Bridgemarq Real Estate Services (TSE:BRE) Stock Crosses Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• Bridgemarq Real Estate Services' shares crossed above the 200-day moving average during trading, reaching a high of C$15.25, with a current share price of C$15.25.
• Analysts have issued a consensus rating of "Hold" for the stock, following a downgrade from Cormark, and the average price target is C$18.00.
• Bridgemarq has announced a monthly dividend of $0.1125 per share, representing an annualized yield of 8.9%, with the ex-dividend date set for August 29th.

Bridgemarq Real Estate Services Inc. (TSE:BRE - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$14.39 and traded as high as C$15.25. Bridgemarq Real Estate Services shares last traded at C$15.25, with a volume of 6,868 shares changing hands.

Wall Street Analysts Forecast Growth

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

Bridgemarq Real Estate Services Stock Performance

The firm's 50 day simple moving average is C$15.08 and its 200-day simple moving average is C$14.42. The company has a debt-to-equity ratio of -127.66, a quick ratio of 3.06 and a current ratio of 0.40. The company has a market capitalization of C$142.73 million, a price-to-earnings ratio of -7.17 and a beta of 0.64.

Bridgemarq Real Estate Services Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 30th will be paid a $0.1125 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a c) dividend on an annualized basis and a dividend yield of 9.0%. Bridgemarq Real Estate Services's dividend payout ratio is -64.29%.

Bridgemarq Real Estate Services Company Profile

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.