DigitalBridge Group (NYSE:DBRG) Price Target Cut to $17.75 by Analysts at Keefe, Bruyette & Woods

DigitalBridge Group (NYSE:DBRG) had its target price cut by investment analysts at Keefe, Bruyette & Woods from $18.50 to $17.75 in a report issued on Tuesday, Benzinga reports. The firm presently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ price target would indicate a potential upside of 42.00% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. JPMorgan Chase & Co. decreased their price target on shares of DigitalBridge Group from $25.00 to $23.00 and set an “overweight” rating for the company in a report on Wednesday, May 1st. Truist Financial dropped their target price on shares of DigitalBridge Group from $22.00 to $19.00 and set a “buy” rating on the stock in a research report on Wednesday, May 15th. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $21.29.

DigitalBridge Group Trading Down 2.0 %

DigitalBridge Group stock opened at $12.50 on Tuesday. DigitalBridge Group has a 1-year low of $12.33 and a 1-year high of $20.99. The firm’s fifty day simple moving average is $14.92 and its 200-day simple moving average is $17.17. The company has a market capitalization of $2.17 billion, a P/E ratio of 8.06 and a beta of 1.96.

DigitalBridge Group (NYSE:DBRG) last posted its earnings results on Tuesday, April 30th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.03). The company had revenue of $74.39 million for the quarter, compared to the consensus estimate of $100.76 million. DigitalBridge Group had a net margin of 26.64% and a return on equity of 3.14%. On average, equities research analysts predict that DigitalBridge Group will post 0.25 earnings per share for the current year.

Institutional Trading of DigitalBridge Group

A number of large investors have recently bought and sold shares of DBRG. Quarry LP acquired a new position in DigitalBridge Group during the 4th quarter worth about $41,000. CWM LLC increased its holdings in shares of DigitalBridge Group by 59.9% in the fourth quarter. CWM LLC now owns 8,371 shares of the company’s stock valued at $147,000 after purchasing an additional 3,135 shares in the last quarter. Bfsg LLC bought a new position in DigitalBridge Group in the 4th quarter worth approximately $171,000. New York State Teachers Retirement System acquired a new position in DigitalBridge Group during the 4th quarter worth $175,000. Finally, Kingswood Wealth Advisors LLC bought a new position in DigitalBridge Group in the 1st quarter valued at $216,000. 92.69% of the stock is currently owned by institutional investors.

DigitalBridge Group Company Profile

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.