UBS Group Issues Positive Forecast for Bridge Investment Group (NYSE:BRDG) Stock Price

Bridge Investment Group (NYSE:BRDG) had its price objective boosted by UBS Group from $7.50 to $12.00 in a research note issued to investors on Wednesday,Benzinga reports. UBS Group currently has a neutral rating on the stock.

Several other equities research analysts also recently commented on the company. Morgan Stanley downgraded Bridge Investment Group from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $14.00 to $11.00 in a report on Friday, November 8th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $10.00 price target (down previously from $12.00) on shares of Bridge Investment Group in a research note on Tuesday, January 7th. Wells Fargo & Company lowered their price objective on shares of Bridge Investment Group from $12.00 to $10.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 14th. Finally, TD Cowen dropped their target price on shares of Bridge Investment Group from $10.50 to $10.00 and set a “hold” rating on the stock in a report on Tuesday, November 12th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $10.60.

Bridge Investment Group Trading Up 1.7 %

Shares of NYSE:BRDG opened at $10.45 on Wednesday. The stock has a market capitalization of $1.27 billion, a PE ratio of 261.32 and a beta of 1.56. The company’s 50-day moving average price is $8.13 and its two-hundred day moving average price is $8.97. 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 one year low of $6.18 and a one year high of $11.69.

Bridge Investment Group (NYSE:BRDG) last released its earnings results on Monday, February 24th. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.02. The business had revenue of $81.96 million for the quarter, compared to analyst estimates of $82.02 million. Bridge Investment Group had a return on equity of 9.91% and a net margin of 1.92%. On average, equities analysts forecast that Bridge Investment Group will post 0.68 EPS for the current fiscal year.

Bridge Investment Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a dividend of $0.11 per share. This is an increase from Bridge Investment Group’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.44 annualized dividend and a dividend yield of 4.21%. Bridge Investment Group’s payout ratio is presently 1,000.00%.

Insider Buying and Selling

In related news, Chairman Robert Randolph Morse sold 45,343 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $8.29, for a total transaction of $375,893.47. Following the transaction, the chairman now directly owns 3,249,076 shares of the company’s stock, valued at approximately $26,934,840.04. This trade represents a 1.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jonathan Slager sold 11,403 shares of Bridge Investment Group stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $8.29, for a total transaction of $94,530.87. Following the completion of the sale, the chief executive officer now owns 962,481 shares of the company’s stock, valued at $7,978,967.49. This trade represents a 1.17 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 145,187 shares of company stock valued at $1,204,966. Insiders own 73.00% of the company’s stock.

Institutional Investors Weigh In On Bridge Investment Group

A number of large investors have recently added to or reduced their stakes in BRDG. DigitalBridge Group Inc. lifted its position in shares of Bridge Investment Group by 24.4% during the 4th quarter. DigitalBridge Group Inc. now owns 508,035 shares of the company’s stock valued at $4,267,000 after acquiring an additional 99,520 shares during the period. EP Wealth Advisors LLC acquired a new position in Bridge Investment Group in the fourth quarter valued at about $89,000. Northern Trust Corp lifted its position in Bridge Investment Group by 19.2% during the fourth quarter. Northern Trust Corp now owns 89,937 shares of the company’s stock worth $755,000 after purchasing an additional 14,481 shares during the period. Aquatic Capital Management LLC acquired a new stake in Bridge Investment Group during the fourth quarter worth about $95,000. Finally, Lord Abbett & CO. LLC grew its stake in Bridge Investment Group by 17.2% during the fourth quarter. Lord Abbett & CO. LLC now owns 964,060 shares of the company’s stock worth $8,098,000 after buying an additional 141,178 shares in the last quarter. Institutional investors and hedge funds own 52.83% of the company’s stock.

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.