Bridgemarq Real Estate Services (TSE:BRE) Share Price Passes Above Two Hundred Day Moving Average – Here’s Why

Bridgemarq Real Estate Services Inc. (TSE:BRE)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$13.88 and traded as high as C$15.33. Bridgemarq Real Estate Services shares last traded at C$15.26, with a volume of 3,752 shares changing hands.

Analysts Set New Price Targets

Separately, Cormark boosted their target price on Bridgemarq Real Estate Services from C$17.00 to C$18.00 in a research note on Monday, November 18th.

Bridgemarq Real Estate Services Stock Down 0.6 %

The company’s 50-day moving average is C$15.05 and its two-hundred day moving average is C$13.88. The company has a market cap of C$144.66 million, a P/E ratio of 13.39 and a beta of 1.28.

Bridgemarq Real Estate Services Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 31st will be given a dividend of $0.1125 per share. This represents a $1.35 dividend on an annualized basis and a dividend yield of 8.85%. The ex-dividend date of this dividend is Tuesday, December 31st. Bridgemarq Real Estate Services’s dividend payout ratio is currently 118.42%.

About Bridgemarq Real Estate Services

Bridgemarq Real Estate Services Inc provides various services to residential real estate brokers and REALTORS in Canada. The company offers information, tools, and services that assist its customers in the delivery of real estate services. It provides its services under the Royal LePage, Via Capitale, Johnston and Daniel, and Proprio Direct brand names.