Truist Financial analyst Anthony Hau maintained a Buy rating on DigitalBridge Group (DBRG – Research Report) today and set a price target of $15.00.
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Anthony Hau has given his Buy rating due to a combination of factors that suggest DigitalBridge Group’s potential for growth. The management’s 2025 guidance is seen as realistic and achievable, which contrasts with previous years and aligns with investor expectations. Although the guidance figures are slightly below consensus estimates, the company has a pipeline of roughly $4.5 billion in Fee-Earning Equity Under Management (FEEUM) waiting to be activated, indicating potential for higher performance.
In addition, DigitalBridge’s recent capital raising efforts have been robust, with $4.8 billion in new capital formed during the quarter. This exceeded the company’s initial capital formation targets, with a significant portion coming from co-investments. Hau perceives these efforts as positive indicators of the company’s ability to drive growth and enhance shareholder value, supporting his Buy recommendation.
Hau covers the Real Estate sector, focusing on stocks such as Equinix, Whitestone REIT, and Plymouth Industrial Reit. According to TipRanks, Hau has an average return of 0.7% and a 50.00% success rate on recommended stocks.
In another report released yesterday, JMP Securities also reiterated a Buy rating on the stock with a $16.00 price target.