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

Bridge Investment Group (NYSE:BRDG) is set to post 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 interested in listening to the company’s earnings conference call can do so using this link.

Bridge Investment Group (NYSE:BRDG) last posted its earnings results 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 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 Stock Performance

NYSE BRDG opened at $7.08 on Tuesday. The firm has a 50-day moving average of $6.76 and a 200-day moving average of $7.94. 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 cap of $857.15 million, a PE ratio of -15.73 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.

Bridge Investment Group Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 8th were paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.95%. The ex-dividend date of this dividend was Thursday, March 7th. Bridge Investment Group’s dividend payout ratio is presently -62.22%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. JPMorgan Chase & Co. cut their target price on shares of Bridge Investment Group from $13.50 to $11.50 and set an “overweight” rating for the company in a research note on Friday, February 23rd. UBS Group dropped 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 note on Friday, March 15th. Wells Fargo & Company dropped their price objective on shares of 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. Finally, Morgan Stanley dropped their price objective on shares of 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. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus 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.