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

Bridgemarq Real Estate Services Inc. (TSE:BRE)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$13.88 and traded as high as C$15.33. Bridgemarq Real Estate Services shares last traded at C$15.26, with a volume of 3,752 shares changing hands.

Analysts Set New Price Targets

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

Bridgemarq Real Estate Services Price Performance

The company’s 50-day moving average is C$15.05 and its 200-day moving average is C$13.88. The firm has a market capitalization of C$144.66 million, a price-to-earnings ratio of 13.39 and a beta of 1.28.

Bridgemarq Real Estate Services Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 31st will be given a dividend of $0.1125 per share. The ex-dividend date is Tuesday, December 31st. This represents a $1.35 dividend on an annualized basis and a yield of 8.85%. Bridgemarq Real Estate Services’s dividend payout ratio (DPR) is 118.42%.

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.