Blue Ridge Real Estate (OTCMKTS:BRRE) Trading Up 5% – Here’s Why

Blue Ridge Real Estate Co. (OTCMKTS:BRREGet Free Report) shares rose 5% during mid-day trading on Thursday . The company traded as high as $10.50 and last traded at $10.50. 1,701 shares changed hands during trading, an increase of 1,536% from the average session volume of 104 shares. The stock had previously closed at $10.00.

Blue Ridge Real Estate Stock Performance

The firm’s 50 day simple moving average is $9.50 and its 200 day simple moving average is $9.20. The firm has a market capitalization of $25.30 million, a price-to-earnings ratio of -14.38 and a beta of 0.21.

Blue Ridge Real Estate (OTCMKTS:BRREGet Free Report) last released its quarterly earnings data on Monday, June 15th. The company reported ($0.52) earnings per share for the quarter. The business had revenue of $0.90 million during the quarter. Blue Ridge Real Estate had a negative return on equity of 8.77% and a negative net margin of 26.73%.

Hedge Funds Weigh In On Blue Ridge Real Estate

An institutional investor recently bought a new position in Blue Ridge Real Estate stock. Dearborn Partners LLC acquired a new stake in Blue Ridge Real Estate Co. (OTCMKTS:BRREFree Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 14,053 shares of the company’s stock, valued at approximately $233,000. Dearborn Partners LLC owned 0.58% of Blue Ridge Real Estate as of its most recent SEC filing.

About Blue Ridge Real Estate

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Blue Ridge Real Estate Company owns investment properties in Eastern Pennsylvania. It operates in three segments: Resort Operations, Real Estate Management/Rental Operations, and Land Resource Management. The Resort Operations segment operates amenities surrounding Big Boulder Lake, including Boulder View Tavern and Boulder Lake Club; the Jack Frost National Golf Course; and the Stretch fishing club. The Real Estate Management/Rental Operations segment owns investment properties that are leased to others located in Eastern Pennsylvania.

Further Reading

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