DigitalBridge appoints Wendy Pryce as managing director

Published 02/10/2025, 13:06
DigitalBridge appoints Wendy Pryce as managing director

BOCA RATON - DigitalBridge Group, Inc. (NYSE:DBRG), currently valued at $2.26 billion and trading at $11.89, has appointed Wendy Pryce as Managing Director, according to a press release statement from the digital infrastructure investment firm. InvestingPro data shows the stock has gained nearly 30% over the past six months, though it remains below its 52-week high of $17.33.

In her new role, Pryce will serve as a real estate specialist and member of the leadership team for the company’s new stabilized data center strategies. She will also oversee relationships with global real estate investors. According to InvestingPro analysis, DigitalBridge maintains a "Fair" overall financial health score, with particularly strong performance in cash flow management.

Pryce brings over 20 years of experience in real estate investing, capital raising, and product development. She previously served as Managing Director and Real Estate Specialist at Nuveen, where she led capital raising efforts across the Americas. Before that, she spent more than a decade at Morgan Stanley Investment Management managing global investor relations for private real estate funds and executing acquisitions and disposals.

Kevin Smithen, Chief Commercial and Strategy Officer at DigitalBridge, said Pryce’s experience in real estate and track record in capital formation will be instrumental as the company scales its initiative in stabilized data centers.

Pryce holds an MBA from the Stanford Graduate School of Business and a BSBA from Washington University in St. Louis. She has been active in industry organizations including PREA, IREI, ULI, PERE, and AIREI.

DigitalBridge describes stabilized data centers as critical facilities for cloud and AI providers who rely on long-term, reliable environments. The company states that demand for these facilities is shaped by digitalization, cloud adoption, and AI growth.

The firm currently manages $106 billion of infrastructure assets on behalf of its limited partners and shareholders, according to the company. While analysts expect a sales decline in the current year, they maintain a positive outlook on profitability. For deeper insights into DigitalBridge’s financial performance and growth potential, investors can access comprehensive analysis through InvestingPro’s detailed research reports, which are available for over 1,400 US stocks.

In other recent news, DigitalBridge Group Inc. reported its Q2 2025 earnings, showcasing a significant earnings per share (EPS) of $0.10, which exceeded analyst expectations of $0.0629 by 58.98%. However, the company’s revenue fell short, recording -$3.21 million against an anticipated $104.37 million, resulting in a surprise of -103.08%. In related developments, DigitalBridge’s portfolio company, Vantage Data Centers, announced plans to develop a $25 billion hyperscale data center campus in Shackelford County, Texas. This project, named "Frontier," will include 10 data centers designed to support AI applications with advanced cooling systems.

Additionally, Vantage Data Centers secured a $1.6 billion investment to boost its expansion in the Asia-Pacific region, with funding led by GIC and the Abu Dhabi Investment Authority. Meanwhile, Truist Securities increased its price target for DigitalBridge Group to $16.00 from $15.00, maintaining a Buy rating. The firm also revised its 2025 and 2026 fee-related earnings forecasts upward, following DigitalBridge’s recent earnings results. These developments highlight ongoing strategic initiatives and financial adjustments within DigitalBridge Group and its affiliates.

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