DigitalBridge Group (NYSE:DBRG) Releases Earnings Results, Beats Expectations By $0.03 EPS

DigitalBridge Group (NYSE:DBRG) posted its quarterly earnings results on Thursday. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.03, Zacks reports. DigitalBridge Group had a return on equity of 3.58% and a net margin of 21.42%.

DigitalBridge Group Trading Up 10.4 %

Shares of NYSE:DBRG traded up $1.11 on Thursday, hitting $11.86. The company had a trading volume of 1,990,223 shares, compared to its average volume of 2,147,720. DigitalBridge Group has a 52-week low of $10.03 and a 52-week high of $19.49. The business has a 50 day moving average of $10.99 and a 200 day moving average of $12.63. The company has a market cap of $2.07 billion, a PE ratio of 16.39, a PEG ratio of 2.94 and a beta of 1.91.

Analyst Ratings Changes

A number of research firms recently weighed in on DBRG. JPMorgan Chase & Co. decreased their price target 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. Keefe, Bruyette & Woods downgraded DigitalBridge Group from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $17.75 to $14.00 in a research report on Wednesday, November 6th. B. Riley decreased their target price on DigitalBridge Group from $24.00 to $20.00 and set a “buy” rating on the stock in a research report on Tuesday, January 7th. Raymond James decreased their target price on DigitalBridge Group from $19.00 to $16.00 and set a “strong-buy” rating on the stock in a research report on Tuesday, November 5th. Finally, JMP Securities assumed coverage on DigitalBridge Group in a research report on Monday, January 27th. They set an “outperform” rating and a $16.00 target price on the stock. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $16.67.

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.