DigitalBridge Group, Inc. (DBRG) – What Are Investment Firms Thinking About This Stock?

Shares of DigitalBridge Group, Inc. (NYSE:DBRG) have been given an average recommendation of “Hold” by the nine research firms that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $16.00.

Several analysts recently weighed in on the company. Wall Street Zen upgraded DigitalBridge Group to a “hold” rating in a research note on Saturday, September 5th. Weiss Ratings lowered DigitalBridge Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, August 31st.

Institutional Investors Weigh In On DigitalBridge Group

Several hedge funds and other institutional investors have recently modified their holdings of DBRG. Kryger Capital LLC bought a new position in shares of DigitalBridge Group during the 1st quarter worth about $102,736,000. Hsbc Holdings PLC raised its position in shares of DigitalBridge Group by 159.3% during the first quarter. Hsbc Holdings PLC now owns 3,110,592 shares of the company’s stock valued at $47,919,000 after buying an additional 1,910,984 shares during the last quarter. Bank of America Corp DE raised its position in shares of DigitalBridge Group by 29.4% during the first quarter. Bank of America Corp DE now owns 2,574,508 shares of the company’s stock valued at $39,699,000 after buying an additional 584,205 shares during the last quarter. Capula Management Ltd acquired a new position in shares of DigitalBridge Group during the first quarter valued at about $25,686,000. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of DigitalBridge Group by 126,130,000.0% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,261,301 shares of the company’s stock valued at $19,449,000 after buying an additional 1,261,300 shares during the period. Institutional investors and hedge funds own 92.69% of the company’s stock.

DigitalBridge Group Stock Performance

Shares of NYSE:DBRG opened at $16.00 on Friday. The stock’s 50-day moving average is $15.95 and its 200-day moving average is $15.79. The company has a market cap of $3.00 billion, a P/E ratio of 10.39 and a beta of 1.45. DigitalBridge Group has a 52-week low of $8.94 and a 52-week high of $16.00.

DigitalBridge Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were issued a dividend of $0.01 per share. The ex-dividend date was Wednesday, September 30th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.3%. DigitalBridge Group’s payout ratio is 2.60%.

About DigitalBridge Group

DigitalBridge Group, Inc (NYSE: DBRG) is a global investment management firm focused on digital infrastructure. The company provides investment management services and invests in assets that support the digital economy, including data centers, cell towers, fiber networks, small-cell infrastructure and edge computing facilities.

Through its investment platforms and portfolio companies, DigitalBridge partners with institutional investors to develop, acquire and operate digital infrastructure businesses.