Wells Fargo & Company Has Lowered Expectations for Bridge Investment Group (NYSE:BRDG) Stock Price

Bridge Investment Group (NYSE:BRDG - Free Report) had its price target lowered by Wells Fargo & Company from $11.00 to $9.00 in a research note published on Tuesday,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

Several other equities analysts have also commented on the company. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $10.00 price target (down previously from $12.00) on shares of Bridge Investment Group in a research note on Tuesday, January 7th. UBS Group lifted their price target on Bridge Investment Group from $7.50 to $12.00 and gave the stock a "neutral" rating in a report on Wednesday, February 26th. Five research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $10.40.

Bridge Investment Group Stock Up 1.8 %

BRDG traded up $0.16 on Tuesday, hitting $8.77. The company had a trading volume of 213,471 shares, compared to its average volume of 262,471. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.14 and a current ratio of 1.14. The stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of 219.23 and a beta of 1.46. The stock has a fifty day moving average price of $9.08 and a 200-day moving average price of $9.22. Bridge Investment Group has a 12-month low of $6.49 and a 12-month high of $11.69.

Bridge Investment Group (NYSE:BRDG - Get Free Report) last issued its earnings results on Monday, February 24th. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.02. The firm had revenue of $81.96 million during the quarter, compared to analysts' expectations of $82.02 million. Bridge Investment Group had a net margin of 1.92% and a return on equity of 9.91%. Analysts predict that Bridge Investment Group will post 0.68 EPS for the current fiscal year.

Bridge Investment Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 5.02%. This is an increase from Bridge Investment Group's previous quarterly dividend of $0.10. The ex-dividend date was Friday, March 14th. Bridge Investment Group's payout ratio is 488.89%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in BRDG. FMR LLC lifted its stake in shares of Bridge Investment Group by 288.0% in the 3rd quarter. FMR LLC now owns 1,509,690 shares of the company's stock worth $14,901,000 after acquiring an additional 1,120,549 shares during the period. Royce & Associates LP raised its position in Bridge Investment Group by 29.3% during the fourth quarter. Royce & Associates LP now owns 999,626 shares of the company's stock valued at $8,397,000 after buying an additional 226,396 shares during the period. Arrowstreet Capital Limited Partnership grew its position in Bridge Investment Group by 322.4% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 280,196 shares of the company's stock valued at $2,354,000 after purchasing an additional 213,857 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Bridge Investment Group by 6.4% in the fourth quarter. Vanguard Group Inc. now owns 3,481,145 shares of the company's stock worth $29,242,000 after acquiring an additional 208,022 shares during the last quarter. Finally, Lord Abbett & CO. LLC lifted its holdings in shares of Bridge Investment Group by 17.2% during the 4th quarter. Lord Abbett & CO. LLC now owns 964,060 shares of the company's stock valued at $8,098,000 after buying an additional 141,178 shares during the last quarter. 52.83% of the stock is currently owned by institutional investors.

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.