DigitalBridge Group (NYSE:DBRG) Sets New 52-Week Low – Time to Sell?

DigitalBridge Group, Inc. (NYSE:DBRG)’s stock price reached a new 52-week low during trading on Tuesday . The stock traded as low as $10.04 and last traded at $10.20, with a volume of 258870 shares. The stock had previously closed at $10.18.

Wall Street Analysts Forecast Growth

DBRG has been the subject of several research reports. Citizens Jmp upgraded shares of DigitalBridge Group to a “strong-buy” rating in a research note on Monday, January 27th. Raymond James lowered their price objective on shares of DigitalBridge Group from $19.00 to $16.00 and set a “strong-buy” rating for the company in a research note on Tuesday, November 5th. JPMorgan Chase & Co. lowered their price objective on shares of DigitalBridge Group from $20.00 to $18.00 and set an “overweight” rating for the company in a research note on Tuesday, January 21st. Keefe, Bruyette & Woods downgraded shares of DigitalBridge Group from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $17.75 to $14.00 in a research report on Wednesday, November 6th. Finally, B. Riley decreased their target price on shares of DigitalBridge Group from $24.00 to $20.00 and set a “buy” rating for the company in a research report on Tuesday, January 7th. One investment 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 stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $16.67.

DigitalBridge Group Stock Up 14.2 %

The business’s 50-day moving average is $10.99 and its 200-day moving average is $12.63. The company has a market capitalization of $2.14 billion, a price-to-earnings ratio of 16.82, a P/E/G ratio of 2.94 and a beta of 1.91.

DigitalBridge Group (NYSE:DBRG) last released its earnings results on Thursday, February 20th. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.03. DigitalBridge Group had a net margin of 21.42% and a return on equity of 3.58%. As a group, analysts expect that DigitalBridge Group, Inc. will post 0.04 EPS for the current year.

Institutional Trading of DigitalBridge Group

Large investors have recently bought and sold shares of the business. Meeder Asset Management Inc. acquired a new position in shares of DigitalBridge Group in the 3rd quarter worth approximately $34,000. Sunbelt Securities Inc. lifted its holdings in shares of DigitalBridge Group by 109.9% in the 4th quarter. Sunbelt Securities Inc. now owns 2,796 shares of the company’s stock worth $31,000 after acquiring an additional 1,464 shares during the last quarter. Spire Wealth Management acquired a new position in shares of DigitalBridge Group in the 4th quarter worth approximately $37,000. Point72 Hong Kong Ltd acquired a new position in shares of DigitalBridge Group in the 4th quarter worth approximately $39,000. Finally, Blue Trust Inc. lifted its holdings in shares of DigitalBridge Group by 179.2% in the 3rd quarter. Blue Trust Inc. now owns 3,752 shares of the company’s stock worth $51,000 after acquiring an additional 2,408 shares during the last quarter. Hedge funds and other institutional investors own 92.69% of the company’s stock.

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.