DigitalBridge Group (NYSE:DBRG) Stock Rating Lowered by Keefe, Bruyette & Woods

Keefe, Bruyette & Woods downgraded shares of DigitalBridge Group (NYSE:DBRG - Free Report) from an outperform rating to a market perform rating in a research note published on Wednesday, Marketbeat Ratings reports. Keefe, Bruyette & Woods currently has $14.00 price target on the stock, down from their previous price target of $17.75.

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

DigitalBridge Group Trading Up 1.2 %

Shares of NYSE:DBRG traded up $0.16 on Wednesday, reaching $12.76. 3,961,242 shares of the company traded hands, compared to its average volume of 2,630,439. DigitalBridge Group has a 52 week low of $11.07 and a 52 week high of $20.99. The stock has a market capitalization of $2.22 billion, a P/E ratio of 17.48, a price-to-earnings-growth ratio of 2.21 and a beta of 1.94. The business's 50-day simple moving average is $14.32 and its 200 day simple moving average is $13.89.

DigitalBridge Group (NYSE:DBRG - Get Free Report) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.06). DigitalBridge Group had a return on equity of 3.58% and a net margin of 21.42%. The firm had revenue of $390.34 million during the quarter, compared to analysts' expectations of $97.05 million. Sell-side analysts expect that DigitalBridge Group will post 0.16 EPS for the current fiscal year.

DigitalBridge Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a $0.01 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.04 annualized dividend and a dividend yield of 0.31%. DigitalBridge Group's dividend payout ratio is presently 5.48%.

Hedge Funds Weigh In On DigitalBridge Group

Several hedge funds and other institutional investors have recently bought and sold shares of DBRG. nVerses Capital LLC grew its stake in shares of DigitalBridge Group by 633.3% in the second quarter. nVerses Capital LLC now owns 2,200 shares of the company's stock worth $30,000 after purchasing an additional 1,900 shares in the last quarter. Central Pacific Bank Trust Division purchased a new stake in DigitalBridge Group during the third quarter valued at about $35,000. Blue Trust Inc. boosted its position in shares of DigitalBridge Group by 179.2% in the third quarter. Blue Trust Inc. now owns 3,752 shares of the company's stock worth $51,000 after buying an additional 2,408 shares during the period. Headlands Technologies LLC lifted its position in shares of DigitalBridge Group by 33,627.3% in the second quarter. Headlands Technologies LLC now owns 7,420 shares of the company's stock worth $102,000 after purchasing an additional 7,398 shares in the last quarter. Finally, Xponance Inc. acquired a new stake in shares of DigitalBridge Group during the 2nd quarter valued at $138,000. 92.69% of the stock is 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.