Bridge Investment Group Holdings Inc. (NYSE:BRDG – Get Free Report) announced a quarterly dividend on Wednesday, November 6th,NASDAQ Dividends reports. Investors of record on Friday, December 6th will be given a dividend of 0.10 per share on Friday, December 20th. This represents a $0.40 annualized dividend and a dividend yield of 4.00%. The ex-dividend date is Friday, December 6th.
Bridge Investment Group has a dividend payout ratio of 51.5% meaning its dividend is sufficiently covered by earnings. Analysts expect Bridge Investment Group to earn $1.01 per share next year, which means the company should continue to be able to cover its $0.52 annual dividend with an expected future payout ratio of 51.5%.
Bridge Investment Group Price Performance
Bridge Investment Group stock opened at $10.01 on Friday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.21 and a current ratio of 1.21. Bridge Investment Group has a 52 week low of $6.18 and a 52 week high of $11.69. The stock has a market capitalization of $1.21 billion, a P/E ratio of -90.95 and a beta of 1.63. The stock has a fifty day moving average of $9.72 and a 200-day moving average of $8.30.
Analyst Upgrades and Downgrades
BRDG has been the subject of several recent research reports. TD Cowen cut shares of Bridge Investment Group from a “buy” rating to a “hold” rating and upped their price target for the company from $10.00 to $10.50 in a research report on Monday, October 14th. Wells Fargo & Company lifted their target price on Bridge Investment Group from $11.00 to $11.50 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. UBS Group lifted their price objective on Bridge Investment Group from $7.00 to $11.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Finally, Morgan Stanley raised their price target on shares of Bridge Investment Group from $11.00 to $14.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $11.70.
Get Our Latest Stock Report on Bridge Investment Group
About Bridge Investment Group
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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