Bridgemarq Real Estate Services (TSE:BRE) Stock Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Bridgemarq Real Estate Services Inc. (TSE:BRE) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$14.06 and traded as high as C$14.88. Bridgemarq Real Estate Services shares last traded at C$14.43, with a volume of 9,215 shares trading hands.

Analyst Upgrades and Downgrades

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

Bridgemarq Real Estate Services Price Performance

The business’s 50 day moving average price is C$15.04 and its 200-day moving average price is C$14.06. The firm has a market capitalization of C$136.80 million, a price-to-earnings ratio of 12.66 and a beta of 1.28.

Bridgemarq Real Estate Services Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 31st will be given a dividend of $0.1125 per share. The ex-dividend date is Tuesday, December 31st. This represents a $1.35 dividend on an annualized basis and a dividend yield of 9.36%. Bridgemarq Real Estate Services’s payout ratio is 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.