Bridge Investment Group (NYSE:BRDG) Issues Earnings Results

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

Bridge Investment Group Stock Performance

Shares of NYSE:BRDG traded down $0.14 during trading on Thursday, reaching $9.99. 67,013 shares of the company's stock traded hands, compared to its average volume of 265,177. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.14 and a quick ratio of 1.14. Bridge Investment Group has a 12 month low of $6.81 and a 12 month high of $11.69. The company has a 50 day moving average of $9.28 and a 200-day moving average of $9.08. The stock has a market capitalization of $1.24 billion, a P/E ratio of 249.69 and a beta of 1.46.

Bridge Investment Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 4.40%. The ex-dividend date was Friday, March 14th. This is a positive change from Bridge Investment Group's previous quarterly dividend of $0.10. Bridge Investment Group's dividend payout ratio is -84.62%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. UBS Group lifted their target price on shares of Bridge Investment Group from $7.50 to $12.00 and gave the company a "neutral" rating in a report on Wednesday, February 26th. Wells Fargo & Company cut their price objective 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. Five equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $10.40.

Bridge Investment Group Company Profile

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.