Bridgemarq Real Estate Services (TSE:BRE) Stock Crosses Above 200-Day Moving Average - Should You Sell?

Key Points

• Technical move: Shares crossed above their 200-day moving average (200‑day MA C$13.76), trading as high as C$13.92 and last at C$13.51 on volume of 10,404 shares.
• Generous but risky dividend: The company announced a monthly dividend of $0.1125 per share (ex-dividend Mar 31, payable Apr 30), implying a 10.0% yield but a very high 306.82% payout ratio.
• Weak underlying profitability: Bridgemarq has a market cap of C$128.13M and P/E of 30.7, but shows a negative return on equity (‑8.54%) and slim net margin (1.78%), suggesting limited earnings support for the dividend.

Shares of Bridgemarq Real Estate Services Inc. (TSE:BRE - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$13.76 and traded as high as C$13.92. Bridgemarq Real Estate Services shares last traded at C$13.51, with a volume of 10,404 shares trading hands.

Bridgemarq Real Estate Services Trading Down 0.5%

The stock has a fifty day moving average of C$14.03 and a 200 day moving average of C$13.76. The company has a market capitalization of C$128.13 million, a P/E ratio of 30.70 and a beta of 0.87. The company has a debt-to-equity ratio of -202.21, a quick ratio of 3.06 and a current ratio of 0.16.

Bridgemarq Real Estate Services (TSE:BRE - Get Free Report) last released its quarterly earnings results on Friday, March 13th. The company reported C$0.04 earnings per share (EPS) for the quarter. The business had revenue of C$98.49 million during the quarter. Bridgemarq Real Estate Services had a negative return on equity of 8.54% and a net margin of 1.78%.

Bridgemarq Real Estate Services Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Thursday, April 30th will be given a dividend of $0.1125 per share. This represents a c) dividend on an annualized basis and a dividend yield of 10.0%. The ex-dividend date of this dividend is Tuesday, March 31st. Bridgemarq Real Estate Services's payout ratio is presently 306.82%.

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. The company's brands include Royal LePage and Via Capitale and Johnston and Daniel.

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