Bridgemarq Real Estate Services (TSE:BRE) Share Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Bridgemarq Real Estate Services Inc. (TSE:BRE)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$13.46 and traded as high as C$15.16. Bridgemarq Real Estate Services shares last traded at C$14.86, with a volume of 7,534 shares.

Analyst Upgrades and Downgrades

Separately, Cormark raised Bridgemarq Real Estate Services to a “moderate buy” rating in a research note on Thursday, October 10th.

Bridgemarq Real Estate Services Price Performance

The firm has a market cap of C$140.87 million, a price-to-earnings ratio of 13.04 and a beta of 1.28. The firm has a 50 day moving average price of C$14.24 and a 200-day moving average price of C$13.46.

Bridgemarq Real Estate Services (TSE:BRE) last issued its quarterly earnings results on Tuesday, August 13th. The company reported C$0.17 earnings per share (EPS) for the quarter. The firm had revenue of C$110.09 million for the quarter.

Bridgemarq Real Estate Services Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Thursday, October 31st will be issued a $0.1125 dividend. This represents a $1.35 dividend on an annualized basis and a yield of 9.08%. The ex-dividend date is Thursday, October 31st. This is an increase from Bridgemarq Real Estate Services’s previous monthly dividend of $0.11. Bridgemarq Real Estate Services’s dividend payout ratio is currently 118.42%.

Insider Activity at Bridgemarq Real Estate Services

In related news, Director Gitanjli Datt acquired 3,000 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The stock was acquired at an average price of C$13.11 per share, for a total transaction of C$39,330.00. 0.89% of the stock is currently owned by corporate insiders.

Bridgemarq Real Estate Services Company Profile

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.