Shares of Bridge Investment Group Holdings Inc. (NYSE:BRDG – Get Rating) have received an average rating of "Moderate Buy" from the six brokerages that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $19.10.

Several brokerages recently issued reports on BRDG. TheStreet downgraded Bridge Investment Group from a "c-" rating to a "d+" rating in a report on Wednesday, October 19th. Morgan Stanley lowered their target price on shares of Bridge Investment Group from $22.00 to $21.00 and set an "overweight" rating for the company in a report on Wednesday, October 19th. UBS Group raised their price target on shares of Bridge Investment Group from $15.00 to $16.00 and gave the company a "neutral" rating in a research report on Tuesday, November 15th. Finally, Credit Suisse Group set a $13.50 price objective on shares of Bridge Investment Group in a research report on Wednesday, November 23rd.

Institutional Trading of Bridge Investment Group

Several hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in shares of Bridge Investment Group by 26.5% during the 1st quarter. Vanguard Group Inc. now owns 2,075,765 shares of the company's stock worth $42,241,000 after purchasing an additional 434,346 shares during the last quarter. Jennison Associates LLC increased its position in Bridge Investment Group by 14.2% in the third quarter. Jennison Associates LLC now owns 2,544,286 shares of the company's stock worth $36,892,000 after buying an additional 316,400 shares during the last quarter. Victory Capital Management Inc. bought a new stake in shares of Bridge Investment Group in the third quarter valued at $2,539,000. Lord Abbett & CO. LLC lifted its position in shares of Bridge Investment Group by 39.0% during the 1st quarter. Lord Abbett & CO. LLC now owns 557,049 shares of the company's stock valued at $11,336,000 after buying an additional 156,156 shares during the last quarter. Finally, Conversant Capital LLC grew its stake in shares of Bridge Investment Group by 10.6% during the 2nd quarter. Conversant Capital LLC now owns 1,367,926 shares of the company's stock worth $19,890,000 after acquiring an additional 131,000 shares during the period. Institutional investors own 59.49% of the company's stock.

Bridge Investment Group Stock Performance

Bridge Investment Group Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 16th. Investors of record on Friday, December 2nd will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Thursday, December 1st. This represents a $1.08 annualized dividend and a yield of 8.19%. Bridge Investment Group's payout ratio is currently 72.97%.

About Bridge Investment Group

(Get Rating)

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.

Featured Stories

• Get a free copy of the StockNews.com research report on Bridge Investment Group (BRDG)
• MarketBeat: Week in Review 12/05 – 12/09
• There Is Fundamental Value In Broadcom, And It Yields 3.35%
• Costco vs Amazon: an end of the year showdown
• Discount Retailers Could Make Good Bargain Stocks
• Can Pfizer, Johnson & Johnson Continue Outperforming the Index?

Receive News & Ratings for Bridge Investment Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bridge Investment Group and related companies with MarketBeat.com's FREE daily email newsletter.