Bridgemarq Real Estate Services (TSE:BRE) Share Price Passes Above Two Hundred Day Moving Average – Here’s Why

Bridgemarq Real Estate Services Inc. (TSE:BRE) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$13.88 and traded as high as C$15.33. Bridgemarq Real Estate Services shares last traded at C$15.26, with a volume of 3,752 shares trading hands.

Analyst Ratings Changes

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

Bridgemarq Real Estate Services Stock Down 0.6 %

The stock has a market capitalization of C$144.66 million, a price-to-earnings ratio of 13.39 and a beta of 1.28. The company’s fifty day simple moving average is C$15.05 and its 200 day simple moving average is C$13.88.

Bridgemarq Real Estate Services Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 31st will be paid a $0.1125 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.35 dividend on an annualized basis and a yield of 8.85%. Bridgemarq Real Estate Services’s dividend payout ratio (DPR) is currently 118.42%.

Bridgemarq Real Estate Services Company Profile

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.