Bridgemarq Real Estate Services (TSE:BRE) Sets New 12-Month Low – Should You Sell?

Bridgemarq Real Estate Services Inc. (TSE:BRE) shares hit a new 52-week low during trading on Monday . The company traded as low as C$3.90 and last traded at C$4.04, with a volume of 30599 shares trading hands. The stock had previously closed at C$4.05.

Wall Street Analysts Forecast Growth

Separately, ATB Cormark Capital Markets raised Bridgemarq Real Estate Services from a “market perform” rating to a “moderate buy” rating and decreased their target price for the stock from C$12.50 to C$11.25 in a research report on Monday, July 20th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, Bridgemarq Real Estate Services presently has an average rating of “Buy” and an average price target of C$11.25.

Bridgemarq Real Estate Services Stock Up 1.2%

The company has a quick ratio of 3.06, a current ratio of 0.19 and a debt-to-equity ratio of -82.27. The business has a 50-day simple moving average of C$9.37 and a two-hundred day simple moving average of C$12.25. The stock has a market capitalization of C$39.17 million, a P/E ratio of 16.52 and a beta of 0.87.

Bridgemarq Real Estate Services (TSE:BRE) last issued its quarterly earnings data on Thursday, August 13th. The company reported C$0.06 earnings per share (EPS) for the quarter. Bridgemarq Real Estate Services had a negative return on equity of 2.50% and a net margin of 0.59%.The company had revenue of C$97.47 million during the quarter.

Bridgemarq Real Estate Services Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 30th were given a dividend of $0.1125 per share. The ex-dividend date was Friday, May 29th. This represents a c) dividend on an annualized basis and a dividend yield of 32.7%. Bridgemarq Real Estate Services’s dividend payout ratio (DPR) is 540.00%.

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.