Bridge Investment Group (BRDG) Scheduled to Post Quarterly Earnings on Wednesday

Bridge Investment Group (NYSE:BRDG) will be releasing its earnings data after the market closes on Wednesday, May 8th. Analysts expect Bridge Investment Group to post earnings of $0.16 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Bridge Investment Group (NYSE:BRDG) last released its quarterly earnings data on Wednesday, February 21st. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.04). The company had revenue of $70.52 million for the quarter, compared to the consensus estimate of $78.55 million. Bridge Investment Group had a negative net margin of 1.73% and a positive return on equity of 9.14%. 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 Stock Performance

Shares of BRDG opened at $6.96 on Monday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.00 and a current ratio of 1.00. The stock has a market capitalization of $842.65 million, a price-to-earnings ratio of -15.47 and a beta of 1.59. Bridge Investment Group has a 52-week low of $6.18 and a 52-week high of $13.07. The stock’s 50-day simple moving average is $6.76 and its 200 day simple moving average is $7.94.

Bridge Investment Group Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 8th were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 4.02%. The ex-dividend date of this dividend was Thursday, March 7th. Bridge Investment Group’s payout ratio is -62.22%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on BRDG. JPMorgan Chase & Co. decreased their target price on shares of Bridge Investment Group from $13.50 to $11.50 and set an “overweight” rating on the stock in a report on Friday, February 23rd. Wells Fargo & Company decreased their price target on shares of Bridge Investment Group from $12.00 to $10.00 and set an “overweight” rating on the stock in a report on Friday, February 23rd. UBS Group dropped their price objective on Bridge Investment Group from $9.50 to $6.50 and set a “neutral” rating for the company in a research note on Friday, March 15th. Finally, Morgan Stanley decreased their target price on Bridge Investment Group from $13.00 to $12.00 and set an “overweight” rating on the stock in a research note on Monday, February 26th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Bridge Investment Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $10.67.

Bridge Investment Group Company Profile

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.