Bridge Investment Group (BRDG) to Release 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. Persons interested in participating in the company’s earnings conference call can do so using this link.

Bridge Investment Group (NYSE:BRDG) last posted its quarterly earnings data on Wednesday, February 21st. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.04). Bridge Investment Group had a positive return on equity of 9.14% and a negative net margin of 1.73%. The company had revenue of $70.52 million during the quarter, compared to the consensus estimate of $78.55 million. 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 Down 5.0 %

Shares of NYSE BRDG opened at $6.61 on Wednesday. Bridge Investment Group has a one year low of $6.18 and a one year high of $13.07. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.00 and a quick ratio of 1.00. The firm’s 50 day simple moving average is $6.82 and its two-hundred day simple moving average is $7.97. The stock has a market capitalization of $799.67 million, a P/E ratio of -14.68 and a beta of 1.61.

Bridge Investment Group Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 4.24%. The ex-dividend date was Thursday, March 7th. Bridge Investment Group’s payout ratio is currently -62.22%.

Analyst Ratings Changes

A number of research analysts have commented on BRDG shares. Wells Fargo & Company reduced 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 research report on Friday, February 23rd. UBS Group reduced their price target on shares of Bridge Investment Group from $9.50 to $6.50 and set a “neutral” rating on the stock in a research report on Friday, March 15th. JPMorgan Chase & Co. reduced their price target on shares of Bridge Investment Group from $13.50 to $11.50 and set an “overweight” rating on the stock in a research report on Friday, February 23rd. Morgan Stanley dropped their price objective on Bridge Investment Group from $13.00 to $12.00 and set an “overweight” rating for the company in a research note on Monday, February 26th. Finally, TD Cowen began coverage on Bridge Investment Group in a research note on Thursday, January 4th. They set an “outperform” rating and a $11.00 price objective for the company. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $10.67.

About Bridge Investment Group

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.