DigitalBridge Group (DBRG) to Release Quarterly Earnings on Thursday

DigitalBridge Group (NYSE:DBRG) is projected to issue its quarterly earnings data before the market opens on Thursday, February 20th. Analysts expect the company to announce earnings of $0.08 per share and revenue of $93.01 million for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

DigitalBridge Group Price Performance

Shares of NYSE DBRG opened at $10.37 on Thursday. The stock has a market capitalization of $1.81 billion, a price-to-earnings ratio of 14.21, a PEG ratio of 2.95 and a beta of 1.91. DigitalBridge Group has a 12 month low of $10.18 and a 12 month high of $20.79. The firm’s 50 day simple moving average is $11.23 and its 200-day simple moving average is $12.75.

Analyst Upgrades and Downgrades

DBRG has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods lowered DigitalBridge Group from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $17.75 to $14.00 in a research report on Wednesday, November 6th. Wells Fargo & Company decreased their price objective on DigitalBridge Group from $18.00 to $16.00 and set an “overweight” rating on the stock in a report on Monday, November 4th. JMP Securities started coverage on DigitalBridge Group in a report on Monday, January 27th. They issued an “outperform” rating and a $16.00 price objective on the stock. B. Riley decreased their price objective on DigitalBridge Group from $24.00 to $20.00 and set a “buy” rating on the stock in a report on Tuesday, January 7th. Finally, JPMorgan Chase & Co. decreased their price objective on DigitalBridge Group from $20.00 to $18.00 and set an “overweight” rating on the stock in a report on Tuesday, January 21st. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $16.67.

About DigitalBridge Group

DigitalBridge is an infrastructure investment firm specializing in digital infrastructure assets. They provide services to institutional investors. They primarily invest in data centers, cell towers, fiber networks, small cells, and edge infrastructure. DigitalBridge Group, Inc was founded in 1991 and is headquartered in Boca Raton, Florida with additional offices in Los Angles, California, and New York New York.