DigitalBridge Group, Inc. (NYSE:DBRG) Given Consensus Rating of “Buy” by Brokerages

DigitalBridge Group, Inc. (NYSE:DBRG) has earned a consensus recommendation of “Buy” from the eight research firms that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $17.88.

A number of research firms recently commented on DBRG. Raymond James dropped their target price on shares of DigitalBridge Group from $19.00 to $16.00 and set a “strong-buy” rating on the stock in a research report on Tuesday, November 5th. JPMorgan Chase & Co. raised their price objective on DigitalBridge Group from $22.00 to $23.00 and gave the stock an “overweight” rating in a report on Tuesday, October 1st. Wells Fargo & Company reduced their target price on DigitalBridge Group from $18.00 to $16.00 and set an “overweight” rating for the company in a report on Monday, November 4th. Truist Financial dropped their price target on DigitalBridge Group from $17.00 to $15.00 and set a “buy” rating on the stock in a research note on Wednesday, December 11th. Finally, Keefe, Bruyette & Woods lowered DigitalBridge Group from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $17.75 to $14.00 in a research report on Wednesday, November 6th.

Institutional Investors Weigh In On DigitalBridge Group

Several hedge funds have recently modified their holdings of DBRG. Victory Capital Management Inc. raised its position in DigitalBridge Group by 4.1% during the 2nd quarter. Victory Capital Management Inc. now owns 22,165 shares of the company’s stock worth $304,000 after buying an additional 870 shares during the last quarter. Arizona State Retirement System raised its holdings in DigitalBridge Group by 1.9% during the second quarter. Arizona State Retirement System now owns 45,735 shares of the company’s stock worth $627,000 after purchasing an additional 872 shares in the last quarter. Fulton Bank N.A. raised its holdings in DigitalBridge Group by 3.2% during the third quarter. Fulton Bank N.A. now owns 28,372 shares of the company’s stock worth $401,000 after purchasing an additional 878 shares in the last quarter. King Luther Capital Management Corp lifted its position in DigitalBridge Group by 1.3% in the second quarter. King Luther Capital Management Corp now owns 71,038 shares of the company’s stock valued at $973,000 after purchasing an additional 942 shares during the period. Finally, nVerses Capital LLC boosted its holdings in DigitalBridge Group by 633.3% in the 2nd quarter. nVerses Capital LLC now owns 2,200 shares of the company’s stock valued at $30,000 after purchasing an additional 1,900 shares in the last quarter. 92.69% of the stock is owned by institutional investors and hedge funds.

DigitalBridge Group Stock Up 2.2 %

Shares of DigitalBridge Group stock opened at $11.33 on Friday. DigitalBridge Group has a 52 week low of $10.55 and a 52 week high of $20.99. The firm’s 50 day moving average is $12.50 and its two-hundred day moving average is $13.26. The firm has a market capitalization of $1.97 billion, a P/E ratio of 15.52, a P/E/G ratio of 13.76 and a beta of 1.89.

DigitalBridge Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued 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 is Tuesday, December 31st. DigitalBridge Group’s payout ratio is currently 5.48%.

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.