DigitalBridge Group, Inc. (NYSE:DBRG) Receives Average Rating of “Moderate Buy” from Analysts

Shares of DigitalBridge Group, Inc. (NYSE:DBRG) have been assigned a consensus recommendation of “Moderate Buy” from the ten ratings firms that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation, five have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $16.9286.

Several analysts recently weighed in on DBRG shares. Wall Street Zen raised shares of DigitalBridge Group from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. B. Riley upgraded shares of DigitalBridge Group to a “strong-buy” rating in a report on Thursday, October 30th. Keefe, Bruyette & Woods lifted their price objective on shares of DigitalBridge Group from $11.00 to $12.50 and gave the stock a “market perform” rating in a research report on Monday, November 3rd. Truist Financial boosted their target price on shares of DigitalBridge Group from $15.00 to $16.00 and gave the stock a “buy” rating in a research note on Wednesday, August 20th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of DigitalBridge Group in a report on Wednesday, October 8th.

DigitalBridge Group Trading Up 3.1%

NYSE:DBRG opened at $9.46 on Tuesday. DigitalBridge Group has a 12-month low of $6.41 and a 12-month high of $14.00. The firm has a market cap of $1.73 billion, a PE ratio of -236.38 and a beta of 1.78. The stock has a fifty day moving average price of $11.57 and a 200 day moving average price of $11.10.

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

DigitalBridge Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Wednesday, December 31st. DigitalBridge Group’s dividend payout ratio (DPR) is 66.67%.

Hedge Funds Weigh In On DigitalBridge Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DBRG. US Bancorp DE lifted its position in shares of DigitalBridge Group by 187.3% during the 1st quarter. US Bancorp DE now owns 6,265 shares of the company’s stock worth $55,000 after buying an additional 4,084 shares during the last quarter. Headlands Technologies LLC raised its stake in DigitalBridge Group by 200.5% during the 1st quarter. Headlands Technologies LLC now owns 8,774 shares of the company’s stock worth $77,000 after acquiring an additional 5,854 shares in the last quarter. State of Alaska Department of Revenue acquired a new stake in DigitalBridge Group during the 3rd quarter worth $84,000. NCM Capital Management LLC purchased a new stake in DigitalBridge Group in the first quarter valued at $92,000. Finally, Captrust Financial Advisors acquired a new position in DigitalBridge Group in the second quarter valued at $109,000. 92.69% of the stock is owned by institutional investors and hedge funds.

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.