Zacks: Brokerages Expect Bridge Investment Group Holdings Inc. (NYSE:BRDG) Will Announce Earnings of $0.19 Per Share

Wall Street brokerages expect Bridge Investment Group Holdings Inc. (NYSE:BRDGGet Rating) to report $0.19 earnings per share for the current quarter, Zacks reports. Zero analysts have made estimates for Bridge Investment Group’s earnings, with the highest EPS estimate coming in at $0.20 and the lowest estimate coming in at $0.17. Bridge Investment Group posted earnings of $0.25 per share in the same quarter last year, which suggests a negative year over year growth rate of 24%. The business is scheduled to issue its next earnings results on Monday, January 1st.

On average, analysts expect that Bridge Investment Group will report full year earnings of $1.10 per share for the current year, with EPS estimates ranging from $1.06 to $1.13. For the next financial year, analysts forecast that the business will post earnings of $1.22 per share, with EPS estimates ranging from $1.16 to $1.28. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that follow Bridge Investment Group.

Bridge Investment Group (NYSE:BRDGGet Rating) last released its quarterly earnings data on Tuesday, May 10th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.17. Bridge Investment Group had a return on equity of 5.41% and a net margin of 29.40%.

Several research analysts have issued reports on the company. Wells Fargo & Company cut their price objective on 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 upgraded Bridge Investment Group from a “sell” rating to a “hold” rating in a research report on Wednesday, May 11th. Morgan Stanley raised their price target on Bridge Investment Group to $26.00 and gave the company an “overweight” rating in a research report on Tuesday. Finally, Citigroup dropped their price target on 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. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $22.17.

A number of institutional investors have recently bought and sold shares of BRDG. BlackRock Inc. purchased a new stake in Bridge Investment Group during the 3rd quarter worth about $1,449,000. Teacher Retirement System of Texas purchased a new stake in Bridge Investment Group during the 3rd quarter worth about $4,418,000. Full18 Capital LLC purchased a new stake in Bridge Investment Group during the 3rd quarter worth about $963,000. Geode Capital Management LLC acquired a new stake in Bridge Investment Group in the 3rd quarter worth about $2,125,000. Finally, Equitable Holdings Inc. acquired a new stake in Bridge Investment Group in the 3rd quarter worth about $306,000. Hedge funds and other institutional investors own 65.49% of the company’s stock.

NYSE:BRDG opened at $18.70 on Monday. The stock has a fifty day moving average price of $18.89 and a two-hundred day moving average price of $20.54. The stock has a market capitalization of $543.98 million and a price-to-earnings ratio of 3.86. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.12 and a current ratio of 2.12. Bridge Investment Group has a 1 year low of $14.05 and a 1 year high of $25.61.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 17th. Investors of record on Friday, June 3rd will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 5.56%. The ex-dividend date is Thursday, June 2nd. This is a boost from Bridge Investment Group’s previous quarterly dividend of $0.21. Bridge Investment Group’s dividend payout ratio (DPR) is currently 17.36%.

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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