Bridgemarq Real Estate Services (TSE:BRE) Price Target Raised to C$18.00

Bridgemarq Real Estate Services (TSE:BRE) had its target price raised by Cormark from C$17.00 to C$18.00 in a research report report published on Monday,BayStreet.CA reports. Cormark also issued estimates for Bridgemarq Real Estate Services’ FY2024 earnings at ($1.31) EPS, FY2025 earnings at $0.39 EPS and FY2026 earnings at $0.76 EPS.

Bridgemarq Real Estate Services Price Performance

TSE BRE opened at C$15.05 on Monday. The business’s 50-day simple moving average is C$14.58 and its 200-day simple moving average is C$13.58. The firm has a market capitalization of C$142.67 million, a P/E ratio of 13.20 and a beta of 1.28. Bridgemarq Real Estate Services has a 1-year low of C$11.50 and a 1-year high of C$15.79.

Bridgemarq Real Estate Services Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Thursday, October 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 8.97%. The ex-dividend date of this dividend 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%.

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.