Cormark Research Analysts Cut Earnings Estimates for TSE:BRE

Bridgemarq Real Estate Services Inc. (TSE:BRE - Free Report) - Equities researchers at Cormark cut their FY2024 EPS estimates for shares of Bridgemarq Real Estate Services in a research note issued to investors on Monday, November 18th. Cormark analyst J. Fenwick now forecasts that the company will post earnings of ($1.31) per share for the year, down from their prior forecast of ($0.14). Cormark also issued estimates for Bridgemarq Real Estate Services' FY2025 earnings at $0.39 EPS and FY2026 earnings at $0.76 EPS.

Bridgemarq Real Estate Services Price Performance

Shares of TSE BRE remained flat at C$15.13 during trading on Wednesday. 1,260 shares of the stock traded hands, compared to its average volume of 8,032. The firm has a market cap of C$143.43 million, a price-to-earnings ratio of 13.27 and a beta of 1.28. The firm has a fifty day moving average of C$14.55 and a two-hundred day moving average of C$13.57. Bridgemarq Real Estate Services has a 52-week low of C$11.50 and a 52-week high of C$15.79.

Bridgemarq Real Estate Services Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Thursday, October 31st will be paid a dividend of $0.1125 per share. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $1.35 dividend on an annualized basis and a yield of 8.92%. This is an increase from Bridgemarq Real Estate Services's previous monthly dividend of $0.11. Bridgemarq Real Estate Services's payout ratio 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.