Investment group

Zacks: Analysts Expect Bridge Investment Group Holdings Inc. (NYSE: BRDG) to Report EPS of $0.17

Analysts expect Bridge Investment Group Holdings Inc. (NYSE: BRDG – Get Rating) to report earnings of $0.17 per share for the current quarter, reports Zacks Investment Research. Zero analysts have made earnings estimates for Bridge Investment Group, with the highest EPS estimate of $0.17 and the lowest estimate of $0.16. The company is expected to release its next results 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 post earnings of $1.20 per share, with EPS estimates ranging from $1.15 to $1.25. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that track Bridge Investment Group.

Bridge Investment Group (NYSE:BRDG – Get Rating) last released quarterly earnings data on Wednesday, March 2. The company reported EPS of $0.23 for the quarter, missing analyst consensus estimates 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 in the quarter, versus analyst estimates of $72.80 million.

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A number of research companies have recently published reports on BRDG. 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 Bridge Investment Group’s rating from a “hold” rating to a “sell” rating in a Wednesday, March 2 report. Morgan Stanley cut its price target on Bridge Investment Group shares from $26.00 to $25.00 and set an “overweight” rating for the company in a Wednesday, April 20 research note. Finally, Citigroup lowered its price target on Bridge Investment Group shares from $25.00 to $24.00 and placed a “buy” rating on the stock in a Tuesday, April 12 research note. One analyst rated the stock with a sell rating, one issued a hold rating and four assigned the company a buy rating. According to MarketBeat, the stock currently has an average buy rating and an average price target of $22.00.

A number of large investors have been buying and selling stocks recently. Jennison Associates LLC acquired a new position in Bridge Investment Group during Q3 worth $32,457,000. BlackRock Inc. acquired a new position in shares of Bridge Investment Group during Q3 worth approximately $1,449,000. Teacher Retirement System of Texas acquired a new position in shares of Bridge Investment Group during Q3 for a value of approximately $4,418,000. Full18 Capital LLC acquired a new stake in Bridge Investment Group in Q3, valued at approximately $963,000. Finally, Geode Capital Management LLC acquired a new equity position in Bridge Investment Group during the third quarter worth approximately $2,125,000. Institutional investors and hedge funds hold 65.28% of the company’s shares.

NYSE: BRDG fell $0.26 during midday trading on Tuesday, hitting $18.77. 172,809 shares were traded, against an average volume of 151,118. Bridge Investment Group has a 1-year low of $14.05 and a 1-year high of $25.61. The company’s fifty-day moving average price is $19.57. 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. This represents a dividend of $0.84 on an annualized basis and a dividend yield of 4.48%. The ex-dividend date was Thursday, March 10.

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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