Streetbeat News

BRDG

Bridge Investment Group Holdings Inc.

https://www.bridgeig.com

Industry

Asset Management

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.

Open

9.59

Mkt cap

2.6B

Volume

384K

High

10.01

P/E Ratio

-99.80

52-wk high

11.69

Low

9.46

Div yield

0.05

52-wk low

6.18

Wells Fargo has initiated coverage on Bridge Investment Group with an Overweight rating and set a price target of $11.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 12:58 pm

Bridge Investment Group (NYSE:BRDG) reported Q2 2024 earnings of $0.19 per share, beating the analyst estimate of $0.18. Sales were $104.760 million, surpassing the $87.950 million estimate. Despite a 5% decrease in EPS from last year, sales increased by 6.03%.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 9:19 pm

Bridge Renewable Energy, Solaris Energy, and WATTMORE have announced the successful closing and kickoff of a 1.8 MW solar and storage project on the Rincon Reservation in San Diego County, CA. This marks the completion of nearly three years of planning and development.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 12:18 pm

Bridge Investment Group (BRDG) reported Q1 2024 adjusted earnings per share (EPS) of $0.17, surpassing the analyst consensus estimate of $0.16 by 6.25%.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 8:41 pm

UBS analyst Adam Beatty has maintained a Neutral rating on Bridge Investment Group (NYSE:BRDG) and lowered the price target from $9.5 to $6.5.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 1:04 pm

Bridge Investment Group Holdings Inc. (BRDG) announced its expanded 'Bridge to Opportunity' program, including a new partnership with Entryway to provide employment and housing for at-risk individuals. The program, leveraging Bridge's 90,000+ residential units, focuses on education, healthy communities, and financial wellness, with philanthropic commitments totaling $75M over 10 years. Initiatives include funding social programming, providing affordable housing, and supporting community services through partnerships and Opportunity Zone developments.

Portfolio Pulse from Happy Mohamed

March 12, 2024 | 12:19 pm

Bridge Investment Group (NYSE:BRDG) received varied analyst ratings over the last quarter, with a shift towards a somewhat bullish stance in the last 30 days. Analysts from Morgan Stanley, Wells Fargo, JP Morgan, and TD Cowen have adjusted their price targets, reflecting a decrease in the average 12-month price target from $12.83 to $11.12. The company's financial performance shows challenges in revenue growth, net margin, ROE, ROA, and debt management, indicating potential difficulties ahead.

Portfolio Pulse from Benzinga Insights

February 26, 2024 | 4:01 pm

Morgan Stanley analyst Michael Cyprys maintains an Overweight rating on Bridge Investment Group (NYSE:BRDG) but lowers the price target from $13 to $12.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 3:40 pm

Bridge Investment's shares are trading lower following the announcement of mixed financial results for the fourth quarter.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 3:48 pm

Bridge Investment Group (NYSE:BRDG) reported Q4 earnings with an EPS of $0.14, missing estimates by 26.32% against an expected $0.19. Revenue decreased by $1.35 million from the previous year. The company had previously beaten EPS estimates in Q3 2023 but experienced a slight share price drop the following day.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 9:45 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.