DigitalBridge Group (NYSE:DBRG) Hits New 52-Week Low – Time to Sell?

DigitalBridge Group, Inc. (NYSE:DBRG)’s share price reached a new 52-week low during trading on Thursday . The stock traded as low as $8.26 and last traded at $8.38, with a volume of 1846283 shares changing hands. The stock had previously closed at $9.19.

Wall Street Analysts Forecast Growth

DBRG has been the subject of a number of research reports. Citizens Jmp upgraded DigitalBridge Group to a “strong-buy” rating in a research report on Monday, January 27th. B. Riley reduced their target price on DigitalBridge Group from $24.00 to $20.00 and set a “buy” rating for the company in a research report on Tuesday, January 7th. Truist Financial lowered their price target on shares of DigitalBridge Group from $15.00 to $13.00 and set a “buy” rating on the stock in a report on Tuesday, March 25th. JMP Securities initiated coverage on shares of DigitalBridge Group in a research note on Monday, January 27th. They issued an “outperform” rating and a $16.00 price objective for the company. Finally, JPMorgan Chase & Co. decreased their target price on shares of DigitalBridge Group from $20.00 to $18.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 21st. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, DigitalBridge Group presently has a consensus rating of “Buy” and an average target price of $16.39.

DigitalBridge Group Price Performance

The stock has a market capitalization of $1.23 billion, a P/E ratio of 234.50, a PEG ratio of 3.46 and a beta of 1.68. The company’s 50 day simple moving average is $10.14 and its two-hundred day simple moving average is $12.04.

DigitalBridge Group (NYSE:DBRG) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.03. The business had revenue of $101.55 million for the quarter, compared to analyst estimates of $93.01 million. DigitalBridge Group had a return on equity of 4.29% and a net margin of 10.98%. On average, research analysts anticipate that DigitalBridge Group, Inc. will post 0.17 earnings per share for the current fiscal year.

DigitalBridge Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $0.01 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.57%. DigitalBridge Group’s dividend payout ratio (DPR) is presently 133.33%.

Institutional Investors Weigh In On DigitalBridge Group

A number of hedge funds have recently added to or reduced their stakes in the stock. Moody National Bank Trust Division lifted its position in shares of DigitalBridge Group by 23.7% during the first quarter. Moody National Bank Trust Division now owns 56,984 shares of the company’s stock worth $503,000 after purchasing an additional 10,900 shares in the last quarter. Central Pacific Bank Trust Division lifted its holdings in DigitalBridge Group by 160.0% during the 1st quarter. Central Pacific Bank Trust Division now owns 6,500 shares of the company’s stock worth $57,000 after buying an additional 4,000 shares in the last quarter. Public Employees Retirement System of Ohio lifted its holdings in DigitalBridge Group by 26.6% during the 4th quarter. Public Employees Retirement System of Ohio now owns 581,594 shares of the company’s stock worth $6,560,000 after buying an additional 122,047 shares in the last quarter. Sunbelt Securities Inc. boosted its position in DigitalBridge Group by 109.9% in the 4th quarter. Sunbelt Securities Inc. now owns 2,796 shares of the company’s stock valued at $31,000 after buying an additional 1,464 shares during the last quarter. Finally, GTS Securities LLC acquired a new stake in shares of DigitalBridge Group in the 4th quarter valued at $216,000. Institutional investors own 92.69% of the company’s stock.

DigitalBridge Group Company Profile

DigitalBridge is an infrastructure investment firm specializing in digital infrastructure assets. They provide services to institutional investors. They primarily invest in data centers, cell towers, fiber networks, small cells, and edge infrastructure. DigitalBridge Group, Inc was founded in 1991 and is headquartered in Boca Raton, Florida with additional offices in Los Angles, California, and New York New York.