NYSE:BRDG

Bridge Investment Group (BRDG) Stock Forecast, Price & News

$9.40

-0.13 (-1.36%)

(As of 09/22/2023 ET)

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Today's Range: $9.34
▼
$9.65
50-Day Range: $9.40
▼
$12.92
52-Week Range: $8.43
▼
$16.40

Volume: 76,153 shs
Average Volume: 157,116 shs
Market Capitalization: $313.49 million

P/E Ratio: N/A
Dividend Yield: 7.23%
Price Target: $15.08

Bridge Investment Group MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.67 Rating Score
Upside/Downside: 60.5% Upside
$15.08 Price Target
Short Interest: Bearish
2.25% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: 33.33%
From $0.81 to $1.08 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.51 out of 5 stars

Finance Sector

360th out of 845 stocks

Investment Advice Industry

24th out of 49 stocks

3.3

Analyst's Opinion

Consensus Rating
Bridge Investment Group has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 4 buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $15.08, Bridge Investment Group has a forecasted upside of 60.5% from its current price of $9.40.
Amount of Analyst Coverage
Bridge Investment Group has only been the subject of 2 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
2.25% of the float of Bridge Investment Group has been sold short.
Short Interest Ratio / Days to Cover
Bridge Investment Group has a short interest ratio ("days to cover") of 4.5.
Change versus previous month
Short interest in Bridge Investment Group has recently increased by 17.18%, indicating that investor sentiment is decreasing significantly.

2.5

Dividend Strength

Dividend Leadership
Bridge Investment Group is a leading dividend payer. It pays a dividend yield of 7.23%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Bridge Investment Group does not have a long track record of dividend growth.
Dividend Sustainability
Based on earnings estimates, Bridge Investment Group will have a dividend payout ratio of 62.96% next year. This indicates that Bridge Investment Group will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for BRDG.

0.6

News and Social Media Coverage

MarketBeat Follows
4 people have added Bridge Investment Group to their MarketBeat watchlist in the last 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Bridge Investment Group insiders have not sold or bought any company stock.
Percentage Held by Insiders
65.90% of the stock of Bridge Investment Group is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
58.41% of the stock of Bridge Investment Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Bridge Investment Group are expected to grow by 33.33% in the coming year, from $0.81 to $1.08 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Bridge Investment Group is -117.50, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Bridge Investment Group is -117.50, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Bridge Investment Group has a P/B Ratio of 0.43. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Bridge Investment Group (NYSE:BRDG) Stock

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.

BRDG Price History

30 days | 90 days | 365 days | Advanced Chart

BRDG Stock News Headlines

August 11, 2023 | finance.yahoo.com

Bridge Investment Group Holdings (NYSE:BRDG) Is Paying Out Less In Dividends Than Last Year

August 7, 2023 | finance.yahoo.com

Bridge Investment Group Holdings Inc. Reports Second Quarter 2023 Results

September 24, 2023 | Chaikin Analytics (Ad)

Holding NVDA? Read This Now

NVDA is likely not the best buy for A.I. investors. 50-year Wall Street veteran Marc Chaikin reveals what to buy instead. Learn more here.

August 1, 2023 | finance.yahoo.com

Investors in Bridge Investment Group Holdings (NYSE:BRDG) have unfortunately lost 22% over the last year

August 1, 2023 | finance.yahoo.com

Bridge Investment Group Announces Successful Closing of $550 Million Recapitalization of Assets From Bridge Multifamily Fund III Into a Continuation Fund

July 27, 2023 | finance.yahoo.com

FirstService (FSV) Surpasses Q2 Earnings and Revenue Estimates

July 11, 2023 | markets.businessinsider.com

The Latest Analyst Ratings for Bridge Investment Group

July 7, 2023 | finance.yahoo.com

Bridge Investment Group Announces Date of Second Quarter 2023 Earnings Release and Conference Call

September 24, 2023 | Chaikin Analytics (Ad)

Holding NVDA? Read This Now

NVDA is likely not the best buy for A.I. investors. 50-year Wall Street veteran Marc Chaikin reveals what to buy instead. Learn more here.

June 30, 2023 | thestreet.com

Bridge Investment Group Holdings Inc. Class A

June 26, 2023 | msn.com

Bridge Investment, Townsend launch JV focusing on gateway logistics assets in the U.S.

