DigitalBridge Swings to Fourth-Quarter Profit. The Stock Rises. [MarketWatch]
DigitalBridge Group, Inc. (DBRG)
Company Research
Source: MarketWatch
Want to see it on more articles? Give your feedback below or email product@barrons.com thumb-stroke-medium thumb-stroke-medium DigitalBridge posted fee revenue for the quarter of $74 million, up 67% from a year earlier. Dreamstime DigitalBridge Group stock was rising Tuesday after the alternative asset manager swung to a profit in the fourth quarter. DigitalBridge posted a profit of 58 cents a share for the quarter, compared with a year-earlier loss of 12 cents. Revenue in the quarter of $350.3 million rose from $271 million. Fee revenue for the quarter was $74 million, a 67% jump from the prior year. Advertisement “We had a strong finish to 2023 with the best quarter in investment management fees and fee-related earnings since we assumed leadership at DigitalBridge,” Chief Executive Marc Ganzi said in the earnings report. Ganzi founded Digital Bridge Holdings in 2013 and it was merged in 2019 with Colony Capital. The company was rebranded as DigitalBridge in S
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DBRG
News
- DigitalBridge Announces Exchanges and Redemption of 2025 Exchangeable Senior NotesBusiness Wire
- Swiss Life Asset Managers Completes Investment in Telecom Infrastructure Partners Joining InfraBridge as a Key ShareholderBusiness Wire
- DigitalBridge Group, Inc. (NYSE: DBRG) had its price target raised by analysts at Truist Financial Co. from $20.00 to $22.00. They now have a "buy" rating on the stock.MarketBeat
- DigitalBridge Announces First Quarter 2024 Earnings Release and Conference Call DateBusiness Wire
- ADIA Completes Acquisition of 40% Stake in Landmark Dividend Alongside DigitalBridgeBusiness Wire
DBRG
Earnings
- 2/21/24 - Beat
DBRG
Sec Filings
- 4/22/24 - Form 8-K
- 4/22/24 - Form 424B7
- 4/10/24 - Form DEFA14A
- DBRG's page on the SEC website