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

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

Bridge Investment Group (NYSE:BRDG) last released its earnings results on Wednesday, February 21st. The company reported $0.14 EPS for the quarter, missing the consensus estimate 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 1.7 %

NYSE:BRDG opened at $7.08 on Tuesday. The stock has a 50-day simple moving average of $6.76 and a 200-day simple moving average of $7.94. The stock has a market cap of $857.15 million, a P/E ratio of -15.73 and a beta of 1.59. Bridge Investment Group has a 1 year low of $6.18 and a 1 year high of $13.07. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.00 and a current ratio of 1.00.

Bridge Investment Group Cuts Dividend

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

Analyst Ratings Changes

Several research analysts have recently issued reports on BRDG shares. JPMorgan Chase & Co. lowered their price objective on Bridge Investment Group from $13.50 to $11.50 and set an “overweight” rating for the company in a research report on Friday, February 23rd. Morgan Stanley lowered their price objective on Bridge Investment Group from $13.00 to $12.00 and set an “overweight” rating for the company in a research report on Monday, February 26th. UBS Group lowered their price objective on 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. Finally, Wells Fargo & Company lowered their price objective on Bridge Investment Group from $12.00 to $10.00 and set an “overweight” rating for the company in a research report on Friday, February 23rd. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average 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.