Bridgemarq Real Estate Services (TSE:BRE) Upgraded by ATB Cormark Capital Markets to Outperform Rating

ATB Cormark Capital Markets upgraded shares of Bridgemarq Real Estate Services (TSE:BRE) from a market perform rating to an outperform rating in a report issued on Monday,BayStreet.CA reports. They currently have C$11.25 price objective on the stock, down from their prior price objective of C$12.50.

Bridgemarq Real Estate Services Trading Down 11.3%

TSE BRE opened at C$5.59 on Monday. The company has a current ratio of 0.16, a quick ratio of 3.06 and a debt-to-equity ratio of -105.56. Bridgemarq Real Estate Services has a 1-year low of C$4.65 and a 1-year high of C$15.39. The firm’s fifty day simple moving average is C$13.01 and its 200-day simple moving average is C$13.58. The company has a market capitalization of C$53.02 million, a PE ratio of -27.95 and a beta of 0.94.

Bridgemarq Real Estate Services (TSE:BRE) last released its quarterly earnings data on Wednesday, May 13th. The company reported C$0.12 earnings per share (EPS) for the quarter. Bridgemarq Real Estate Services had a positive return on equity of 2.19% and a negative net margin of 0.49%.The firm had revenue of C$69.87 million during the quarter.

Bridgemarq Real Estate Services Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 30th were issued a dividend of $0.1125 per share. This represents a c) annualized dividend and a dividend yield of 24.2%. The ex-dividend date was Friday, May 29th. Bridgemarq Real Estate Services’s payout ratio is currently -675.00%.

About Bridgemarq Real Estate Services

Bridgemarq Real Estate Services Inc is a Canada-based real estate services company. Its segment includes providing information and services to real estate agents and brokers in Canada through a portfolio of real estate services brands. It supplies realtors with information, tools, and services to assist them in providing and delivery of real estate sales services. The company’s brands include Royal LePage and Via Capitale and Johnston and Daniel.