Bridgemarq Real Estate Services (TSE:BRE) Trading Down 0.1% – Here’s What Happened

Bridgemarq Real Estate Services Inc. (TSE:BRE)’s share price dropped 0.1% on Thursday . The company traded as low as C$14.85 and last traded at C$14.94. Approximately 6,843 shares traded hands during trading, a decline of 16% from the average daily volume of 8,127 shares. The stock had previously closed at C$14.96.

Analysts Set New Price Targets

Separately, Cormark boosted their target price on shares of 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 Performance

The company’s 50-day moving average price is C$14.97 and its 200 day moving average price is C$13.77. The stock has a market capitalization of C$141.35 million, a P/E ratio of 13.08 and a beta of 1.28.

Bridgemarq Real Estate Services Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, November 29th. Shareholders of record on Thursday, October 31st were issued a dividend of $0.1125 per share. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $1.35 dividend on an annualized basis and a yield of 9.05%. This is a positive change from Bridgemarq Real Estate Services’s previous monthly dividend of $0.11. Bridgemarq Real Estate Services’s dividend payout ratio is currently 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.