Streetbeat News

DBRG

DigitalBridge Group, Inc.

https://www.digitalbridge.com

Industry

REIT - Diversified

DigitalBridge (NYSE: DBRG) is an infrastructure investment firm. It specializes in investing and operating businesses across the digital ecosystem including cell towers, data centers, fiber, small cells, edge infrastructure, digital infrastructure and real estate. DigitalBridge Group, Inc. was founded in 2009 and is headquartered in Boca Raton, Florida with additional offices in Los Angeles, California; New York, New York; Boston, Massachusetts; Denver, Colorado; London, United Kingdom; Senningerberg, Luxembourg and Singapore.

Open

12.62

Mkt cap

2.2B

Volume

2.7M

High

12.73

P/E Ratio

14.11

52-wk high

20.99

Low

12.27

Div yield

0.00

52-wk low

11.07

TGI Fridays has filed for Chapter 11 bankruptcy, aiming to restructure its finances while keeping its company-owned locations open. Meanwhile, several companies are involved in M&A activities, including ConocoPhillips auctioning shale assets and BHP Group retracting previous comments on a failed acquisition.

Portfolio Pulse from Anthony Noto

November 02, 2024 | 3:00 pm

DigitalBridge Group's shares fell after the company reported Q3 earnings and revenues that were below expectations.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 6:54 pm

Charter Communications shares surged 11.1% in pre-market trading after reporting better-than-expected Q3 EPS and revenues. Other notable pre-market movers include Globalstar, Theriva Biologics, and Atlassian Corporation, which saw significant gains, while ESSA Pharma and Lexicon Pharmaceuticals experienced sharp declines.

Portfolio Pulse from Avi Kapoor

November 01, 2024 | 1:15 pm

BJ's Restaurants reported disappointing third-quarter earnings, leading to a 5.6% drop in pre-market trading. Other companies like nVent Electric, Amcor, and DigitalBridge also saw declines due to weaker-than-expected financial results.

Portfolio Pulse from Avi Kapoor

November 01, 2024 | 11:53 am

DigitalBridge Group reported Q3 2024 earnings per share of $0.06, missing the analyst estimate of $0.15 by 60%. Sales were $76.125M, missing the $98.416M estimate by 22.65% and down 71.02% from last year.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 11:21 am

DigitalBridge Group, Inc. (NYSE:DBRG) is set to acquire Yondr Group, a global developer of hyperscale data centers, to expand its digital infrastructure portfolio. This acquisition aims to capitalize on the growing demand for data centers driven by AI and cloud computing. The deal is expected to close in early 2025.

Portfolio Pulse from Benzinga Newsdesk

October 28, 2024 | 9:05 am

DigitalBridge Group is set to take JTOWER private by acquiring a 75.62% majority stake for JPY70.1 billion. This move is part of DigitalBridge's strategy to expand its digital infrastructure portfolio.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 12:32 pm

JP Morgan analyst Richard Choe maintains an Overweight rating on DigitalBridge Group (NYSE:DBRG) and raises the price target from $22 to $23.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 6:05 pm

Truist Securities has maintained a Buy rating on DigitalBridge Group (NYSE:DBRG) but has lowered the price target from $19 to $17.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 1:49 pm

Deutsche Bank analyst Matthew Niknam maintains a Buy rating on DigitalBridge Group (NYSE:DBRG) but lowers the price target from $17 to $16.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 3:51 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.