Bridge Investment Group (BRDG) to Release Earnings on Wednesday

Bridge Investment Group (NYSE:BRDG - Get Free Report) is scheduled to be announcing its earnings results after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of $0.18 per share for the quarter. Investors that wish to listen to the company's conference call can do so using this link.

Bridge Investment Group (NYSE:BRDG - Get Free Report) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.17 by $0.02. The business had revenue of $104.76 million during the quarter, compared to analyst estimates of $79.05 million. Bridge Investment Group had a net margin of 0.82% and a return on equity of 16.35%. During the same quarter in the previous year, the firm earned $0.20 earnings per share. 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 Up 2.3 %

Shares of NYSE:BRDG traded up $0.24 during midday trading on Wednesday, reaching $10.90. The company had a trading volume of 101,009 shares, compared to its average volume of 233,769. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.21 and a quick ratio of 1.21. The stock's fifty day moving average price is $9.41 and its 200-day moving average price is $8.15. The stock has a market capitalization of $1.32 billion, a P/E ratio of -99.09 and a beta of 1.65. Bridge Investment Group has a one year low of $6.18 and a one year high of $10.95.

Bridge Investment Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 4.77%. The ex-dividend date of this dividend was Friday, August 30th. This is a positive change from Bridge Investment Group's previous quarterly dividend of $0.12. Bridge Investment Group's payout ratio is -472.73%.

Wall Street Analyst Weigh In

A number of research firms have commented on BRDG. Morgan Stanley lifted their price objective on shares of Bridge Investment Group from $11.00 to $14.00 and gave the stock an "overweight" rating in a report on Thursday, October 10th. TD Cowen downgraded shares of Bridge Investment Group from a "buy" rating to a "hold" rating and boosted their price target for the company from $10.00 to $10.50 in a report on Monday, October 14th. Wells Fargo & Company boosted their price target on shares of Bridge Investment Group from $11.00 to $11.50 and gave the company an "overweight" rating in a report on Wednesday, October 9th. Finally, UBS Group boosted their price target on shares of Bridge Investment Group from $7.00 to $11.00 and gave the company a "neutral" rating in a report on Tuesday, October 22nd. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Bridge Investment Group has an average rating of "Moderate Buy" and an average target price of $11.70.

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.