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

Bridgemarq Real Estate Services Inc. (TSE:BRE)’s share price hit a new 52-week low during 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 trading hands. The stock had previously closed at C$4.21.

Analyst Upgrades and Downgrades

Separately, ATB Cormark Capital Markets raised Bridgemarq Real Estate Services from a “market perform” rating to a “moderate buy” rating and reduced their price objective for the stock from C$12.50 to C$11.25 in a research note on Monday, July 20th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of C$11.25.

Bridgemarq Real Estate Services Stock Down 2.4%

The business’s 50 day simple moving average is C$10.62 and its 200 day simple moving average is C$12.73. The company has a current ratio of 0.16, a quick ratio of 3.06 and a debt-to-equity ratio of -105.56. The firm has a market capitalization of C$38.98 million, a PE ratio of -20.55 and a beta of 0.87.

Bridgemarq Real Estate Services (TSE:BRE) last announced its earnings results on Wednesday, May 13th. The company reported C$0.12 earnings per share (EPS) for the quarter. Bridgemarq Real Estate Services had a negative net margin of 0.49% and a positive return on equity of 2.19%. The firm had revenue of C$69.87 million for the quarter.

Bridgemarq Real Estate Services Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 30th were paid a $0.1125 dividend. This represents a c) annualized dividend and a dividend 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.