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DigitalBridge Group, Inc. (DBRG) stock has reached a new 52-week low, trading at $7.54, representing a steep 61% decline from its 52-week high of $19.05. According to InvestingPro analysis, the company currently trades at its Fair Value, with a market capitalization of $1.38 billion. The real estate investment trust, specializing in digital infrastructure, has faced significant headwinds over the past year, with revenue declining 26.6% and a current ratio of 0.67 indicating potential liquidity challenges. Despite these pressures, InvestingPro data shows the company remains profitable, with a gross profit margin of 100% and positive earnings of $0.18 per share over the last twelve months. The current price level marks a critical juncture for DigitalBridge Group, as market participants weigh the potential for recovery against ongoing challenges in the sector. For deeper insights, investors can access 12 additional ProTips and comprehensive analysis through InvestingPro’s detailed research report.
In other recent news, DigitalBridge Group Inc. reported several significant developments. The company announced that its portfolio company Zayo has signed an agreement to acquire Crown Castle’s Fiber Solutions business for approximately $4.25 billion. This acquisition is expected to enhance Zayo’s network infrastructure by integrating Crown Castle (NYSE:CCI)’s fiber assets, which include about 90,000 route miles of fiber. Meanwhile, Truist Securities adjusted its price target for DigitalBridge to $13, down from $15, while maintaining a Buy rating, following the company’s fourth-quarter results for 2024. Truist also revised its forecast for DigitalBridge’s fee-related earnings for 2025 and 2026, lowering them based on several assumptions, including the expected growth of fee-earning equity under management.
Additionally, DigitalBridge, in collaboration with Crestview Partners, is reportedly in advanced discussions to acquire broadband and cable services provider WideOpenWest. However, the terms of the deal have not been finalized, and there remains a possibility that the agreement may not be signed. Furthermore, Keefe, Bruyette & Woods (KBW) reduced its price target for DigitalBridge shares to $13.50 from $14.00, maintaining a Market Perform rating. The adjustment reflects KBW’s analysis of the company’s valuation and future earnings projections, anticipating gains from the DataBank financing in early 2025. Lastly, Bloomberg reported that Matt Evans, head of Europe for DigitalBridge, is stepping down to pursue new opportunities.
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