DigitalBridge Group (NYSE:DBRG) Lowered to “Market Perform” Rating by Keefe, Bruyette & Woods

DigitalBridge Group (NYSE:DBRG) was downgraded by equities researchers at Keefe, Bruyette & Woods from an “outperform” rating to a “market perform” rating in a research note issued to investors on Wednesday, FinViz reports. They presently have a $14.00 target price on the stock, down from their prior target price of $17.75. Keefe, Bruyette & Woods’ target price points to a potential upside of 11.11% from the stock’s previous close.

Several other research firms have also commented on DBRG. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of DigitalBridge Group from $17.00 to $16.00 and set a “buy” rating on the stock in a research note on Thursday, August 15th. Raymond James cut their price target on DigitalBridge Group from $19.00 to $16.00 and set a “strong-buy” rating on the stock in a research note on Tuesday. JPMorgan Chase & Co. lifted their price objective on DigitalBridge Group from $22.00 to $23.00 and gave the company an “overweight” rating in a research note on Tuesday, October 1st. B. Riley dropped their target price on DigitalBridge Group from $27.00 to $24.00 and set a “buy” rating on the stock in a report on Tuesday, July 9th. Finally, Wells Fargo & Company reduced their price target on DigitalBridge Group from $18.00 to $16.00 and set an “overweight” rating for the company in a report on Monday. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $18.13.

DigitalBridge Group Stock Up 0.2 %

Shares of DBRG stock opened at $12.60 on Wednesday. The business’s fifty day moving average is $14.32 and its 200 day moving average is $13.92. The stock has a market cap of $2.19 billion, a price-to-earnings ratio of 17.26, a PEG ratio of 2.36 and a beta of 1.94. DigitalBridge Group has a twelve month low of $11.07 and a twelve month high of $20.99.

DigitalBridge Group (NYSE:DBRG) last announced its earnings results on Wednesday, August 7th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.06). The business had revenue of $390.34 million for the quarter, compared to the consensus estimate of $97.05 million. DigitalBridge Group had a net margin of 21.42% and a return on equity of 3.59%. Equities research analysts expect that DigitalBridge Group will post 0.16 earnings per share for the current fiscal year.

Hedge Funds Weigh In On DigitalBridge Group

A number of hedge funds have recently bought and sold shares of DBRG. American Assets Investment Management LLC boosted its holdings in DigitalBridge Group by 55.5% in the third quarter. American Assets Investment Management LLC now owns 67,300 shares of the company’s stock worth $951,000 after purchasing an additional 24,022 shares during the last quarter. American Assets Capital Advisers LLC lifted its holdings in DigitalBridge Group by 37.4% in the third quarter. American Assets Capital Advisers LLC now owns 1,326,085 shares of the company’s stock valued at $18,738,000 after acquiring an additional 360,934 shares during the period. Aigen Investment Management LP bought a new stake in shares of DigitalBridge Group during the 3rd quarter valued at about $188,000. Prime Capital Investment Advisors LLC bought a new stake in DigitalBridge Group during the third quarter valued at approximately $156,000. Finally, New South Capital Management Inc. grew its position in shares of DigitalBridge Group by 0.3% during the 3rd quarter. New South Capital Management Inc. now owns 3,940,203 shares of the company’s stock valued at $55,675,000 after acquiring an additional 10,441 shares during the period. Hedge funds and other institutional investors own 92.69% of the company’s stock.

DigitalBridge Group Company Profile

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.