Last Updated: 08 Nov 2024
Executive Summary
Digitalbridge Group Inc. (DBRG) is a leading global investment firm specializing in real estate and infrastructure assets. The company has a market capitalization of $23.79 billion and trades on the NYSE. DBRG's latest stock price is $12.56, with a trailing PE ratio of 14.18 and a forward PE ratio of 83.33. Analysts have a strong buy rating on the stock, with a target price of $17.78.
Company Overview
Digitalbridge Group Inc. was founded in 1993 and is headquartered in Los Angeles, California. The company invests in a diversified portfolio of real estate, infrastructure, and private equity assets. DBRG's investment strategy focuses on identifying and capitalizing on secular trends in the global economy.
Fundamental Analysis
DBRG's financial performance has been mixed in recent quarters. The company reported a net loss of $74.04 million in its latest quarter, compared to a net income of $14.04 million in the same quarter last year. Revenue declined by 0.717% year-over-year to $876.65 million. However, the company's diluted EPS remained stable at $0.90.
DBRG's profitability metrics are relatively low. The company's gross profit margin is 21.8%, and its operating margin is 7.77%. However, the company's return on assets and return on equity are both above industry averages.
Technical Analysis
DBRG's stock price has been trending lower in recent months. The stock is currently trading below its 50-day and 200-day moving averages. The relative strength index (RSI) is also below 50, indicating that the stock is oversold.
Short Term Outlook
In the short term, DBRG's stock price is likely to remain under pressure. The company's financial performance has been mixed, and the technical indicators are bearish. However, the stock is trading at a discount to its analyst target price, which could provide support.
Long Term Outlook
In the long term, DBRG's prospects are more positive. The company has a strong track record of identifying and capitalizing on secular trends in the global economy. The company's diversified portfolio of assets should also provide some downside protection in the event of a market downturn.
Analyst Recommendations
Analysts have a strong buy rating on DBRG's stock. The consensus target price is $17.78, which represents a potential upside of over 40% from the current price.
