Bridgemarq Real Estate Services (TSE:BRE) Reaches New 52-Week High – Should You Buy?

Bridgemarq Real Estate Services Inc. (TSE:BRE) hit a new 52-week high during trading on Wednesday . The stock traded as high as C$15.67 and last traded at C$15.49, with a volume of 42721 shares. The stock had previously closed at C$15.10.

Wall Street Analyst Weigh In

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

Bridgemarq Real Estate Services Stock Performance

The firm has a 50 day simple moving average of C$14.40 and a 200 day simple moving average of C$13.52. The firm has a market cap of C$148.17 million, a P/E ratio of 13.25 and a beta of 1.28.

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

Bridgemarq Real Estate Services Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Thursday, October 31st will be issued a $0.1125 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $1.35 annualized dividend and a dividend yield of 8.64%. This is a boost from Bridgemarq Real Estate Services’s previous monthly dividend of $0.11. Bridgemarq Real Estate Services’s dividend payout ratio (DPR) is presently 118.42%.

Insider Buying and Selling at Bridgemarq Real Estate Services

In other Bridgemarq Real Estate Services news, Director Gitanjli Datt purchased 3,000 shares of the stock in a transaction on Friday, August 16th. The shares were purchased at an average price of C$13.11 per share, with a total value of C$39,330.00. Insiders own 0.89% of the company’s stock.

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.