DigitalBridge Group, Inc. (NYSE:DBRG) Receives $22.08 Consensus Price Target from Analysts

DigitalBridge Group, Inc. (NYSE:DBRG) has been given an average rating of “Buy” by the five ratings firms that are presently covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $22.08.

Separately, Truist Financial upped their price target on DigitalBridge Group from $20.00 to $22.00 and gave the company a “buy” rating in a research report on Tuesday.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Pacer Advisors Inc. purchased a new position in shares of DigitalBridge Group during the fourth quarter worth $19,351,000. Vanguard Group Inc. boosted its position in shares of DigitalBridge Group by 0.4% during the third quarter. Vanguard Group Inc. now owns 23,377,984 shares of the company’s stock worth $410,985,000 after buying an additional 83,381 shares during the period. Raymond James & Associates boosted its position in shares of DigitalBridge Group by 311.5% during the fourth quarter. Raymond James & Associates now owns 469,647 shares of the company’s stock worth $8,238,000 after buying an additional 355,524 shares during the period. Wellington Management Group LLP purchased a new position in shares of DigitalBridge Group during the third quarter worth $47,948,000. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of DigitalBridge Group by 2.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,515,517 shares of the company’s stock worth $26,643,000 after buying an additional 33,936 shares during the period. 92.69% of the stock is currently owned by hedge funds and other institutional investors.

DigitalBridge Group Trading Down 1.4 %

NYSE DBRG opened at $17.29 on Tuesday. The stock has a market capitalization of $2.83 billion, a price-to-earnings ratio of 35.29 and a beta of 1.91. DigitalBridge Group has a twelve month low of $10.20 and a twelve month high of $20.99. The stock has a 50-day moving average of $18.70 and a 200 day moving average of $17.71.

DigitalBridge Group (NYSE:DBRG) last released its quarterly earnings results on Tuesday, February 20th. The company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.06. DigitalBridge Group had a return on equity of 2.39% and a net margin of 12.33%. The company had revenue of $350.31 million during the quarter, compared to analysts’ expectations of $287.41 million. Equities analysts predict that DigitalBridge Group will post -0.14 EPS for the current fiscal year.

DigitalBridge Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Sunday, March 31st were given a $0.01 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.04 annualized dividend and a yield of 0.23%. DigitalBridge Group’s payout ratio is 8.16%.

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.