Investment group

Bridge Investment Group (NYSE:BRDG) PT raised to $21.00


Bridge Investment Group (NYSE: BRDG – Get a Rating) had its price target raised by Wells Fargo & Company research analysts from $19.00 to $21.00 in a report on Wednesday, Stock Target Advisor reports. The company currently has an “overweight” rating on the stock. Wells Fargo & Company’s price target suggests a potential upside of 14.82% from the current stock price.

Several other brokerages also recently commented on BRDG. Citigroup lowered its target price on Bridge Investment Group from $25.00 to $24.00 and set a “buy” rating on the stock in a Tuesday, April 12 report. Morgan Stanley raised its price target on Bridge Investment Group to $26.00 and gave the company an “overweight” rating in a Tuesday, May 17 report.

Bridge Investment Group Stock Performance

NYSE BRDG opened at $18.29 on Wednesday. The company has a market capitalization of $531.84 million and a P/E ratio of 10.63. Bridge Investment Group has a 1-year low of $13.74 and a 1-year high of $25.61. The company has a debt ratio of 0.23, a current ratio of 2.12 and a quick ratio of 2.12. The company’s 50-day simple moving average is $15.70 and its 200-day simple moving average is $18.29.

Bridge Investment Group (NYSE:BRDG – Get Rating) last released quarterly earnings data on Monday, May 9. The company reported earnings per share of $0.28 for the quarter, beating the consensus estimate of $0.17 by $0.11. The company had revenue of $104.13 million for the quarter. Bridge Investment Group achieved a return on equity of 4.92% and a net margin of 11.41%. Stock analysts predict that Bridge Investment Group will post EPS of 1.03 for the current year.

Institutional investors weigh in on Bridge Investment Group

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Burgundy Asset Management Ltd. increased its stake in Bridge Investment Group by 1.4% during the 4th quarter. Burgundy Asset Management Ltd. now owns 2,491,967 shares of the company worth $62,224,000 after purchasing an additional 34,217 shares in the last quarter. Jennison Associates LLC increased its stake in Bridge Investment Group by 8.2% during the second quarter. Jennison Associates LLC now owns 2,227,886 shares of the company worth $32,393,000 after purchasing an additional 168,490 shares in the last quarter. Vanguard Group Inc. increased its stake in Bridge Investment Group by 26.5% during the 1st quarter. Vanguard Group Inc. now owns 2,075,765 shares of the company worth $42,241,000 after purchasing an additional 434,346 shares in the last quarter. 1832 Asset Management LP increased its stake in Bridge Investment Group by 2.5% during the first quarter. 1832 Asset Management LP now owns 1,810,680 shares of the company worth $36,346,000 after buying 44,118 additional shares in the last quarter. Finally, Conversant Capital LLC increased its stake in Bridge Investment Group by 1.4% during the 1st quarter. Conversant Capital LLC now owns 1,236,926 shares of the company worth $25,171,000 after purchasing an additional 16,926 shares in the last quarter. 65.49% of the shares are currently held by hedge funds and other institutional investors.

About Bridge Investment Group

(Get an assessment)

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.

Featured articles

Stock Target Advisor logo



Receive daily news and reviews for Bridge Investment Group – Enter your email address below to receive a concise daily summary of breaking news and analyst notes for Bridge Investment Group and related companies with MarketBeat.com’s FREE daily email newsletter.