Bridge Investment Group (BRDG) to Release Earnings on Wednesday

Bridge Investment Group (NYSE:BRDG) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, May 8th. Analysts expect Bridge Investment Group to post earnings of $0.16 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Bridge Investment Group (NYSE:BRDG) last announced its quarterly earnings data on Wednesday, February 21st. The company reported $0.14 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 analyst estimates of $78.55 million. Bridge Investment Group had a positive return on equity of 9.14% and a negative net margin of 1.73%. 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 Trading Up 1.6 %

NYSE BRDG opened at $6.96 on Monday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.82. Bridge Investment Group has a 12 month low of $6.18 and a 12 month high of $13.07. The company has a market capitalization of $842.65 million, a PE ratio of -15.47 and a beta of 1.59. The stock has a 50-day simple moving average of $6.76 and a 200 day simple moving average of $7.94.

Bridge Investment Group Cuts Dividend

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

Analyst Upgrades and Downgrades

BRDG has been the subject of a number of analyst reports. JPMorgan Chase & Co. decreased their price objective on shares of Bridge Investment Group from $13.50 to $11.50 and set an “overweight” rating for the company in a report on Friday, February 23rd. UBS Group lowered their price objective on shares of Bridge Investment Group from $9.50 to $6.50 and set a “neutral” rating for the company in a research report on Friday, March 15th. Morgan Stanley dropped their price objective 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. Finally, Wells Fargo & Company decreased their target price on Bridge Investment Group from $12.00 to $10.00 and set an “overweight” rating for the company in a research note on Friday, February 23rd. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target 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.