Keefe, Bruyette & Woods Has Lowered Expectations for DigitalBridge Group (NYSE:DBRG) Stock Price

DigitalBridge Group (NYSE:DBRG) had its price target dropped by equities research analysts at Keefe, Bruyette & Woods from $13.50 to $10.50 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ target price suggests a potential upside of 20.27% from the company’s current price.

A number of other analysts have also issued reports on the company. JPMorgan Chase & Co. dropped their target price on DigitalBridge Group from $20.00 to $18.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 21st. Citizens Jmp raised shares of DigitalBridge Group to a “strong-buy” rating in a research report on Monday, January 27th. Wells Fargo & Company upped their price target on shares of DigitalBridge Group from $15.00 to $16.00 and gave the company an “overweight” rating in a report on Monday, February 24th. JMP Securities initiated coverage on shares of DigitalBridge Group in a research report on Monday, January 27th. They issued an “outperform” rating and a $16.00 target price for the company. Finally, Truist Financial decreased their price target on DigitalBridge Group from $15.00 to $13.00 and set a “buy” rating for the company in a research note on Tuesday, March 25th. One equities 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 stock. According to MarketBeat, DigitalBridge Group presently has an average rating of “Buy” and a consensus target price of $16.06.

DigitalBridge Group Price Performance

NYSE DBRG opened at $8.73 on Tuesday. DigitalBridge Group has a 1-year low of $6.41 and a 1-year high of $17.33. The business’s 50-day simple moving average is $8.72 and its 200-day simple moving average is $10.90. The firm has a market capitalization of $1.52 billion, a P/E ratio of 291.00, a P/E/G ratio of 3.46 and a beta of 1.58.

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

Institutional Investors Weigh In On DigitalBridge Group

Institutional investors and hedge funds have recently bought and sold shares of the business. Charles Schwab Investment Management Inc. grew its position in DigitalBridge Group by 3.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,030,657 shares of the company’s stock worth $34,186,000 after buying an additional 99,891 shares during the last quarter. Barclays PLC boosted its position in DigitalBridge Group by 364.3% during the 3rd quarter. Barclays PLC now owns 268,326 shares of the company’s stock worth $3,792,000 after acquiring an additional 210,533 shares during the period. Horizon Kinetics Asset Management LLC lifted its position in shares of DigitalBridge Group by 868.9% in the fourth quarter. Horizon Kinetics Asset Management LLC now owns 4,483,340 shares of the company’s stock worth $50,572,000 after purchasing an additional 4,020,627 shares in the last quarter. OFI Invest Asset Management acquired a new position in DigitalBridge Group in the 4th quarter valued at approximately $305,000. Finally, LB Partners LLC purchased a new position in shares of DigitalBridge Group during the 4th quarter valued at $2,820,000. 92.69% of the stock is owned by institutional investors and hedge funds.

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.