Keefe, Bruyette & Woods Issues Pessimistic Forecast for DigitalBridge Group (NYSE:DBRG) Stock Price

DigitalBridge Group (NYSE:DBRG) had its price target dropped by Keefe, Bruyette & Woods from $14.00 to $13.50 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ target price would indicate a potential upside of 20.79% from the stock’s current price.

Several other equities analysts have also issued reports on the stock. JPMorgan Chase & Co. lowered their target price on shares of DigitalBridge Group from $20.00 to $18.00 and set an “overweight” rating for the company in a report on Tuesday, January 21st. B. Riley cut their target price on DigitalBridge Group from $24.00 to $20.00 and set a “buy” rating on the stock in a research note on Tuesday, January 7th. JMP Securities initiated coverage on DigitalBridge Group in a report on Monday, January 27th. They set an “outperform” rating and a $16.00 price target for the company. Truist Financial dropped their price target on shares of DigitalBridge Group from $17.00 to $15.00 and set a “buy” rating on the stock in a research note on Wednesday, December 11th. Finally, Citizens Jmp upgraded shares of DigitalBridge Group to a “strong-buy” rating in a research note on Monday, January 27th. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, DigitalBridge Group presently has a consensus rating of “Buy” and an average price target of $16.61.

DigitalBridge Group Trading Down 0.6 %

DBRG opened at $11.18 on Wednesday. The company has a market cap of $1.95 billion, a price-to-earnings ratio of 372.53, a price-to-earnings-growth ratio of 3.46 and a beta of 1.91. The stock has a fifty day simple moving average of $10.98 and a two-hundred day simple moving average of $12.59. DigitalBridge Group has a 12-month low of $10.03 and a 12-month high of $19.49.

DigitalBridge Group (NYSE:DBRG) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.03. DigitalBridge Group had a net margin of 10.98% and a return on equity of 4.29%. The company had revenue of $101.55 million during the quarter, compared to analyst estimates of $93.01 million. On average, analysts predict that DigitalBridge Group will post 0.17 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. Meeder Asset Management Inc. purchased a new stake in DigitalBridge Group in the third quarter worth approximately $34,000. Sunbelt Securities Inc. lifted its holdings in shares of DigitalBridge Group by 109.9% during the 4th quarter. Sunbelt Securities Inc. now owns 2,796 shares of the company’s stock valued at $31,000 after buying an additional 1,464 shares during the period. Spire Wealth Management purchased a new position in shares of DigitalBridge Group in the 4th quarter worth $37,000. Point72 Hong Kong Ltd bought a new stake in shares of DigitalBridge Group in the fourth quarter worth $39,000. Finally, Blue Trust Inc. increased its position in DigitalBridge Group by 179.2% during the third quarter. Blue Trust Inc. now owns 3,752 shares of the company’s stock valued at $51,000 after acquiring an additional 2,408 shares during the last quarter. 92.69% of the stock is owned by hedge funds and other institutional investors.

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.