Bridge Investment Group (NYSE: BRDG – Get Rating) is expected to report results after market close on Monday, May 9. Analysts expect the company to report earnings of $0.17 per share for the quarter. Those interested in registering for the company’s earnings conference call can do so using this link.
Bridge Investment Group (NYSE: BRDG – Get Rating) last announced its results on Wednesday, March 2. The company reported earnings per share of $0.23 for the quarter, missing the Zacks consensus estimate of $0.24 per ($0.01). The company posted revenue of $107.32 million for the quarter, versus a consensus estimate of $72.80 million. Bridge Investment Group achieved a return on equity of 17.23% and a net margin of 41.64%. On average, analysts expect Bridge Investment Group to post EPS of $1 for the current fiscal year and EPS of $1 for the next fiscal year.
NYSE BRDG shares opened at $18.78 on Monday. The company has a debt ratio of 0.27, a quick ratio of 2.81 and a current ratio of 2.81. Bridge Investment Group has a 1-year minimum of $14.05 and a 1-year maximum of $25.61. The company’s 50-day moving average price is $19.38.
The company also recently announced a quarterly dividend, which was paid on Friday, March 25. Shareholders of record on Friday, March 11 received a dividend of $0.21 per share. The ex-dividend date was Thursday, March 10. This represents a dividend of $0.84 on an annualized basis and a dividend yield of 4.47%.
A number of institutional investors have recently bought and sold shares of BRDG. Wells Fargo & Company MN increased its stake in Bridge Investment Group by 764.1% during the 4th quarter. Wells Fargo & Company MN now owns 2,722 shares of the company worth $68,000 after acquiring 2,407 additional shares during the period. Charles Schwab Investment Management Inc. acquired a new stake in shares of Bridge Investment Group in Q4 worth $249,000. Cubist Systematic Strategies LLC acquired a new stake in Bridge Investment Group stock in Q3 valued at $274,000. State Street Corp increased its holdings of Bridge Investment Group shares by 140.4% in the fourth quarter. State Street Corp now owns 139,208 shares of the company valued at $3,476,000 after purchasing an additional 81,308 shares last quarter. Finally, Geode Capital Management LLC increased its stake in Bridge Investment Group shares by 47.1% during the 4th quarter. Geode Capital Management LLC now owns 176,981 shares of the company valued at $4,419,000 after acquiring an additional 56,680 shares last quarter. Hedge funds and other institutional investors own 65.49% of the company’s shares.
A number of stock analysts have weighed in on the company recently. Zacks Investment Research downgraded Bridge Investment Group from a “Hold” rating to a “Sell” rating in a Wednesday, March 2 research note. Morgan Stanley lowered its price target on Bridge Investment Group from $26.00 to $25.00 and set an “overweight” rating on the stock in a Wednesday, April 20 research note. Wells Fargo & Company lowered its price target on Bridge Investment Group from $24.00 to $22.00 and set an “overweight” rating on the stock in a Tuesday, April 19 research note. Finally, Citigroup lowered its price target on Bridge Investment Group from $25.00 to $24.00 and set a “buy” rating on the stock in a Tuesday, April 12 research note. One research analyst rated the stock with a sell rating, one gave the stock a hold rating and four gave the stock a buy rating. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $22.00.
Bridge Investment Group Company Profile (Get a rating)
Bridge Investment Group Holdings Inc is engaged in real estate investment management business in the United States. It manages capital on behalf of around 100 global institutions and 6,500 individual investors through around 25 investment vehicles. The company was founded in 2009 and is based in Salt Lake City, Utah.
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