Investment group

TheStreet downgrades Bridge Investment Group (NYSE: BRDG) to D+

Bridge Investment Group (NYSE: BRDG – Get Rating) was downgraded by TheStreet research analysts from a “c-” rating to a “d+” rating in a research report released to clients and investors on Wednesday, TheStreetRatingsTable reports.

Other equity research analysts have also recently published research reports on the stock. Credit Suisse Group began covering shares of Bridge Investment Group in a report released on Tuesday. They set a “neutral” rating and a price target of $15.00 on the stock. Wells Fargo & Company raised its price target on Bridge Investment Group shares from $19.00 to $21.00 and gave the company an “overweight” rating in a Wednesday, August 10 research report. Finally, Morgan Stanley lowered its price target on Bridge Investment Group shares from $22.00 to $21.00 and set an “overweight” rating on the stock in a research report Wednesday. One analyst has rated the stock with a hold rating and three have assigned the stock a buy rating. According to MarketBeat, Bridge Investment Group has a consensus rating of “Moderate Buy” and a consensus price target of $20.25.

Bridge Investment Group Price Performance

BRDG shares opened at $14.47 on Wednesday. The stock has a market capitalization of $421.53 million, a PE ratio of 8.41 and a beta of 1.82. The company has a debt ratio of 0.22, a quick ratio of 1.13 and a current ratio of 1.13. Bridge Investment Group has a fifty-two week low of $13.74 and a fifty-two week high of $25.61. The company’s 50-day simple moving average is $15.99 and its two-hundred-day simple moving average is $16.73.

Bridge Investment Group (NYSE:BRDG – Get Rating) last reported quarterly earnings data on Monday, August 8. The company reported earnings per share of $0.32 for the quarter, beating analyst consensus estimates of $0.19 by $0.13. The company had revenue of $99.02 million for the quarter. Bridge Investment Group achieved a net margin of 11.41% and a return on equity of 4.61%. Analysts expect Bridge Investment Group to post 1.1 earnings per share for the current fiscal year.

Institutional entries and exits

Institutional investors and hedge funds have recently changed their holdings in the company. Captrust Financial Advisors increased its position in Bridge Investment Group by 89.7% during the first quarter. Captrust Financial Advisors now owns 1,231 shares of the company worth $25,000 after buying 582 additional shares in the last quarter. Steward Partners Investment Advisory LLC acquired a new equity position in Bridge Investment Group in Q2 worth $96,000. JPMorgan Chase & Co. increased its stake in shares of Bridge Investment Group by 769.5% in the 1st quarter. JPMorgan Chase & Co. now owns 8,373 shares of the company valued at $170,000 after purchasing an additional 7,410 shares during the period. PDT Partners LLC increased its stake in shares of Bridge Investment Group by 13.6% in Q2. PDT Partners LLC now owns 14,331 shares of the company valued at $208,000 after purchasing an additional 1,721 shares during the period. Finally, Keybank National Association OH acquired a new position in shares of Bridge Investment Group in Q2 worth $226,000. Hedge funds and other institutional investors own 59.49% of the company’s shares.

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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