DigitalBridge Group, Inc. (NYSE:DBRG) Receives $16.14 Average PT from Analysts

Shares of DigitalBridge Group, Inc. (NYSE:DBRG) have been assigned a consensus recommendation of “Moderate Buy” from the ten brokerages that are covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating, five have issued a buy rating and two have issued a strong buy rating on the company. The average 1-year target price among analysts that have covered the stock in the last year is $16.9286.

Several equities analysts recently commented on DBRG shares. Zacks Research downgraded shares of DigitalBridge Group from a “hold” rating to a “strong sell” rating in a report on Monday, October 13th. Wall Street Zen upgraded DigitalBridge Group from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. B. Riley upgraded DigitalBridge Group to a “strong-buy” rating in a report on Thursday, October 30th. Truist Financial raised their price target on DigitalBridge Group from $15.00 to $16.00 and gave the stock a “buy” rating in a research note on Wednesday, August 20th. Finally, Keefe, Bruyette & Woods upped their price objective on DigitalBridge Group from $11.00 to $12.50 and gave the company a “market perform” rating in a research report on Monday.

DigitalBridge Group Stock Performance

NYSE DBRG opened at $10.92 on Friday. The business’s 50 day moving average price is $11.97 and its 200-day moving average price is $10.95. DigitalBridge Group has a fifty-two week low of $6.41 and a fifty-two week high of $14.00. The company has a market cap of $1.99 billion, a P/E ratio of -273.00 and a beta of 1.78.

DigitalBridge Group (NYSE:DBRG) last posted its quarterly earnings data on Thursday, March 21st. The company reported ($0.07) EPS for the quarter. DigitalBridge Group had a return on equity of 4.14% and a net margin of 18.57%.The firm had revenue of $232.83 million for the quarter. As a group, equities analysts predict that DigitalBridge Group will post 0.17 EPS for the current year.

DigitalBridge Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Wednesday, December 31st. DigitalBridge Group’s dividend payout ratio (DPR) is currently 66.67%.

Hedge Funds Weigh In On DigitalBridge Group

A number of hedge funds have recently added to or reduced their stakes in the stock. Gateway Wealth Partners LLC purchased a new stake in shares of DigitalBridge Group in the third quarter valued at approximately $5,483,000. State of Wyoming raised its position in DigitalBridge Group by 227.3% during the 3rd quarter. State of Wyoming now owns 51,107 shares of the company’s stock valued at $598,000 after purchasing an additional 35,491 shares in the last quarter. Arizona State Retirement System lifted its holdings in shares of DigitalBridge Group by 2.4% in the 3rd quarter. Arizona State Retirement System now owns 52,115 shares of the company’s stock worth $610,000 after buying an additional 1,244 shares during the period. New York State Common Retirement Fund grew its position in shares of DigitalBridge Group by 13.3% during the 3rd quarter. New York State Common Retirement Fund now owns 649,033 shares of the company’s stock worth $7,594,000 after buying an additional 76,251 shares in the last quarter. Finally, one8zero8 LLC increased its stake in shares of DigitalBridge Group by 46.3% during the third quarter. one8zero8 LLC now owns 15,800 shares of the company’s stock valued at $185,000 after buying an additional 5,000 shares during the period. 92.69% of the stock is currently owned by institutional investors.

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.