Research Analysts Issue Forecasts for DigitalBridge Group, Inc.’s Q3 2022 Earnings (NYSE:DBRG)

DigitalBridge Group, Inc. (NYSE:DBRGGet Rating) – B. Riley cut their Q3 2022 earnings per share (EPS) estimates for DigitalBridge Group in a research note issued to investors on Monday, September 19th. B. Riley analyst D. Day now forecasts that the company will post earnings of $0.06 per share for the quarter, down from their previous estimate of $0.07. B. Riley has a “Buy” rating and a $37.00 price objective on the stock. The consensus estimate for DigitalBridge Group’s current full-year earnings is $0.12 per share.

Separately, Cowen cut their target price on DigitalBridge Group to $34.00 in a report on Tuesday, August 9th. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, DigitalBridge Group presently has a consensus rating of “Moderate Buy” and an average price target of $36.20.

DigitalBridge Group Price Performance

Shares of DBRG opened at $15.25 on Tuesday. DigitalBridge Group has a 52-week low of $15.17 and a 52-week high of $34.20. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.59 and a current ratio of 0.59. The business’s 50 day moving average price is $19.68 and its two-hundred day moving average price is $23.01. The firm has a market cap of $2.50 billion, a PE ratio of -7.94 and a beta of 1.79.

DigitalBridge Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 17th. Shareholders of record on Friday, September 30th will be given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.26%. The ex-dividend date of this dividend is Thursday, September 29th.

Insider Activity

In other DigitalBridge Group news, CFO Jacky Wu purchased 9,157 shares of the stock in a transaction dated Monday, August 8th. The shares were bought at an average price of $5.46 per share, with a total value of $49,997.22. Following the completion of the transaction, the chief financial officer now directly owns 1,107,533 shares in the company, valued at approximately $6,047,130.18. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 3.66% of the company’s stock.

Hedge Funds Weigh In On DigitalBridge Group

Hedge funds have recently bought and sold shares of the company. Lindbrook Capital LLC grew its stake in DigitalBridge Group by 137.4% during the second quarter. Lindbrook Capital LLC now owns 5,036 shares of the company’s stock valued at $25,000 after acquiring an additional 2,915 shares in the last quarter. Rise Advisors LLC purchased a new position in DigitalBridge Group in the 1st quarter worth approximately $32,000. Whittier Trust Co. grew its stake in DigitalBridge Group by 222.1% in the 1st quarter. Whittier Trust Co. now owns 5,076 shares of the company’s stock worth $37,000 after buying an additional 3,500 shares in the last quarter. Spire Wealth Management purchased a new position in DigitalBridge Group in the 2nd quarter worth approximately $40,000. Finally, Y Intercept Hong Kong Ltd purchased a new position in DigitalBridge Group in the 2nd quarter worth approximately $49,000.

About DigitalBridge Group

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DigitalBridge (NYSE: DBRG) is an infrastructure investment firm. It specializes in investing and operating businesses across the digital ecosystem including cell towers, data centers, fiber, small cells, edge infrastructure, digital infrastructure and real estate. DigitalBridge Group, Inc was founded in 2009 and is headquartered in Boca Raton, Florida with additional offices in Los Angeles, California; New York, New York; Boston, Massachusetts; Denver, Colorado; London, United Kingdom; Senningerberg, Luxembourg and Singapore.

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Earnings History and Estimates for DigitalBridge Group (NYSE:DBRG)

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