DigitalBridge Group Inc. (DBRG) looking to reclaim success with recent performance

DigitalBridge Group Inc. (NYSE: DBRG) stock jumped 5.26% on Tuesday to $12.81 against a previous-day closing price of $12.17. With 3.84 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.72 million shares. During the session, the Real Estate Services company that operates in wider Real Estate sector, reached to the highest price of $12.93 whereas the lowest price it dropped to was $12.03. The 52-week range on DBRG shows that it touched its highest point at $32.12 and its lowest point at $10.39 during that stretch. It currently has a 1-year price target of $25.00. With its current market cap of 1.99 billion, DBRG has annualized dividend of $0.04 while the current yield stands at 0.31%. Beta for the stock currently stands at 2.01.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of DBRG was up-trending over the past week, with a rise of 5.96%, but this was up by 13.97% over a month. Three-month performance surged to 0.39% while six-month performance fell -39.23%. The stock lost -57.01% in the past year, while it has gained 17.09% so far this year. A look at the trailing 12-month EPS for DBRG yields -1.67 with Next year EPS estimates of -0.71. For the next quarter, that number is -0.33. This implies an EPS growth rate of 72.00% for this year and 73.90% for next year.

Float and Shares Shorts:

At present, 162.40 million DBRG shares are outstanding with a float of 152.71 million shares on hand for trading. On Oct 13, 2022, short shares totaled 8.79 million, which was 5.36% higher than short shares on Sep 14, 2022. In addition to Mr. Marc Christopher Ganzi as the firm’s CEO & Director, Mr. Jacky Wu serves as its EVP, CFO & Treasurer.

Institutional Ownership:

Through their ownership of 87.39% of DBRG’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 47.35% of DBRG, in contrast to 41.83% held by mutual funds. Shares owned by individuals account for 0.14%. As the largest shareholder in DBRG with 14.18% of the stake, The Vanguard Group, Inc. holds 22,647,313 shares worth 22,647,313. A second-largest stockholder of DBRG, Wafra, Inc., holds 14,435,399 shares, controlling over 9.04% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in DBRG, holding 9,122,060 shares or 5.71% stake. With a 5.24% stake in DBRG, the American Funds Small Cap World Fu is the largest stakeholder. A total of 8,363,593 shares are owned by the mutual fund manager. The Vanguard Real Estate Index Fund, which owns about 4.58% of DBRG stock, is the second-largest Mutual Fund holder. It holds 7,313,314 shares valued at 80.01 million. Vanguard Total Stock Market Index holds 3.04% of the stake in DBRG, owning 4,854,511 shares worth 53.11 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for DBRG since 8 analysts follow the stock currently. There are 6 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With DBRG analysts setting a high price target of $35.00 and a low target of $12.50, the average target price over the next 12 months is $22.06. Based on these targets, DBRG could surge 173.22% to reach the target high and fall by -2.42% to reach the target low. Reaching the average price target will result in a growth of 72.21% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. DBRG will report FY 2022 earnings on 02/22/2024. Analysts have provided yearly estimates in a range of -$0.99 being high and -$3.38 being low. For DBRG, this leads to a yearly average estimate of -$2.43. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. DigitalBridge Group Inc. surprised analysts by -$0.23 when it reported -$0.39 EPS against a consensus estimate of -$0.16. The surprise factor in the prior quarter was $0.02. Based on analyst estimates, the high estimate for the next quarter is -$0.06 and the low estimate is -$0.91. The average estimate for the next quarter is thus -$0.37.

Summary of Insider Activity:

Insiders traded DBRG stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 15 while that of sell transactions has risen to 10 over the past year. The total number of shares bought during that period was 996,098 while 435,095 shares were sold.

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