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

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

Other analysts also recently issued reports about the stock. Truist Financial reduced their price target on shares of DigitalBridge Group from $19.00 to $17.00 and set a “buy” rating for the company in a report on Wednesday, August 21st. Raymond James lowered their price objective on DigitalBridge Group from $19.00 to $16.00 and set a “strong-buy” rating on the stock in a research report on Tuesday. JPMorgan Chase & Co. raised their target price on DigitalBridge Group from $22.00 to $23.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 1st. Deutsche Bank Aktiengesellschaft lowered their price target 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. Finally, 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 report on Monday, November 4th. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $18.13.

DigitalBridge Group Price Performance

DigitalBridge Group stock opened at $12.37 on Wednesday. DigitalBridge Group has a fifty-two week low of $11.07 and a fifty-two week high of $20.99. The firm has a fifty day moving average price of $14.33 and a two-hundred day moving average price of $13.83. The firm has a market cap of $2.15 billion, a price-to-earnings ratio of 16.92, a P/E/G ratio of 2.24 and a beta of 1.94.

DigitalBridge Group (NYSE:DBRG) last posted its quarterly earnings data 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). The business had revenue of $390.34 million for the quarter, compared to analyst estimates of $97.05 million. DigitalBridge Group had a return on equity of 3.58% and a net margin of 21.42%. As a group, sell-side analysts expect that DigitalBridge Group will post 0.16 earnings per share for the current year.

DigitalBridge Group Announces Dividend

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 dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.32%. The ex-dividend date is Tuesday, December 31st. DigitalBridge Group’s dividend payout ratio is 5.48%.

Hedge Funds Weigh In On DigitalBridge Group

Large investors have recently bought and sold shares of the business. Intech Investment Management LLC bought a new stake in shares of DigitalBridge Group during the 3rd quarter valued at $581,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in shares of DigitalBridge Group by 24.9% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,364,524 shares of the company’s stock worth $19,281,000 after purchasing an additional 271,853 shares during the period. Segall Bryant & Hamill LLC grew its stake in shares of DigitalBridge Group by 16.2% during the third quarter. Segall Bryant & Hamill LLC now owns 882,511 shares of the company’s stock worth $12,470,000 after purchasing an additional 123,083 shares during the period. Meeder Asset Management Inc. bought a new stake in DigitalBridge Group in the third quarter valued at about $34,000. Finally, Quest Partners LLC lifted its stake in DigitalBridge Group by 321.0% in 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. 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.