Fintel reports that on January 27, 2025, JMP Securities initiated coverage of DigitalBridge Group (NYSE:DBRG) with a Market Outperform recommendation.
Analyst Price Forecast Suggests 63.39% Upside
As of December 23, 2024, the average one-year price target for DigitalBridge Group is $17.79/share. The forecasts range from a low of $14.14 to a high of $25.20. The average price target represents an increase of 63.39% from its latest reported closing price of $10.89 / share.
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The projected annual revenue for DigitalBridge Group is 1,424MM, an increase of 62.44%. The projected annual non-GAAP EPS is -0.42.
What is the Fund Sentiment?
There are 651 funds or institutions reporting positions in DigitalBridge Group. This is an increase of 37 owner(s) or 6.03% in the last quarter. Average portfolio weight of all funds dedicated to DBRG is 0.39%, an increase of 3.33%. Total shares owned by institutions increased in the last three months by 0.99% to 197,562K shares. 
The put/call ratio of DBRG is 0.32, indicating a bullish outlook.
What are Other Shareholders Doing?
Wafra holds 15,456K shares representing 8.88% ownership of the company. No change in the last quarter.
T. Rowe Price Investment Management holds 12,565K shares representing 7.22% ownership of the company. In its prior filing, the firm reported owning 11,329K shares , representing an increase of 9.84%. The firm increased its portfolio allocation in DBRG by 9.30% over the last quarter.
VGSIX - Vanguard Real Estate Index Fund Investor Shares holds 6,540K shares representing 3.76% ownership of the company. In its prior filing, the firm reported owning 6,664K shares , representing a decrease of 1.90%. The firm decreased its portfolio allocation in DBRG by 24.85% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 5,495K shares representing 3.16% ownership of the company. In its prior filing, the firm reported owning 5,486K shares , representing an increase of 0.16%. The firm decreased its portfolio allocation in DBRG by 2.97% over the last quarter.
Alliancebernstein holds 4,728K shares representing 2.72% ownership of the company. In its prior filing, the firm reported owning 5,027K shares , representing a decrease of 6.33%. The firm increased its portfolio allocation in DBRG by 27.06% over the last quarter.
DigitalBridge Group Background Information
(This description is provided by the company.)
DigitalBridge is a leading global digital infrastructure REIT. With a heritage of over 25 years investing in and operating businesses across the digital ecosystem including cell 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. Headquartered in Boca Raton, DigitalBridge has key offices in Los Angeles, New York, London, and Singapore.
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