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

DigitalBridge Group, Inc. (NYSE:DBRG) has received an average rating of “Moderate Buy” from the ten research firms that are presently covering the company, Marketbeat reports. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, five have issued a buy rating and two have given a strong buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $16.1429.

Several research firms recently commented on DBRG. Zacks Research lowered shares of DigitalBridge Group from a “hold” rating to a “strong sell” rating in a report on Monday, October 13th. Weiss Ratings reissued a “sell (d+)” rating on shares of DigitalBridge Group in a research note on Wednesday, October 8th. Keefe, Bruyette & Woods lifted their target price on shares of DigitalBridge Group from $10.50 to $11.00 and gave the company a “market perform” rating in a report on Tuesday, August 12th. Truist Financial increased their price target on DigitalBridge Group from $15.00 to $16.00 and gave the company a “buy” rating in a report on Wednesday, August 20th. Finally, Wall Street Zen raised DigitalBridge Group from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th.

Institutional Trading of DigitalBridge Group

Large investors have recently bought and sold shares of the company. US Bancorp DE lifted its position in shares of DigitalBridge Group by 187.3% during the first quarter. US Bancorp DE now owns 6,265 shares of the company’s stock worth $55,000 after purchasing an additional 4,084 shares in the last quarter. Headlands Technologies LLC lifted its holdings in 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 buying an additional 5,854 shares in the last quarter. State of Alaska Department of Revenue purchased a new position in DigitalBridge Group in the 3rd quarter valued at about $84,000. NCM Capital Management LLC purchased a new position in DigitalBridge Group in the 1st quarter valued at about $92,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in shares of DigitalBridge Group during the first quarter valued at about $93,000. Institutional investors and hedge funds own 92.69% of the company’s stock.

DigitalBridge Group Trading Down 2.3%

Shares of DBRG opened at $12.41 on Friday. DigitalBridge Group has a twelve month low of $6.41 and a twelve month high of $16.19. The firm has a market capitalization of $2.26 billion, a P/E ratio of -310.33 and a beta of 1.66. The stock’s fifty day simple moving average is $11.93 and its 200 day simple moving average is $10.82.

DigitalBridge Group (NYSE:DBRG) last announced its quarterly earnings results on Thursday, March 21st. The company reported ($0.07) EPS for the quarter. The firm had revenue of $232.83 million for the quarter. DigitalBridge Group had a return on equity of 4.14% and a net margin of 18.57%. Sell-side analysts predict that DigitalBridge Group will post 0.17 earnings per share for the current year.

DigitalBridge Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $0.04 annualized dividend and a yield of 0.3%. DigitalBridge Group’s payout ratio is -100.00%.

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.