Bridgemarq Real Estate Services Inc. Plans Monthly Dividend of $0.11 (TSE:BRE)

Key Points

• Bridgemarq Real Estate Services Inc. has announced a monthly dividend of C$0.1125 per share, representing an annualized yield of 8.8%, with a record date of September 30th.
• The company's shares opened at C$15.27, with a market capitalization of C$145.34 million, while trading at a twelve-month high of C$15.79.
• Cormark downgraded Bridgemarq shares from a "moderate buy" to a "hold" rating, with a consensus rating of "hold" and an average price target of C$18.00.

Bridgemarq Real Estate Services Inc. (TSE:BRE - Get Free Report) announced a monthly dividend on Friday, August 29th, TickerTech Dividends reports. Stockholders of record on Tuesday, September 30th will be paid a dividend of 0.1125 per share on Tuesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 8.8%. The ex-dividend date of this dividend is Friday, August 29th.

Bridgemarq Real Estate Services Trading Up 1.4%

Shares of BRE opened at C$15.27 on Friday. The stock has a market capitalization of C$145.34 million, a P/E ratio of -45.21 and a beta of 1.28. The company has a quick ratio of 3.06, a current ratio of 0.40 and a debt-to-equity ratio of -127.66. The firm has a fifty day simple moving average of C$15.06 and a two-hundred day simple moving average of C$14.38. Bridgemarq Real Estate Services has a twelve month low of C$11.46 and a twelve month high of C$15.79.

Analyst Ratings Changes

Separately, Cormark lowered shares of Bridgemarq Real Estate Services from a "moderate buy" rating to a "hold" rating in a research note on Friday, August 15th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of C$18.00.

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.

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