Bridgemarq Real Estate Services (TSE:BRE) Reaches New 12-Month Low – What’s Next?

Bridgemarq Real Estate Services Inc. (TSE:BRE) hit a new 52-week low during mid-day trading on Monday . The company traded as low as C$4.15 and last traded at C$4.15, with a volume of 32048 shares traded. The stock had previously closed at C$4.21.

Analyst Ratings Changes

Separately, ATB Cormark Capital Markets upgraded shares of Bridgemarq Real Estate Services from a “market perform” rating to a “moderate buy” rating and lowered their target price for the company from C$12.50 to C$11.25 in a research note on Monday, July 20th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of C$11.25.

Bridgemarq Real Estate Services Trading Down 2.4%

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$38.98 million, a PE ratio of -20.55 and a beta of 0.87. The stock has a fifty day moving average of C$10.62 and a 200 day moving average of C$12.73.

Bridgemarq Real Estate Services (TSE:BRE) last announced its quarterly earnings data on Wednesday, May 13th. The company reported C$0.12 earnings per share (EPS) for the quarter. The business 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 Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 30th were paid a dividend of $0.1125 per share. This represents a c) annualized dividend and a yield of 32.8%. The ex-dividend date of this dividend was Friday, May 29th. Bridgemarq Real Estate Services’s dividend payout ratio (DPR) is presently -675.00%.

About Bridgemarq Real Estate Services

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.