Bridge Investment Group Holdings Inc.’s (NYSE:BRDG – Get Ratings) stock receives an average of ‘moderate buy’ recommendations from the six research firms currently covering the company, MarketBeat Ratings said. reporting. One of his stock research analysts recommended a hold, and three of him recommended a buy on the company. Last year, the average 12-month price target for brokerage firms that issued stock ratings was $19.10.
Many equity analysts have recently commented on stocks. Morgan Stanley lowered its price target on Bridge Investment Group stock from her $22.00 to her $21.00 and gave it an “overweight” rating in its research notes on Wednesday, Oct. 19. Credit Suisse Group set her $13.50 price target for Bridge Investment Group in a research note on Wednesday, Nov. 23. TheStreet downgraded Bridge Investment Group’s rating from ‘c-‘ to ‘d+’ in its research notes on Wednesday, October 19. Finally, UBS Group raised Bridge Investment Group’s price target from $15.00 to $16.00, giving the company a ‘neutral’ rating in its report on Tuesday, November 15th.
Bridge investment group price performance
BRDG shares Wednesday opened at $12.41. The company has a market capitalization of $362.96 million, a PE ratio of 8.39 and a beta of 1.63. The company has a current ratio of 2.42, a quick ratio of 2.42 and a debt to equity ratio of 0.45. His 50-day moving average price for this stock is $14.14 and its 200-day moving average price is $15.18. The Bridge Investment Group hit a 12-month low of $11.88 and a 12-month high of $25.22.
Bridge Investment Group (NYSE:BRDG – Get Rating) announced final results on Tuesday, November 8th. The company reported his earnings per share (EPS) of $0.29 for the quarter, beating analyst consensus expectations of $0.24 by $0.05. Bridge Investment Group’s return on equity was 4.35% and net profit margin was 9.45%. Revenue for the business for the quarter was $110.42 million. As a group, research analysts expect Bridge Investment Group to post 1.12 EPS this year.
Bridge Investment Group cuts dividend
The company recently announced a quarterly dividend, which was paid out on Friday, December 16th. Shareholders of record on Friday, December 2 were awarded a dividend of $0.27 per share. This represents his $1.08 dividend and his 8.70% dividend yield on an annual basis. The ex-dividend date for this dividend was Thursday, December 1. Bridge Investment Group’s payout ratio is 72.97%.
institution inflow and outflow
A number of institutional investors and hedge funds have recently bought and sold shares in this business. JPMorgan Chase & Company increased its stake in Bridge Investment Group by 769.5% in the first quarter. JPMorgan Chase & Co. now owns his 8,373 shares worth $170,000 after purchasing an additional 7,410 of his shares last quarter. Bank of New York Mellon Corp increased its position in Bridge Investment Group equities by 6.2% in the first quarter. Bank of New York Mellon Corporation now owns 63,146 shares of the company worth $1,285,000 after purchasing an additional 3,703 of his shares during the previous quarter. BlackRock Inc. raised its stake in Bridge Investment Group by 1.1% in the first quarter. BlackRock Inc. now owns 342,538 shares of the company worth $6,971,000 after purchasing an additional 3,650 of his shares last quarter. Lord Abbett & CO. LLC increased its position in Bridge Investment Group stock by 39.0% in the first quarter. Lord Abbett & CO. LLC now owns 557,049 shares worth $11,336,000 after purchasing an additional 156,156 shares during the previous quarter. Finally, Vanguard Group Inc. increased its stake in Bridge Investment Group by 26.5% in the first quarter. Vanguard Group Inc. now owns 2,075,765 shares worth $42,241,000 after purchasing an additional 434,346 shares in the previous quarter. Hedge funds and other institutional investors own 59.37% of the company’s shares.
About Bridge Investment Group
Bridge Investment Group Holdings Inc is a real estate investment management business in the United States. Across approximately 25 investment vehicles, approximately 100 global institutions and he manages capital on behalf of 6,500 individual investors. The company was founded in his 2009 and is headquartered in Salt Lake City, Utah.
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