Bridgemarq Real Estate Services (TSE:BRE) Share Price Passes Above 200 Day Moving Average – What’s Next?

Bridgemarq Real Estate Services Inc. (TSE:BRE)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$14.16 and traded as high as C$14.31. Bridgemarq Real Estate Services shares last traded at C$14.20, with a volume of 5,528 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Cormark upped their price target on shares of Bridgemarq Real Estate Services from C$17.00 to C$18.00 in a research report on Monday, November 18th.

Bridgemarq Real Estate Services Trading Down 0.4 %

The firm has a market capitalization of C$134.62 million, a price-to-earnings ratio of 12.46 and a beta of 1.28. The company’s 50 day moving average is C$14.97 and its 200-day moving average is C$14.16.

Bridgemarq Real Estate Services Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 28th will be paid a $0.1125 dividend. This represents a $1.35 dividend on an annualized basis and a yield of 9.51%. The ex-dividend date is Friday, January 31st. Bridgemarq Real Estate Services’s dividend payout ratio (DPR) is presently 118.42%.

About Bridgemarq Real Estate Services

Bridgemarq Real Estate Services Inc provides various services to residential real estate brokers and REALTORS in Canada. The company offers information, tools, and services that assist its customers in the delivery of real estate services. It provides its services under the Royal LePage, Via Capitale, Johnston and Daniel, and Proprio Direct brand names.