Bridge Investment Group (BRDG) to Release Earnings on Thursday

Bridge Investment Group (NYSE:BRDG - Get Free Report) will likely be announcing its Q1 2025 earnings results before the market opens on Thursday, May 8th. Analysts expect the company to announce earnings of $0.17 per share and revenue of $77.60 million for the quarter.

Bridge Investment Group (NYSE:BRDG - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.08). The business had revenue of $71.80 million during the quarter, compared to the consensus estimate of $77.60 million. Bridge Investment Group had a return on equity of 9.91% and a net margin of 1.92%. 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

Shares of NYSE:BRDG traded down $0.10 during midday trading on Friday, reaching $9.31. 262,813 shares of the company traded hands, compared to its average volume of 262,991. The firm's fifty day moving average price is $9.25 and its two-hundred day moving average price is $9.09. The firm has a market capitalization of $1.15 billion, a price-to-earnings ratio of 232.81 and a beta of 1.46. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.86. Bridge Investment Group has a 12 month low of $6.73 and a 12 month high of $11.69.

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 4.73%. 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 dividend payout ratio is presently 488.89%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on BRDG. Wells Fargo & Company decreased their target price on shares of Bridge Investment Group from $11.00 to $9.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 8th. UBS Group increased their price objective on Bridge Investment Group from $7.50 to $12.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 26th. Five equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $10.40.

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.