Brokerages Expect Bridge Investment Group Holdings Inc. (NYSE:BRDG) Will Announce Earnings of $0.17 Per Share

Equities research analysts expect Bridge Investment Group Holdings Inc. (NYSE:BRDG – Get Rating) to post $0.17 earnings per share for the current quarter, according to Zacks Investment Research. Zero analysts have made estimates for Bridge Investment Group’s earnings. The highest EPS estimate is $0.17 and the lowest is $0.16. The company is expected to report its next earnings report after the market closes on Monday, January 1st.

On average, analysts expect that Bridge Investment Group will report full year earnings of $1.01 per share for the current financial year, with EPS estimates ranging from $0.92 to $1.10. For the next financial year, analysts forecast that the firm will report earnings of $1.20 per share, with EPS estimates ranging from $1.15 to $1.25. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that follow Bridge Investment Group.

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

A number of research analysts have recently weighed in on the company. Morgan Stanley lowered their price target on Bridge Investment Group from $26.00 to $25.00 and set an “overweight” rating on the stock in a report on Wednesday, April 20th. Wells Fargo & Company reduced their price target on shares of Bridge Investment Group from $24.00 to $22.00 and set an “overweight” rating for the company in a research report on Tuesday, April 19th. Zacks Investment Research lowered shares of Bridge Investment Group from a “hold” rating to a “sell” rating in a research note on Wednesday, March 2nd. Finally, Citigroup cut their target price on shares of Bridge Investment Group from $25.00 to $24.00 and set a “buy” rating for the company in a research report on Tuesday, April 12th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $22.00.

NYSE:BRDG traded down $0.26 during trading hours on Tuesday, hitting $18.77. 172,809 shares of the stock traded hands, compared to its average volume of 151,118. The business’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 debt-to-equity ratio of 0.27.

The business also recently declared a quarterly dividend, which was paid on Friday, March 25th. Shareholders of record on Friday, March 11th were given a $0.21 dividend. The ex-dividend date was Thursday, March 10th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.48%.

Several hedge funds have recently modified their holdings of the stock. FourThought Financial LLC bought a new stake in Bridge Investment Group during the third quarter worth approximately $62,000. Wells Fargo & Company MN grew its stake in Bridge Investment Group by 764.1% in the 4th quarter. Wells Fargo & Company MN now owns 2,722 shares of the company’s stock valued at $68,000 after buying an additional 2,407 shares during the last quarter. Acadian Asset Management LLC bought a new position in Bridge Investment Group in the 4th quarter worth $186,000. Charles Schwab Investment Management Inc. acquired a new position in Bridge Investment Group during the 4th quarter worth $249,000. Finally, Cubist Systematic Strategies LLC bought a new stake in Bridge Investment Group during the third quarter valued at about $274,000. 65.28% 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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