Bridgemarq Real Estate Services (TSE:BRE) Stock Price Passes Above 200-Day Moving Average – Here’s What Happened

Bridgemarq Real Estate Services Inc. (TSE:BRE) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$14.06 and traded as high as C$14.88. Bridgemarq Real Estate Services shares last traded at C$14.43, with a volume of 9,215 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Cormark increased their price target 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 1.1 %

The firm’s 50 day simple moving average is C$15.04 and its 200-day simple moving average is C$14.06. The company has a market capitalization of C$136.80 million, a PE ratio of 12.66 and a beta of 1.28.

Bridgemarq Real Estate Services Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 31st will be paid a $0.1125 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $1.35 annualized dividend and a dividend yield of 9.36%. Bridgemarq Real Estate Services’s dividend payout ratio (DPR) is presently 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.