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

Bridgemarq Real Estate Services Inc. (TSE:BRE) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as C$15.08 and last traded at C$15.09, with a volume of 2675 shares traded. The stock had previously closed at C$15.09.

Wall Street Analyst Weigh In

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

Bridgemarq Real Estate Services Stock Up 0.2 %

The company has a market capitalization of C$143.34 million, a PE ratio of 13.26 and a beta of 1.28. The stock’s fifty day simple moving average is C$14.05 and its 200-day simple moving average is C$13.41.

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

Bridgemarq Real Estate Services Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Thursday, October 31st will be given a dividend of $0.1125 per share. This represents a $1.35 dividend on an annualized basis and a yield of 8.93%. The ex-dividend date of this dividend is Thursday, October 31st. This is a boost from Bridgemarq Real Estate Services’s previous monthly dividend of $0.11. Bridgemarq Real Estate Services’s dividend payout ratio (DPR) is currently 118.42%.

Insider Activity

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