Bridgemarq Real Estate Services (TSE:BRE) Upgraded at Cormark

Cormark upgraded shares of Bridgemarq Real Estate Services (TSE:BRE) to a moderate buy rating in a research note published on Thursday morning, Zacks.com reports.

Bridgemarq Real Estate Services Price Performance

Shares of TSE BRE opened at C$14.67 on Thursday. The stock has a market capitalization of C$139.07 million, a price-to-earnings ratio of 12.87 and a beta of 1.28. The firm’s 50 day simple moving average is C$13.64 and its 200-day simple moving average is C$13.35. Bridgemarq Real Estate Services has a 12 month low of C$11.06 and a 12 month high of C$14.76.

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

Bridgemarq Real Estate Services Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, September 30th will be given a dividend of $0.112 per share. The ex-dividend date is Friday, September 27th. This represents a $1.34 annualized dividend and a dividend yield of 9.16%. Bridgemarq Real Estate Services’s payout ratio is 118.42%.

Insider Buying and Selling at Bridgemarq Real Estate Services

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

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.