Bridge Investment Group Holdings Inc. (NYSE: BRDG – Get Rating) has earned an average rating of “Buy” from the six rating agencies that currently cover the company, MarketBeat Ratings reports. Two equity research analysts rated the stock with a hold recommendation and four gave the company a buy recommendation. The 12-month average price target among brokerages that have rated the stock over the past year is $21.20.
Several brokerages have published reports on BRDG. Wells Fargo & Company lowered its price target on shares of Bridge Investment Group from $24.00 to $22.00 and set an “overweight” rating on the stock in a Tuesday, April 19 report. Morgan Stanley raised its price target on shares of Bridge Investment Group to $26.00 and gave the stock an “overweight” rating in a Tuesday, May 17 report. Zacks Investment Research upgraded shares of Bridge Investment Group from a “sell” rating to a “hold” rating in a Wednesday, May 11 research report. Finally, Citigroup lowered its price target on Bridge Investment Group shares from $25.00 to $24.00 and set a “buy” rating for the company in a Tuesday, April 12 research report.
Shares of NYSE BRDG traded down $0.08 at midday on Friday, hitting $18.25. The company had a trading volume of 407,787 shares, compared to an average volume of 164,603. The company’s 50-day moving average is $18.85 and its 200-day moving average is $20.48 . The company has a current ratio of 2.12, a quick ratio of 2.12 and a debt ratio of 0.23. The stock has a market cap of $530.89 million and a price-to-earnings ratio of 3.77. Bridge Investment Group has a 52-week low of $14.05 and a 52-week high of $25.61.
Bridge Investment Group (NYSE:BRDG – Get Rating) last released its quarterly results on Monday, May 9. The company reported EPS of $0.28 for the quarter, beating analyst consensus estimates of $0.17 by $0.11. The company had revenue of $104.13 million for the quarter. Bridge Investment Group achieved a net margin of 29.40% and a return on equity of 5.41%. As a group, equity research analysts expect Bridge Investment Group to post 1.1 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 17. Shareholders of record on Friday, June 3 will receive a dividend of $0.26 per share. The ex-dividend date is Thursday, June 2. This is a positive change from Bridge Investment Group’s previous quarterly dividend of $0.21. This represents a dividend of $1.04 on an annualized basis and a yield of 5.70%. Bridge Investment Group’s dividend payout ratio (DPR) is currently 21.49%.
Institutional investors and hedge funds have recently bought and sold shares of the company. Captrust Financial Advisors increased its stake in shares of Bridge Investment Group by 89.7% during the 1st quarter. Captrust Financial Advisors now owns 1,231 shares of the company worth $25,000 after purchasing an additional 582 shares during the period. Wells Fargo & Company MN increased its stake in shares of 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 an additional 2,407 shares during the period. FourThought Financial LLC acquired a new stake in the shares of Bridge Investment Group during Q3 for a value of approximately $62,000. Acadian Asset Management LLC acquired a new stake in the shares of Bridge Investment Group during the 4th quarter at a value of approximately $186,000. Finally, JPMorgan Chase & Co. increased its stake in shares of Bridge Investment Group by 769.5% during the 1st quarter. JPMorgan Chase & Co. now owns 8,373 shares of the company worth $170,000 after purchasing an additional 7,410 shares during the period. 65.49% of the shares are 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 approximately 25 investment vehicles. The company was founded in 2009 and is based in Salt Lake City, Utah.
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