250787 shares trading hands. The stock had previously closed at C$5.21.

Analyst Ratings Changes

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

Bridgemarq Real Estate Services Stock Up 14.1%

The stock’s 50-day moving average price is C$12.34 and its two-hundred day moving average price is C$13.35. The stock has a market capitalization of C$49.13 million, a P/E ratio of -25.90 and a beta of 0.94. The company has a current ratio of 0.16, a quick ratio of 3.06 and a debt-to-equity ratio of -105.56.

Bridgemarq Real Estate Services (TSE:BRE) last announced its quarterly earnings data 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 during the quarter. Bridgemarq Real Estate Services had a positive return on equity of 2.19% and a negative net margin of 0.49%.

Bridgemarq Real Estate Services Dividend Announcement

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