June 6, 2023 | finance.yahoo.com

Bridge Investment Group to Present at the 2023 Morgan Stanley US Financials, Payments & CRE Conference

June 1, 2023 | finance.yahoo.com

Bridge Net Lease, a Subsidiary of Bridge Investment Group, Acquires Manufacturing and Distribution Assets in Pennsylvania

June 1, 2023 | finance.yahoo.com

Are Options Traders Betting on a Big Move in Bridge Investment Group (BRDG) Stock?

May 26, 2023 | msn.com

Piper Sandler Maintains Bridge Investment Group Holdings Inc - (BRDG) Overweight Recommendation

May 25, 2023 | markets.businessinsider.com

Piper Sandler Keeps Their Buy Rating on Bridge Investment Group (BRDG)

May 25, 2023 | msn.com

Analyst Expectations for Bridge Investment Group's Future

May 12, 2023 | finance.yahoo.com

What You Need To Know About The Bridge Investment Group Holdings Inc. (NYSE:BRDG) Analyst Downgrade Today

May 12, 2023 | msn.com

Wells Fargo Maintains Bridge Investment Group Holdings Inc - (BRDG) Overweight Recommendation

May 12, 2023 | msn.com

Bridge Investment Group Holdings Inc - (BRDG) Declares $0.15 Dividend

May 10, 2023 | finance.yahoo.com

Q1 2023 Bridge Investment Group Holdings Inc Earnings Call

May 8, 2023 | finance.yahoo.com

Bridge Investment Group Holdings Inc. (BRDG) Q1 Earnings and Revenues Beat Estimates

May 8, 2023 | finance.yahoo.com

Bridge Investment Group Holdings Inc. Reports First Quarter 2023 Results

May 5, 2023 | msn.com

Earnings Outlook For Bridge Investment Group

May 3, 2023 | finance.yahoo.com

Kennedy-Wilson (KW) Reports Q1 Loss, Lags Revenue Estimates

May 1, 2023 | finance.yahoo.com

Analysts Estimate Bridge Investment Group Holdings Inc. (BRDG) to Report a Decline in Earnings: What to Look Out for

April 27, 2023 | finance.yahoo.com

Bridge Net Lease, a Subsidiary of Bridge Investment Group, Acquires Manufacturing Asset in California and Distribution Asset in Illinois

See More Headlines

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BRDG Company Calendar

Last Earnings: 8/07/2023
Ex-Dividend for 9/15 Dividend: 8/31/2023
Dividend Payable: 9/15/2023
Today: 9/24/2023
Next Earnings (Estimated): 11/14/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Investment advice
Sub-Industry: N/A
Sector: Finance
Current Symbol: NYSE:BRDG
CUSIP: N/A
CIK: 1854401
Web: www.bridgeig.com
Phone: 801-716-4500
Fax: N/A
Employees: 2,250
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $15.08
High Stock Price Forecast: $16.50
Low Stock Price Forecast: $13.00
Forecasted Upside/Downside: +60.5%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.67
Research Coverage: 6 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.08)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 11.60
P/E Growth: N/A
Net Income: $27.27 million
Net Margins: 0.24%
Pretax Margin: -1.84%
Return on Equity: 3.38%
Return on Assets: 1.72%

Debt

Debt-to-Equity Ratio: 0.72
Current Ratio: 1.00
Quick Ratio: 1.00

Sales & Book Value

Annual Sales: $409.05 million
Price / Sales: 0.77
Cash Flow: $6.44 per share
Price / Cash Flow: 1.46
Book Value: $22.10 per share
Price / Book: 0.43

Miscellaneous

Outstanding Shares: 33,350,000
Free Float: 11,371,000
Market Cap: $313.49 million
Optionable: Not Optionable
Beta: 1.75

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Key Executives

Mr. Robert Randolph Morse (Age 68)
Exec. Chairman
Comp: $2.83M

Mr. Jonathan Peter Slager (Age 63)
CEO & Director
Comp: $2.41M

Mr. Dean Anthony Allara (Age 61)
Head of Client Solutions Group & Vice Chairman
Comp: $2.11M

Mr. Adam Bernard O'Farrell (Age 50)
COO & Director
Comp: $2.28M

Ms. Katherine Elsnab (Age 42)
Chief Financial Officer

Mr. Garrett Behling (Age 41)
MD, Chief Accounting Officer, Principal Accounting Officer & Corp. Controller

Mr. Scott Cardenas
MD & CTO

Charlotte Morse
Managing Director of Investor Relations & Marketing

Mr. Jared Kent Forsgren
MD & Chief Compliance Officer

Mr. Matthew Grant
Sr. MD, Gen. Counsel & Sec.

