Bridgemarq Real Estate Services (TSE:BRE) Reaches New 52-Week High – Should You Buy?

Bridgemarq Real Estate Services Inc. (TSE:BRE) shares reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$15.67 and last traded at C$15.49, with a volume of 42721 shares traded. The stock had previously closed at C$15.10.

Wall Street Analysts Forecast Growth

Separately, Cormark upgraded Bridgemarq Real Estate Services to a “moderate buy” rating in a research report on Thursday, October 10th.

Bridgemarq Real Estate Services Stock Performance

The stock has a market capitalization of C$148.17 million, a P/E ratio of 13.25 and a beta of 1.28. The stock has a 50-day moving average price of C$14.40 and a two-hundred day moving average price of C$13.52.

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

Bridgemarq Real Estate Services Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Thursday, October 31st will be given a $0.1125 dividend. This is a positive change from Bridgemarq Real Estate Services’s previous monthly dividend of $0.11. This represents a $1.35 dividend on an annualized basis and a dividend yield of 8.64%. The ex-dividend date of this dividend is Thursday, October 31st. Bridgemarq Real Estate Services’s dividend payout ratio (DPR) is currently 118.42%.

Insider Transactions at Bridgemarq Real Estate Services

In other news, Director Gitanjli Datt purchased 3,000 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The shares were bought at an average cost of C$13.11 per share, for a total transaction of C$39,330.00. Corporate insiders own 0.89% of the company’s stock.

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.