Investment group

Brokers expect Bridge Investment Group Holdings Inc. (NYSE: BRDG) to report earnings of $0.17 per share


Equity research analysts expect Bridge Investment Group Holdings Inc. (NYSE:BRDG – Get Rating) to post earnings per share of $0.17 for the current quarter, according to Zacks Investment Research. No analyst has made earnings estimates for Bridge Investment Group. The highest EPS estimate is $0.17 and the lowest is $0.16. The company is expected to release its next earnings report after the market closes on Monday, January 1.

On average, analysts expect Bridge Investment Group to report annual earnings of $1.01 per share for the current fiscal year, with EPS estimates ranging from $0.92 to $1.10. For the next fiscal year, analysts expect the company to report earnings of $1.20 per share, with EPS estimates ranging from $1.15 to $1.25. Zacks average earnings per share is an average average based on a survey of research analysts who track Bridge Investment Group.

Bridge Investment Group (NYSE: BRDG – Get Rating) last released its results on Wednesday, March 2. The company reported earnings per share of $0.23 for the quarter, missing the consensus estimate of $0.24 per ($0.01). The company posted revenue of $107.32 million in the quarter, compared to $72.80 million expected by analysts. Bridge Investment Group achieved a return on equity of 17.23% and a net margin of 41.64%.

A number of research analysts have weighed in on the company recently. 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 report. Wells Fargo & Company cut its price target on Bridge Investment Group shares from $24.00 to $22.00 and set an “overweight” rating for the company in a Tuesday, April 19 research report. Zacks Investment Research downgraded shares of Bridge Investment Group from a “hold” rating to a “sell” rating in a Wednesday, March 2 research note. Finally, Citigroup cut 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. An equity research analyst rated the stock with a sell rating, one gave the stock a hold rating, and four gave the stock a buy rating. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $22.00.

NYSE: BRDG fell $0.26 during trading hours on Tuesday, hitting $18.77. 172,809 shares of the stock traded in hands, compared to its average volume of 151,118. The company’s 50-day simple moving average is $19.57. Bridge Investment Group has a fifty-two week low of $14.05 and a fifty-two week high of $25.61. The company has a quick ratio of 2.81, a current ratio of 2.81 and a leverage ratio of 0.27.

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. The ex-dividend date was Thursday, March 10. This represents a dividend of $0.84 on an annualized basis and a dividend yield of 4.48%.

Several hedge funds have recently changed their stock holdings. FourThought Financial LLC acquired a new stake in Bridge Investment Group during the third quarter worth approximately $62,000. Wells Fargo & Company MN increased its stake in Bridge Investment Group by 764.1% in Q4. Wells Fargo & Company MN now owns 2,722 shares of the company valued at $68,000 after purchasing an additional 2,407 shares in the last quarter. Acadian Asset Management LLC bought a new position in Bridge Investment Group in Q4 worth $186,000. Charles Schwab Investment Management Inc. acquired a new position in Bridge Investment Group during Q4 worth $249,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in Bridge Investment Group during the third quarter at a value of approximately $274,000. 65.28% of the shares are currently held by institutional investors and hedge funds.

About Bridge Investment Group (Get an evaluation)

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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