DigitalBridge Group (NYSE:DBRG) Sets New 52-Week Low at $5.41

DigitalBridge Group, Inc. (NYSE:DBRGGet Rating)’s stock price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $5.41 and last traded at $5.45, with a volume of 384210 shares trading hands. The stock had previously closed at $5.81.

DBRG has been the topic of a number of recent analyst reports. Raymond James decreased their price objective on shares of DigitalBridge Group from $10.00 to $9.50 and set a “strong-buy” rating on the stock in a research note on Monday, February 28th. Zacks Investment Research upgraded shares of DigitalBridge Group from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 27th. JPMorgan Chase & Co. upgraded shares of DigitalBridge Group from an “underweight” rating to a “neutral” rating and set a $7.00 price target on the stock in a report on Friday, March 18th. Finally, BMO Capital Markets lowered shares of DigitalBridge Group from an “outperform” rating to a “market perform” rating in a report on Wednesday. Three investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $9.25.

The company has a market cap of $3.16 billion, a price-to-earnings ratio of -7.76 and a beta of 1.75. The business’s fifty day moving average price is $6.93 and its 200 day moving average price is $7.38. The company has a debt-to-equity ratio of 1.20, a current ratio of 2.02 and a quick ratio of 2.02.

DigitalBridge Group (NYSE:DBRGGet Rating) last issued its quarterly earnings results on Thursday, May 5th. The company reported ($0.46) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.47). DigitalBridge Group had a negative return on equity of 3.51% and a negative net margin of 30.95%. During the same quarter last year, the business posted $0.01 EPS. As a group, equities research analysts anticipate that DigitalBridge Group, Inc. will post 0.05 EPS for the current year.

Hedge funds have recently added to or reduced their stakes in the stock. Moors & Cabot Inc. acquired a new position in DigitalBridge Group in the third quarter valued at $542,000. Traynor Capital Management Inc. bought a new stake in shares of DigitalBridge Group during the fourth quarter worth about $214,000. Van ECK Associates Corp increased its position in shares of DigitalBridge Group by 66.9% during the fourth quarter. Van ECK Associates Corp now owns 37,766 shares of the company’s stock worth $315,000 after acquiring an additional 15,141 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its position in shares of DigitalBridge Group by 10.0% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 435,600 shares of the company’s stock worth $3,629,000 after acquiring an additional 39,600 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV increased its position in shares of DigitalBridge Group by 22.7% during the third quarter. Mercer Global Advisors Inc. ADV now owns 13,884 shares of the company’s stock worth $84,000 after acquiring an additional 2,570 shares in the last quarter. Institutional investors and hedge funds own 79.37% of the company’s stock.

DigitalBridge Group Company Profile (NYSE:DBRG)

DigitalBridge Group, Inc is a leading global digital infrastructure REIT and private equity firm. With a heritage of over 25 years investing in and operating businesses across the digital ecosystem including towers, data centers, fiber, small cells, and edge infrastructure, the DigitalBridge team manages a $35 billion portfolio of digital infrastructure assets on behalf of its limited partners and shareholders.

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