DigitalBridge Group (NYSE:DBRG) Issues Earnings Results

DigitalBridge Group (NYSE:DBRG) posted its quarterly earnings results on Tuesday. The company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.04 by $0.05, FiscalAI reports. The business had revenue of $88.06 million during the quarter, compared to the consensus estimate of $102.90 million.

DigitalBridge Group Stock Up 0.3%

Shares of DigitalBridge Group stock traded up $0.05 on Tuesday, reaching $15.88. The stock had a trading volume of 4,598,258 shares, compared to its average volume of 3,491,009. The stock has a market capitalization of $2.90 billion, a P/E ratio of 32.41 and a beta of 1.47. The company has a 50 day moving average price of $15.76 and a 200 day moving average price of $15.57. DigitalBridge Group has a 1 year low of $8.94 and a 1 year high of $15.92.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of DigitalBridge Group in a report on Friday, May 29th. One analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $16.00.

Institutional Investors Weigh In On DigitalBridge Group

Several institutional investors have recently bought and sold shares of the company. Pentwater Capital Management LP purchased a new position in DigitalBridge Group in the fourth quarter worth $176,410,000. KRYGER CAPITAL Ltd purchased a new stake in shares of DigitalBridge Group during the 4th quarter valued at $75,234,000. New South Capital Management Inc. boosted its position in shares of DigitalBridge Group by 21.0% in the 4th quarter. New South Capital Management Inc. now owns 4,571,797 shares of the company’s stock worth $70,131,000 after purchasing an additional 794,434 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of DigitalBridge Group by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 4,082,778 shares of the company’s stock worth $62,640,000 after purchasing an additional 104,773 shares in the last quarter. Finally, Invesco Ltd. boosted its position in shares of DigitalBridge Group by 5.5% in the 3rd quarter. Invesco Ltd. now owns 4,049,310 shares of the company’s stock worth $47,377,000 after purchasing an additional 212,361 shares in the last quarter. 92.69% of the stock is currently owned by institutional investors and hedge funds.

DigitalBridge Group Company Profile

DigitalBridge Group, Inc (NYSE: DBRG) is a specialized global investment firm focused exclusively on digital infrastructure. The company originates, acquires, and manages a diversified portfolio of businesses that support the digital economy, including data centers, cell towers, small cells, fiber networks, edge infrastructure and related services. DigitalBridge seeks to generate sustainable, long-term returns for its investors by deploying capital into high-growth sectors driven by increasing data consumption, 5G deployment and cloud adoption.

Through its dedicated investment platforms, DigitalBridge provides equity and debt financing solutions to operators and owners of digital infrastructure assets.