Bridgemarq Real Estate Services (TSE:BRE) Reaches New 1-Year Low – What’s Next?

Shares of Bridgemarq Real Estate Services Inc. (TSE:BREGet Free Report) reached a new 52-week low on Tuesday . The stock traded as low as C$4.24 and last traded at C$4.44, with a volume of 236791 shares traded. The stock had previously closed at C$4.98.

Wall Street Analysts Forecast Growth

Separately, ATB Cormark Capital Markets upgraded Bridgemarq Real Estate Services from a “market perform” rating to a “moderate buy” rating and decreased their price objective for the company 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 assigned a Hold rating to the stock. According to MarketBeat.com, Bridgemarq Real Estate Services presently has an average rating of “Moderate Buy” and a consensus target price of C$11.25.

Get Our Latest Analysis on Bridgemarq Real Estate Services

Bridgemarq Real Estate Services Trading Down 11.8%

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 has a market capitalization of C$41.63 million, a price-to-earnings ratio of -21.95 and a beta of 0.87. The business’s 50-day simple moving average is C$11.35 and its 200-day simple moving average is C$13.00.

Bridgemarq Real Estate Services (TSE:BREGet Free Report) last issued 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 during 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 Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, June 30th. Investors 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 30.8%. The ex-dividend date was Friday, May 29th. Bridgemarq Real Estate Services’s dividend payout ratio is currently -675.00%.

About Bridgemarq Real Estate Services

(Get Free Report)

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.

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