Bridge Investment Group (BRDG) Set to Announce Earnings on Monday

Bridge Investment Group (NYSE:BRDGGet Rating) is scheduled to release its earnings data after the market closes on Monday, August 8th. Analysts expect Bridge Investment Group to post earnings of $0.19 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Bridge Investment Group (NYSE:BRDGGet Rating) last issued its quarterly earnings data on Monday, May 9th. The company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.17 by $0.11. The business had revenue of $104.13 million during the quarter. Bridge Investment Group had a net margin of 29.40% and a return on equity of 5.41%. On average, analysts expect Bridge Investment Group to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Bridge Investment Group Price Performance

Shares of NYSE:BRDG opened at $17.03 on Monday. The company has a market cap of $495.42 million and a price-to-earnings ratio of 3.52. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.12 and a quick ratio of 2.12. The firm has a 50 day simple moving average of $16.03 and a 200 day simple moving average of $18.56. Bridge Investment Group has a one year low of $13.74 and a one year high of $25.61.

Bridge Investment Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 17th. Investors of record on Friday, June 3rd were paid a $0.26 dividend. This is an increase from Bridge Investment Group’s previous quarterly dividend of $0.21. The ex-dividend date was Thursday, June 2nd. This represents a $1.04 annualized dividend and a yield of 6.11%. Bridge Investment Group’s dividend payout ratio is presently 21.49%.

Wall Street Analyst Weigh In

BRDG has been the subject of several analyst reports. Citigroup dropped their price target on shares of Bridge Investment Group from $25.00 to $24.00 and set a “buy” rating for the company in a research note on Tuesday, April 12th. Wells Fargo & Company dropped their price target on shares of Bridge Investment Group from $22.00 to $19.00 and set an “overweight” rating for the company in a research note on Wednesday, July 13th. Finally, Morgan Stanley raised their price target on shares of Bridge Investment Group to $26.00 and gave the company an “overweight” rating in a research note on Tuesday, May 17th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $20.60.

Institutional Investors Weigh In On Bridge Investment Group

Large investors have recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in Bridge Investment Group by 26.5% in the first quarter. Vanguard Group Inc. now owns 2,075,765 shares of the company’s stock worth $42,241,000 after purchasing an additional 434,346 shares during the period. 1832 Asset Management L.P. grew its holdings in Bridge Investment Group by 2.5% in the first quarter. 1832 Asset Management L.P. now owns 1,810,680 shares of the company’s stock worth $36,346,000 after purchasing an additional 44,118 shares during the period. Lord Abbett & CO. LLC grew its holdings in Bridge Investment Group by 39.0% in the first quarter. Lord Abbett & CO. LLC now owns 557,049 shares of the company’s stock worth $11,336,000 after purchasing an additional 156,156 shares during the period. BlackRock Inc. grew its holdings in Bridge Investment Group by 1.1% in the first quarter. BlackRock Inc. now owns 342,538 shares of the company’s stock worth $6,971,000 after purchasing an additional 3,650 shares during the period. Finally, Goldman Sachs Group Inc. acquired a new stake in Bridge Investment Group in the first quarter worth $2,177,000. 65.49% of the stock is currently owned by institutional investors and hedge funds.

About Bridge Investment Group

(Get Rating)

Bridge Investment Group Holdings Inc engages in the real estate investment management business in the United States. It manages capital on behalf of approximately hundred global institutions and 6,500 individual investors across approximately 25 investment vehicles. The company was founded in 2009 and is headquartered in Salt Lake City, Utah.

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