DigitalBridge Group (DBRG) – Research Analysts’ Recent Ratings Changes

A number of research firms have changed their ratings and price targets for DigitalBridge Group (NYSE: DBRG):

• 3/2/2023 – DigitalBridge Group had its price target lowered by analysts at Raymond James from $34.00 to $25.00. They now have a “strong-buy” rating on the stock.
• 2/27/2023 – DigitalBridge Group had its price target lowered by analysts at Wells Fargo & Company from $20.00 to $18.00. They now have an “overweight” rating on the stock.
• 2/27/2023 – DigitalBridge Group had its price target lowered by analysts at JPMorgan Chase & Co. from $20.00 to $17.00. They now have a “neutral” rating on the stock.
• 2/27/2023 – DigitalBridge Group had its price target lowered by analysts at B. Riley from $36.00 to $32.00. They now have a “buy” rating on the stock.
• 2/27/2023 – DigitalBridge Group had its price target lowered by analysts at Cowen Inc from $27.00 to $20.00.
• 2/15/2023 – DigitalBridge Group is now covered by analysts at Deutsche Bank Aktiengesellschaft. They set a “buy” rating and a $18.00 price target on the stock.

DigitalBridge Group Price Performance

NYSE DBRG opened at $11.51 on Monday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.41. The stock has a market capitalization of $1.84 billion, a PE ratio of -4.44 and a beta of 2.06. The company has a 50 day moving average price of $12.94 and a two-hundred day moving average price of $13.66. DigitalBridge Group, Inc. has a 12-month low of $10.39 and a 12-month high of $30.66.

DigitalBridge Group (NYSE:DBRG – Get Rating) last posted its earnings results on Friday, February 24th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.22). DigitalBridge Group had a negative net margin of 28.11% and a negative return on equity of 3.27%. The business had revenue of $301.90 million during the quarter, compared to analyst estimates of $294.67 million. During the same quarter last year, the firm earned ($0.04) earnings per share. DigitalBridge Group’s revenue was up 18.0% compared to the same quarter last year. As a group, equities analysts predict that DigitalBridge Group, Inc. will post 0.47 earnings per share for the current fiscal year.

DigitalBridge Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 17th. Stockholders of record on Friday, March 31st will be paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.35%. The ex-dividend date of this dividend is Thursday, March 30th. DigitalBridge Group’s payout ratio is -1.54%.

Institutional Trading of DigitalBridge Group

A number of institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of DigitalBridge Group by 2.3% in the first quarter. Vanguard Group Inc. now owns 74,983,124 shares of the company’s stock worth $539,879,000 after buying an additional 1,666,885 shares during the last quarter. State Street Corp lifted its stake in shares of DigitalBridge Group by 18.6% in the first quarter. State Street Corp now owns 20,337,683 shares of the company’s stock worth $146,431,000 after buying an additional 3,184,920 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in DigitalBridge Group by 28.4% during the second quarter. Price T Rowe Associates Inc. MD now owns 18,874,133 shares of the company’s stock worth $92,106,000 after acquiring an additional 4,176,103 shares during the period. Akre Capital Management LLC increased its position in DigitalBridge Group by 56.0% during the second quarter. Akre Capital Management LLC now owns 16,390,191 shares of the company’s stock worth $79,984,000 after acquiring an additional 5,885,391 shares during the period. Finally, Avenir Corp increased its position in DigitalBridge Group by 51.0% during the second quarter. Avenir Corp now owns 10,826,314 shares of the company’s stock worth $52,832,000 after acquiring an additional 3,655,214 shares during the period. 88.52% of the stock is currently owned by institutional investors and hedge funds.

DigitalBridge Group, Inc is a digital infrastructure company that engages in investing in digital ecosystem including cell towers, data centers, fiber, small cells, and edge infrastructure. It operates through the Digital Investment Management (Digital IM) and Corporate and Other segments. The Digital IM segment represents a digital infrastructure investment platform, managing capital on behalf of a diverse base of global investors.