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

Bridgemarq Real Estate Services Inc. (TSE:BRE) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$13.81 and traded as high as C$14.89. Bridgemarq Real Estate Services shares last traded at C$14.73, with a volume of 6,093 shares traded.

Analysts Set New Price Targets

Separately, Cormark increased their target price on Bridgemarq Real Estate Services from C$17.00 to C$18.00 in a research report on Monday, November 18th.

Bridgemarq Real Estate Services Trading Down 0.8 %

The firm has a market capitalization of C$139.64 million, a price-to-earnings ratio of 12.92 and a beta of 1.28. The firm’s 50-day moving average is C$15.00 and its 200 day moving average is C$13.81.

Bridgemarq Real Estate Services Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, November 29th. Investors of record on Thursday, October 31st were paid a $0.1125 dividend. This is a boost from Bridgemarq Real Estate Services’s previous monthly dividend of $0.11. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $1.35 annualized dividend and a dividend yield of 9.16%. Bridgemarq Real Estate Services’s 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.