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KBW Keeps Their Hold Rating on DigitalBridge Group (DBRG)

Tipranks - Mon Jan 5, 2:40AM CST

In a report released on January 2, Jade Rahmani from KBW maintained a Hold rating on DigitalBridge Group, with a price target of $16.00. The company’s shares closed last Friday at $15.38.

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According to TipRanks, Rahmani is a 5-star analyst with an average return of 14.6% and a 69.09% success rate. Rahmani covers the Real Estate sector, focusing on stocks such as Jones Lang Lasalle, Apollo Real Estate, and Ares Commercial.

DigitalBridge Group has an analyst consensus of Hold, with a price target consensus of $16.00, representing a 4.03% upside. In a report released on December 31, Truist Financial also downgraded the stock to a Hold with a $16.00 price target.

Based on DigitalBridge Group’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $124.03 million and a net profit of $31.41 million. In comparison, last year the company earned a revenue of $76.13 million and had a net profit of $13.78 million

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