DigitalBridge Group Target of Unusually Large Options Trading (NYSE:DBRG)

DigitalBridge Group, Inc. (NYSE:DBRG) was the recipient of unusually large options trading on Friday. Stock traders bought 12,877 call options on the company. This represents an increase of approximately 161% compared to the typical daily volume of 4,935 call options.

DigitalBridge Group Trading Up 31.7%

DBRG traded up $3.09 during trading on Friday, hitting $12.81. The stock had a trading volume of 18,036,935 shares, compared to its average volume of 2,838,063. The firm has a market cap of $2.34 billion, a PE ratio of 213.29 and a beta of 1.77. DigitalBridge Group has a 12 month low of $6.41 and a 12 month high of $14.00. The company has a 50 day simple moving average of $11.17 and a 200-day simple moving average of $11.06.

DigitalBridge Group (NYSE:DBRG) last issued its quarterly earnings results on Thursday, March 21st. The company reported ($0.07) earnings per share (EPS) for the quarter. DigitalBridge Group had a net margin of 18.57% and a return on equity of 4.78%. The business had revenue of $232.83 million during the quarter. As a group, sell-side analysts anticipate that DigitalBridge Group will post 0.17 earnings per share for the current fiscal year.

DigitalBridge Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be given a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Wednesday, December 31st. DigitalBridge Group’s dividend payout ratio is currently 66.67%.

Institutional Investors Weigh In On DigitalBridge Group

Several hedge funds and other institutional investors have recently modified their holdings of DBRG. US Bancorp DE raised its stake in DigitalBridge Group by 187.3% during the 1st quarter. US Bancorp DE now owns 6,265 shares of the company’s stock valued at $55,000 after purchasing an additional 4,084 shares during the last quarter. Headlands Technologies LLC lifted its position in shares of DigitalBridge Group by 200.5% in the 1st quarter. Headlands Technologies LLC now owns 8,774 shares of the company’s stock worth $77,000 after acquiring an additional 5,854 shares during the period. State of Alaska Department of Revenue bought a new stake in shares of DigitalBridge Group in the 3rd quarter worth approximately $84,000. NCM Capital Management LLC acquired a new stake in shares of DigitalBridge Group during the 1st quarter worth approximately $92,000. Finally, Captrust Financial Advisors bought a new stake in shares of DigitalBridge Group during the second quarter valued at approximately $109,000. Institutional investors and hedge funds own 92.69% of the company’s stock.

Wall Street Analysts Forecast Growth

DBRG has been the subject of several recent research reports. Wall Street Zen raised shares of DigitalBridge Group from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. Truist Financial upped their price objective on shares of DigitalBridge Group from $15.00 to $16.00 and gave the stock a “buy” rating in a report on Wednesday, August 20th. Weiss Ratings reissued a “sell (d+)” rating on shares of DigitalBridge Group in a research report on Wednesday, October 8th. Zacks Research raised DigitalBridge Group from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 5th. Finally, Keefe, Bruyette & Woods upped their price target on DigitalBridge Group from $11.00 to $12.50 and gave the stock a “market perform” rating in a research note on Monday, November 3rd. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, DigitalBridge Group currently has an average rating of “Moderate Buy” and a consensus target price of $16.93.

About DigitalBridge Group

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.