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

BRDG Stock - Frequently Asked Questions

Should I buy or sell Bridge Investment Group stock right now?: 6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Bridge Investment Group in the last year. There are currently 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" BRDG shares.
View BRDG analyst ratings or view top-rated stocks.
What is Bridge Investment Group's stock price forecast for 2023?: 6 Wall Street analysts have issued twelve-month target prices for Bridge Investment Group's shares. Their BRDG share price forecasts range from $13.00 to $16.50. On average, they predict the company's stock price to reach $15.08 in the next year. This suggests a possible upside of 60.5% from the stock's current price.
View analysts price targets for BRDG or view top-rated stocks among Wall Street analysts.
How have BRDG shares performed in 2023?: Bridge Investment Group's stock was trading at $12.05 at the beginning of the year. Since then, BRDG shares have decreased by 22.0% and is now trading at $9.40.
View the best growth stocks for 2023 here.
Are investors shorting Bridge Investment Group?: Bridge Investment Group saw a increase in short interest in the month of August. As of August 31st, there was short interest totaling 671,100 shares, an increase of 17.2% from the August 15th total of 572,700 shares. Based on an average daily volume of 149,500 shares, the days-to-cover ratio is presently 4.5 days. Currently, 2.3% of the shares of the company are short sold.
View Bridge Investment Group's Short Interest.
When is Bridge Investment Group's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 14th 2023.
View our BRDG earnings forecast.
How were Bridge Investment Group's earnings last quarter?: Bridge Investment Group Holdings Inc. (NYSE:BRDG) released its quarterly earnings data on Monday, August, 7th. The company reported $0.20 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.20. The business had revenue of $98.80 million for the quarter, compared to analyst estimates of $78.78 million. Bridge Investment Group had a net margin of 0.24% and a trailing twelve-month return on equity of 3.38%. During the same period in the previous year, the firm earned $0.32 earnings per share.
How often does Bridge Investment Group pay dividends? What is the dividend yield for Bridge Investment Group?: Bridge Investment Group declared a quarterly dividend on Monday, August 7th. Investors of record on Friday, September 1st will be given a dividend of $0.17 per share on Friday, September 15th. This represents a $0.68 dividend on an annualized basis and a yield of 7.23%. The ex-dividend date is Thursday, August 31st. This is a boost from the stock's previous quarterly dividend of $0.15.
Read our dividend analysis for BRDG.
Is Bridge Investment Group a good dividend stock?: Bridge Investment Group (NYSE:BRDG) pays an annual dividend of $0.68 per share and currently has a dividend yield of 7.14%. BRDG has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for BRDG.

When did Bridge Investment Group IPO?: (BRDG) raised $300 million in an IPO on Friday, July 16th 2021. The company issued 18,750,000 shares at a price of $15.00-$17.00 per share.
What is Bridge Investment Group's stock symbol?: Bridge Investment Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "BRDG."
Who are Bridge Investment Group's major shareholders?: Bridge Investment Group's stock is owned by a number of retail and institutional investors. Top institutional investors include Jennison Associates LLC (9.08%), Burgundy Asset Management Ltd. (6.95%), Franklin Resources Inc. (4.67%), 1832 Asset Management L.P. (4.01%), BlackRock Inc. (1.56%) and Voss Capital LLC (1.14%).
How do I buy shares of Bridge Investment Group?: Shares of BRDG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Bridge Investment Group's stock price today?: One share of BRDG stock can currently be purchased for approximately $9.40.
How much money does Bridge Investment Group make?: Bridge Investment Group (NYSE:BRDG) has a market capitalization of $313.49 million and generates $409.05 million in revenue each year. The company earns $27.27 million in net income (profit) each year or ($0.08) on an earnings per share basis.
How many employees does Bridge Investment Group have?: The company employs 2,250 workers across the globe.
How can I contact Bridge Investment Group?: Bridge Investment Group's mailing address is 111 EAST SEGO LILY DRIVE SUITE 400, SALT LAKE CITY UT, 84070. The official website for the company is www.bridgeig.com. The company can be reached via phone at 801-716-4500 or via email at investorrelations@bridgeig.com.

This page (NYSE:BRDG) was last updated on 9/24/2023 by MarketBeat.com Staff

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