Bridgemarq Real Estate Services (TSE:BRE) Shares Pass Above 200-Day Moving Average - What's Next?

Key Points

• Bridgemarq Real Estate Services (TSE:BRE) shares have surpassed their 200-day moving average of C$14.56, reaching a high of C$15.33 during trading.
• The company has announced a monthly dividend of $0.1125, which will be payable on September 30th, reflecting an annualized yield of 8.9%.
• Cormark has downgraded Bridgemarq from a "moderate buy" to a "hold" rating, with the stock holding a consensus price target of C$18.00.

Bridgemarq Real Estate Services Inc. (TSE:BRE - Get Free Report) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$14.56 and traded as high as C$15.33. Bridgemarq Real Estate Services shares last traded at C$15.25, with a volume of 3,228 shares changing hands.

Analyst Upgrades and Downgrades

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

Bridgemarq Real Estate Services Trading Up 0.1%

The firm has a fifty day simple moving average of C$15.10 and a two-hundred day simple moving average of C$14.56. The company has a debt-to-equity ratio of -127.66, a current ratio of 0.40 and a quick ratio of 3.06. The firm has a market capitalization of C$144.63 million, a P/E ratio of -7.26 and a beta of 0.66.

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 issued a $0.1125 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 8.9%. The ex-dividend date of this dividend is Friday, August 29th. Bridgemarq Real Estate Services's dividend payout ratio (DPR) is presently -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.

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