Bridge Investment Group Holdings Inc. (NYSE:BRDG) Given Average Recommendation of “Moderate Buy” by Brokerages

Posted by on Oct 31st, 2023

Shares of Bridge Investment Group Holdings Inc. (NYSE:BRDG – Get Free Report) have been assigned an average rating of “Moderate Buy” from the six research firms that are currently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $14.92.

Several research firms recently commented on BRDG. JPMorgan Chase & Co. dropped their target price on Bridge Investment Group from $17.00 to $16.50 and set an “overweight” rating for the company in a research note on Wednesday, August 9th. Wells Fargo & Company upped their target price on Bridge Investment Group from $14.00 to $15.00 in a research note on Tuesday, July 11th. Finally, Morgan Stanley dropped their target price on Bridge Investment Group from $15.00 to $14.00 and set an “overweight” rating for the company in a research note on Wednesday, October 18th.

View Our Latest Stock Report on Bridge Investment Group

Institutional Investors Weigh In On Bridge Investment Group

A number of institutional investors have recently added to or reduced their stakes in BRDG. Captrust Financial Advisors boosted its position in shares of Bridge Investment Group by 89.7% in the first quarter. Captrust Financial Advisors now owns 1,231 shares of the company’s stock worth $25,000 after buying an additional 582 shares during the period. State of Wyoming purchased a new stake in shares of Bridge Investment Group in the second quarter worth about $28,000. Royal Bank of Canada boosted its position in shares of Bridge Investment Group by 126.3% in the third quarter. Royal Bank of Canada now owns 3,591 shares of the company’s stock worth $52,000 after buying an additional 2,004 shares during the period. UBS Group AG boosted its position in shares of Bridge Investment Group by 137.9% in the third quarter. UBS Group AG now owns 5,947 shares of the company’s stock worth $86,000 after buying an additional 3,447 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in shares of Bridge Investment Group by 769.5% in the first quarter. JPMorgan Chase & Co. now owns 8,373 shares of the company’s stock worth $170,000 after buying an additional 7,410 shares during the period. Hedge funds and other institutional investors own 58.41% of the company’s stock.

Bridge Investment Group Stock Performance

NYSE BRDG opened at $7.21 on Tuesday. Bridge Investment Group has a fifty-two week low of $6.99 and a fifty-two week high of $16.40. The stock has a market cap of $240.27 million, a price-to-earnings ratio of -90.06 and a beta of 1.75. The business has a fifty day moving average of $9.17 and a 200-day moving average of $10.24. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.72.

Bridge Investment Group (NYSE:BRDG – Get Free Report) last released its quarterly earnings results on Monday, August 7th. The company reported $0.20 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.20. The company had revenue of $98.80 million during the quarter, compared to analysts’ expectations of $78.78 million. Bridge Investment Group had a return on equity of 3.38% and a net margin of 0.24%. During the same period in the previous year, the firm posted $0.32 earnings per share. As a group, analysts predict that Bridge Investment Group will post 0.8 earnings per share for the current fiscal year.

Bridge Investment Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 9.44%. The ex-dividend date was Thursday, August 31st. This is an increase from Bridge Investment Group’s previous quarterly dividend of $0.15. Bridge Investment Group’s payout ratio is -850.00%.

Bridge Investment Group Company Profile

(Get Free Report

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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Analyst Recommendations for Bridge Investment Group (NYSE:BRDG)

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