Bridgemarq Real Estate Services (TSE:BRE) Price Target Raised to C$18.00 at Cormark

Bridgemarq Real Estate Services (TSE:BRE) had its target price upped by Cormark from C$17.00 to C$18.00 in a research report released on Monday,BayStreet.CA reports.

Bridgemarq Real Estate Services Stock Performance

Shares of Bridgemarq Real Estate Services stock opened at C$14.88 on Monday. Bridgemarq Real Estate Services has a 1 year low of C$11.50 and a 1 year high of C$15.79. The firm’s 50-day simple moving average is C$14.52 and its 200-day simple moving average is C$13.56. The firm has a market cap of C$141.06 million, a PE ratio of 13.05 and a beta of 1.28.

Bridgemarq Real Estate Services Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Thursday, October 31st will be issued a $0.1125 dividend. This represents a $1.35 dividend on an annualized basis and a dividend yield of 9.07%. This is an increase from Bridgemarq Real Estate Services’s previous monthly dividend of $0.11. The ex-dividend date is Thursday, October 31st. Bridgemarq Real Estate Services’s payout ratio is 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.