DigitalBridge Group (NYSE:DBRG) Releases Quarterly Earnings Results, Beats Estimates By $0.03 EPS

DigitalBridge Group (NYSE:DBRG) issued its quarterly earnings results on Thursday. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.03, Zacks reports. DigitalBridge Group had a net margin of 21.42% and a return on equity of 3.58%.

DigitalBridge Group Trading Up 9.5 %

NYSE DBRG traded up $1.03 on Thursday, hitting $11.78. 2,843,573 shares of the company were exchanged, compared to its average volume of 2,213,075. The company has a market cap of $2.05 billion, a PE ratio of 16.14, a PEG ratio of 2.94 and a beta of 1.91. The stock has a fifty day moving average of $10.99 and a 200-day moving average of $12.63. DigitalBridge Group has a 12 month low of $10.03 and a 12 month high of $19.49.

Wall Street Analysts Forecast Growth

DBRG has been the topic of several recent research reports. Citizens Jmp raised DigitalBridge Group to a “strong-buy” rating in a report on Monday, January 27th. JMP Securities began coverage on DigitalBridge Group in a research note on Monday, January 27th. They issued an “outperform” rating and a $16.00 price objective on the stock. Raymond James decreased their target price on shares of DigitalBridge Group from $19.00 to $16.00 and set a “strong-buy” rating for the company in a research report on Tuesday, November 5th. Keefe, Bruyette & Woods downgraded shares of DigitalBridge Group from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $17.75 to $14.00 in a research report on Wednesday, November 6th. Finally, Wells Fargo & Company reduced their price objective on shares of DigitalBridge Group from $18.00 to $16.00 and set an “overweight” rating on the stock in a research note on Monday, November 4th. One research analyst has rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target 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.