Bridge Investment Group (NYSE:BRDG - Get Free Report) posted its quarterly earnings data on Thursday. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.08), Zacks reports. Bridge Investment Group had a return on equity of 9.91% and a net margin of 1.92%. The company had revenue of $71.80 million during the quarter, compared to the consensus estimate of $77.60 million.
Bridge Investment Group Stock Performance
Bridge Investment Group stock traded up $0.19 during mid-day trading on Tuesday, hitting $10.25. 304,927 shares of the company's stock traded hands, compared to its average volume of 265,449. The firm has a 50 day simple moving average of $9.25 and a two-hundred day simple moving average of $9.06. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.14 and a quick ratio of 1.14. The stock has a market cap of $1.27 billion, a price-to-earnings ratio of 256.31 and a beta of 1.46. Bridge Investment Group has a fifty-two week low of $6.81 and a fifty-two week high of $11.69.
Bridge Investment Group Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 4.29%. The ex-dividend date of this dividend was Friday, March 14th. This is an increase from Bridge Investment Group's previous quarterly dividend of $0.10. Bridge Investment Group's payout ratio is -84.62%.
Analyst Upgrades and Downgrades
A number of equities analysts recently weighed in on the stock. Wells Fargo & Company reduced their target price on shares of Bridge Investment Group from $11.00 to $9.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 8th. UBS Group upped their price target 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 research analysts have rated the stock with a hold rating, According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $10.40.
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Bridge Investment Group Company Profile
(
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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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