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

DigitalBridge Group (NYSE:DBRG) had its price target cut by research analysts at Keefe, Bruyette & Woods from $14.00 to $13.50 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price objective suggests a potential upside of 18.06% from the company’s current price.

A number of other analysts have also weighed in on the stock. Truist Financial cut 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 note on Wednesday, December 11th. B. Riley reduced their price objective on DigitalBridge Group from $24.00 to $20.00 and set a “buy” rating for the company in a research note on Tuesday, January 7th. JPMorgan Chase & Co. lowered 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. Raymond James reduced their price target on DigitalBridge Group from $19.00 to $16.00 and set a “strong-buy” rating for the company in a research report on Tuesday, November 5th. Finally, Citizens Jmp raised shares of DigitalBridge Group to a “strong-buy” rating in a research note on Monday, January 27th. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $16.61.

DigitalBridge Group Stock Performance

DigitalBridge Group stock opened at $11.44 on Wednesday. The business’s 50-day simple moving average is $10.98 and its two-hundred day simple moving average is $12.61. The company has a market cap of $1.99 billion, a PE ratio of 381.17, a PEG ratio of 3.46 and a beta of 1.91. DigitalBridge Group has a fifty-two week low of $10.03 and a fifty-two week high of $19.49.

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

Hedge Funds Weigh In On DigitalBridge Group

A number of large investors have recently added to or reduced their stakes in the stock. Meeder Asset Management Inc. acquired a new stake in shares of DigitalBridge Group in the third quarter valued at about $34,000. Sunbelt Securities Inc. lifted its stake in DigitalBridge Group by 109.9% in the 4th quarter. Sunbelt Securities Inc. now owns 2,796 shares of the company’s stock valued at $31,000 after buying an additional 1,464 shares in the last quarter. Spire Wealth Management purchased a new position in DigitalBridge Group in the 4th quarter valued at about $37,000. Point72 Hong Kong Ltd acquired a new stake in DigitalBridge Group in the 4th quarter worth about $39,000. Finally, Blue Trust Inc. increased its stake in DigitalBridge Group by 179.2% during the 3rd quarter. Blue Trust Inc. now owns 3,752 shares of the company’s stock worth $51,000 after buying an additional 2,408 shares in the last quarter. 92.69% of the stock is currently owned by institutional investors and hedge funds.

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.