Keefe, Bruyette & Woods Upgrades DigitalBridge Group (NYSE:DBRG) to Outperform

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Several other analysts have published reports on DBRG. Wells Fargo & Company reduced their price target for shares of DigitalBridge Group on Monday, February 27, from $20.00 down to $18.00. They also set an 'overweight rating' for the company. JPMorgan Chase & Co. reduced their price target on shares of DigitalBridge Group to $17.00 in a report published on Monday, 27th February. They also set a neutral' rating for the stock. B. Riley reduced their price target on shares of DigitalBridge Group to $29.00 in a report published on Friday, 23rd. They also set a buy' rating for the stock. Cowen reduced their price target on shares of DigitalBridge Group in a report published on Monday, Feb. 27th from $27.00 down to $20. Raymond James reduced their price target on shares of DigitalBridge Group to $25.00 from $34.00 in a report published on March 2nd. They also gave the stock a rating of'strong buy'. Four analysts have given the company a buy recommendation, while one analyst has given it a strong-buy rating. Trading on Friday saw a $0.23 increase, bringing the price to $12.84. Stock of the company traded at 1,558,031 compared to an average of 1,508 517. The company's moving average for the past 50 days is $11.58. Its two hundred day moving average, however, is $12.33. DigitalBridge Group's 52-week low is $9.99, and its 52-week highest is $23.44. The company has a debt to equity ratio of 1.59, a debt ratio of 0.92, and a quick/current ratio of 0.92. The company's market cap is $2.08 billion. It has a P/E ratio of -6.14, and a beta value of 2.02.

The company last announced its quarterly results on May 3rd. The company's ($0.02) earnings per share for the quarter fell short of analysts' expectations by $0.08 ($0.10). DigitalBridge Group reported a negative margin of 24.01 % and a return on equity of 0.89 %. The company had a revenue of $251,16 million, which was lower than the consensus estimate at $297.44 millions. In the same quarter of the previous year, the company had earned ($0.46) per share. The company's revenue for the quarter was 7.4% higher than it was in the same period last year. Sell-side analysts expect DigitalBridge Group to post an average of 0.09 earnings per common share in the current fiscal year.

Inflows of Institutional Capital and Outflows

Recently, institutional investors and hedge fund have bought and sold the shares of this company. Prelude Capital Management LLC acquired a new stake of $247,000.00 in DigitalBridge Group shares during the first quarter. Macquarie Group Ltd. increased its stake in DigitalBridge Group shares by 0.6% during first quarter. Macquarie Group Ltd. owns 492,042 of the company’s stock, valued at $5.890,000. This is after buying an additional 2,913 during the period. Ameriprise Financial Inc. increased its stake in DigitalBridge Group shares by 1.0% during first quarter. Ameriprise Financial Inc. owns 94 242 shares worth $1 130,000, after buying 944 additional shares. Titleist Asset Management LLC bought a new share of DigitalBridge Group in the first quarter worth $132,000. Thrivent Financial for Lutherans also bought a stake in DigitalBridge Group during the first quarter, valued at approximately $945,000. 88.52% is owned by hedge fund and other institutional investors.

DigitalBridge Group Company profile

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DigitalBridge Group, Inc. is a digital-infrastructure company that invests in digital ecosystems, including cell towers, fiber, smallcells, and edge infrastructure. The company operates under the Digital Investment Management segment (Digital IM), and Corporate and other segments. The Digital IM Segment is a digital investment platform that manages capital for a variety of global investors.

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