Keefe, Bruyette & Woods Lowers DigitalBridge Group (NYSE:DBRG) Price Target to $13.50

DigitalBridge Group (NYSE:DBRG) had its target price reduced by stock analysts at Keefe, Bruyette & Woods from $14.00 to $13.50 in a report issued on Wednesday,Benzinga reports. The brokerage presently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price objective indicates a potential upside of 20.79% from the company’s previous close.

Several other brokerages also recently commented on DBRG. Truist Financial decreased their price objective on shares of DigitalBridge Group from $17.00 to $15.00 and set a “buy” rating on the stock in a research report on Wednesday, December 11th. Raymond James decreased their price target on DigitalBridge Group from $19.00 to $16.00 and set a “strong-buy” rating on the stock in a report on Tuesday, November 5th. Wells Fargo & Company boosted their price objective on DigitalBridge Group from $15.00 to $16.00 and gave the company an “overweight” rating in a research report on Monday. JMP Securities began coverage on DigitalBridge Group in a research report on Monday, January 27th. They set an “outperform” rating and a $16.00 target price for the company. Finally, JPMorgan Chase & Co. decreased their target price on DigitalBridge Group from $20.00 to $18.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 21st. One analyst has rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $16.61.

DigitalBridge Group Stock Performance

NYSE:DBRG opened at $11.18 on Wednesday. The stock has a 50-day simple moving average of $10.98 and a two-hundred day simple moving average of $12.59. DigitalBridge Group has a 52-week low of $10.03 and a 52-week high of $19.49. The firm has a market capitalization of $1.95 billion, a PE ratio of 372.53, a P/E/G ratio of 3.46 and a beta of 1.91.

DigitalBridge Group (NYSE:DBRG) last released its earnings results on Thursday, February 20th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate 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 forecast that DigitalBridge Group will post 0.17 earnings per share for the current fiscal year.

Institutional Trading of DigitalBridge Group

Large investors have recently added to or reduced their stakes in the company. Covestor Ltd boosted its position in shares of DigitalBridge Group by 9.8% during the 4th quarter. Covestor Ltd now owns 11,752 shares of the company’s stock valued at $133,000 after acquiring an additional 1,049 shares during the last quarter. Summit Investment Advisors Inc. raised its stake in DigitalBridge Group by 6.8% during the fourth quarter. Summit Investment Advisors Inc. now owns 16,631 shares of the company’s stock valued at $188,000 after purchasing an additional 1,056 shares in the last quarter. Xponance Inc. lifted its position in DigitalBridge Group by 12.7% during the fourth quarter. Xponance Inc. now owns 11,725 shares of the company’s stock valued at $132,000 after purchasing an additional 1,321 shares during the last quarter. Sunbelt Securities Inc. lifted its position in DigitalBridge Group by 109.9% during the fourth quarter. Sunbelt Securities Inc. now owns 2,796 shares of the company’s stock valued at $31,000 after purchasing an additional 1,464 shares during the last quarter. Finally, Meeder Asset Management Inc. purchased a new position in shares of DigitalBridge Group in the 3rd quarter worth $34,000. Institutional investors own 92.69% of the company’s stock.

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.