DigitalBridge Group (NYSE:DBRG) Earns Market Outperform Rating from JMP Securities

DigitalBridge Group (NYSE:DBRG)‘s stock had its “market outperform” rating restated by research analysts at JMP Securities in a research report issued to clients and investors on Friday,Benzinga reports. They presently have a $16.00 target price on the stock. JMP Securities’ price target suggests a potential upside of 33.21% from the company’s previous close.

A number of other brokerages have also issued reports on DBRG. 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. Wells Fargo & Company raised their target price on DigitalBridge Group from $15.00 to $16.00 and gave the company an “overweight” rating in a research note on Monday, February 24th. Citizens Jmp upgraded shares of DigitalBridge Group to a “strong-buy” rating in a research report on Monday, January 27th. JPMorgan Chase & Co. cut their price target on shares of DigitalBridge Group from $20.00 to $18.00 and set an “overweight” rating for the company in a report on Tuesday, January 21st. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of DigitalBridge Group from $13.50 to $10.50 and set a “market perform” rating on the stock in a research note on Tuesday, May 6th. 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 data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $16.06.

DigitalBridge Group Stock Up 1.5%

DBRG stock opened at $12.01 on Friday. The company has a market capitalization of $2.10 billion, a P/E ratio of 400.37, a PEG ratio of 3.46 and a beta of 1.58. The company has a 50-day simple moving average of $8.68 and a 200 day simple moving average of $10.55. DigitalBridge Group has a fifty-two week low of $6.41 and a fifty-two week high of $17.33.

DigitalBridge Group (NYSE:DBRG) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.03. DigitalBridge Group had a net margin of 10.98% and a return on equity of 4.29%. The company had revenue of $101.55 million during the quarter, compared to analyst estimates of $93.01 million. Equities analysts anticipate that DigitalBridge Group will post 0.17 EPS for the current year.

Hedge Funds Weigh In On DigitalBridge Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Barclays PLC boosted its position in shares of DigitalBridge Group by 364.3% in the third quarter. Barclays PLC now owns 268,326 shares of the company’s stock worth $3,792,000 after buying an additional 210,533 shares during the period. Franklin Resources Inc. boosted its position in DigitalBridge Group by 33.6% during the 3rd quarter. Franklin Resources Inc. now owns 180,369 shares of the company’s stock worth $2,792,000 after acquiring an additional 45,333 shares during the period. Kingswood Wealth Advisors LLC purchased a new position in DigitalBridge Group during the 4th quarter valued at about $201,000. Blue Trust Inc. increased its holdings in shares of DigitalBridge Group by 164.0% in the 4th quarter. Blue Trust Inc. now owns 9,905 shares of the company’s stock valued at $112,000 after purchasing an additional 6,153 shares during the period. Finally, KBC Group NV increased its holdings in shares of DigitalBridge Group by 49.3% in the 4th quarter. KBC Group NV now owns 8,326 shares of the company’s stock valued at $94,000 after purchasing an additional 2,750 shares during the period. 92.69% of the stock is currently owned by hedge funds and other institutional investors.

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.