Shares of Bridge Investment Group Holdings Inc. (NYSE: BRDG – Get Rating) received an average rating of “Buy” from the six analysts who currently cover the company, MarketBeat Ratings reports. One research analyst has assigned the stock a sell rating, one has assigned a hold rating and four have assigned the company a buy rating. The 1-year average price target among brokers who have reported on the stock in the past year is $19.80.
Several equity analysts weighed in on BRDG shares. Citigroup lowered its price target on shares of Bridge Investment Group from $25.00 to $24.00 and set a “buy” rating on the stock in a Tuesday, April 12 report. Zacks Investment Research upgraded Bridge Investment Group from a “hold” rating to a “sell” rating in a Wednesday, March 2 report.
Shares of Bridge Investment Group opened at $19.00 on Friday. The company has a debt ratio of 0.27, a quick ratio of 2.81 and a current ratio of 2.81. The company’s 50-day moving average is $19.93. Bridge Investment Group has a 1-year minimum of $14.05 and a 1-year maximum of $25.61.
Bridge Investment Group (NYSE:BRDG – Get Rating) last released its quarterly results on Wednesday, March 2. The company reported EPS of $0.23 for the quarter, missing the consensus estimate of $0.24 per ($0.01). Bridge Investment Group achieved a return on equity of 17.23% and a net margin of 41.64%. The company posted revenue of $107.32 million for the quarter, compared to $72.80 million expected by analysts. As a group, analysts expect Bridge Investment Group to post earnings per share of 1.03 for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, March 25. Shareholders of record on Friday, March 11 received a dividend of $0.21. This represents a dividend of $0.84 on an annualized basis and a dividend yield of 4.42%. The ex-dividend date was Thursday, March 10.
Hedge funds and other institutional investors have recently changed their positions in the company. FourThought Financial LLC bought a new position in Bridge Investment Group during Q3, valued at approximately $62,000. 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 purchasing 2,407 additional shares during the period. Acadian Asset Management LLC acquired a new stake in Bridge Investment Group during the 4th quarter valued at approximately $186,000. Charles Schwab Investment Management Inc. acquired a new position in Bridge Investment Group in Q4 worth approximately $249,000. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Bridge Investment Group in the third quarter worth $274,000. 65.28% of the shares are currently held by institutional investors.
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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