DigitalBridge Group (NYSE:DBRG) Downgraded by Keefe, Bruyette & Woods to “Market Perform”

DigitalBridge Group (NYSE:DBRG) was downgraded by stock analysts at Keefe, Bruyette & Woods from an “outperform” rating to a “market perform” rating in a report released on Wednesday, Marketbeat reports. They presently have a $14.00 target price on the stock, down from their previous target price of $17.75. Keefe, Bruyette & Woods’ price objective would indicate a potential upside of 11.51% from the stock’s current price.

A number of other equities research analysts have also recently commented on the stock. B. Riley lowered their price target on shares of DigitalBridge Group from $27.00 to $24.00 and set a “buy” rating on the stock in a report on Tuesday, July 9th. Deutsche Bank Aktiengesellschaft dropped their price target on DigitalBridge Group from $17.00 to $16.00 and set a “buy” rating on the stock in a research report on Thursday, August 15th. Wells Fargo & Company decreased their price objective on DigitalBridge Group from $18.00 to $16.00 and set an “overweight” rating for the company in a report on Monday. JPMorgan Chase & Co. boosted their price objective on DigitalBridge Group from $22.00 to $23.00 and gave the company an “overweight” rating in a research note on Tuesday, October 1st. Finally, Truist Financial cut their target price on shares of DigitalBridge Group from $19.00 to $17.00 and set a “buy” rating for the company in a research report on Wednesday, August 21st. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $18.13.

DigitalBridge Group Price Performance

DBRG stock opened at $12.56 on Wednesday. The company’s 50-day moving average is $14.33 and its 200-day moving average is $13.87. The stock has a market capitalization of $2.19 billion, a PE ratio of 17.20, a price-to-earnings-growth ratio of 2.21 and a beta of 1.94. DigitalBridge Group has a 1 year low of $11.07 and a 1 year high of $20.99.

DigitalBridge Group (NYSE:DBRG) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.06). DigitalBridge Group had a net margin of 21.42% and a return on equity of 3.58%. The company had revenue of $390.34 million for the quarter, compared to analyst estimates of $97.05 million. On average, analysts anticipate that DigitalBridge Group will post 0.16 earnings per share for the current fiscal year.

Institutional Trading of DigitalBridge Group

Several large investors have recently modified their holdings of DBRG. Meeder Asset Management Inc. bought a new position in DigitalBridge Group in the 3rd quarter worth $34,000. Quest Partners LLC increased its position in shares of DigitalBridge Group by 321.0% during the third quarter. Quest Partners LLC now owns 9,309 shares of the company’s stock valued at $132,000 after buying an additional 7,098 shares during the period. American Assets Investment Management LLC raised its stake in DigitalBridge Group by 55.5% in the third quarter. American Assets Investment Management LLC now owns 67,300 shares of the company’s stock worth $951,000 after buying an additional 24,022 shares in the last quarter. American Assets Capital Advisers LLC lifted its holdings in DigitalBridge Group by 37.4% in the third quarter. American Assets Capital Advisers LLC now owns 1,326,085 shares of the company’s stock worth $18,738,000 after buying an additional 360,934 shares during the period. Finally, Aigen Investment Management LP bought a new stake in DigitalBridge Group during the 3rd quarter valued at approximately $188,000. 92.69% of the stock is 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.