DigitalBridge Group, Inc. (NYSE:DBRG) Given Consensus Recommendation of “Buy” by Analysts

DigitalBridge Group, Inc. (NYSE:DBRG) has been assigned an average recommendation of “Buy” from the ten ratings firms that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $16.06.

DBRG has been the subject of a number of recent research reports. Truist Financial decreased their price target on shares of DigitalBridge Group from $15.00 to $13.00 and set a “buy” rating for the company in a research note on Tuesday, March 25th. JMP Securities initiated coverage on shares of DigitalBridge Group in a research note on Monday, January 27th. They set an “outperform” rating and a $16.00 price target for the company. Keefe, Bruyette & Woods decreased their price target on shares of DigitalBridge Group from $13.50 to $10.50 and set a “market perform” rating for the company in a research note on Tuesday, May 6th. JPMorgan Chase & Co. decreased their price target on shares of DigitalBridge Group from $20.00 to $18.00 and set an “overweight” rating for the company in a research note on Tuesday, January 21st. Finally, Citizens Jmp upgraded shares of DigitalBridge Group to a “strong-buy” rating in a research note on Monday, January 27th.

DigitalBridge Group Stock Up 0.4%

NYSE:DBRG opened at $9.12 on Friday. The firm has a market capitalization of $1.59 billion, a P/E ratio of 304.00, a P/E/G ratio of 3.46 and a beta of 1.58. The company has a fifty day moving average of $8.58 and a 200-day moving average of $10.66. DigitalBridge Group has a twelve month low of $6.41 and a twelve month high of $17.33.

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

DigitalBridge Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be paid a $0.01 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $0.04 annualized dividend and a dividend yield of 0.44%. DigitalBridge Group’s payout ratio is 13.33%.

Institutional Trading of DigitalBridge Group

Several institutional investors have recently made changes to their positions in DBRG. Sunbelt Securities Inc. boosted its holdings in shares of DigitalBridge Group by 109.9% in the 4th quarter. Sunbelt Securities Inc. now owns 2,796 shares of the company’s stock worth $31,000 after buying an additional 1,464 shares during the last quarter. Spire Wealth Management purchased a new position in shares of DigitalBridge Group in the 4th quarter worth about $37,000. Point72 Hong Kong Ltd purchased a new position in shares of DigitalBridge Group in the 4th quarter worth about $39,000. GAMMA Investing LLC boosted its holdings in shares of DigitalBridge Group by 978.9% in the 1st quarter. GAMMA Investing LLC now owns 4,445 shares of the company’s stock worth $39,000 after buying an additional 4,033 shares during the last quarter. Finally, Manchester Capital Management LLC boosted its holdings in shares of DigitalBridge Group by 172.1% in the 4th quarter. Manchester Capital Management LLC now owns 4,372 shares of the company’s stock worth $49,000 after buying an additional 2,765 shares during the last quarter. 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.