DigitalBridge Group (NYSE:DBRG) Trading Up 12% – Should You Buy?

DigitalBridge Group, Inc. (NYSE:DBRG) shares rose 12% on Friday . The company traded as high as $9.77 and last traded at $10.8850. Approximately 88,926 shares were traded during trading, a decline of 97% from the average daily volume of 2,769,104 shares. The stock had previously closed at $9.72.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Truist Financial upped 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. B. Riley raised DigitalBridge Group to a “strong-buy” rating in a research note on Thursday, October 30th. Keefe, Bruyette & Woods lifted their target price on DigitalBridge Group from $11.00 to $12.50 and gave the company a “market perform” rating in a research report on Monday, November 3rd. TD Cowen increased their price target on DigitalBridge Group from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Finally, Wall Street Zen upgraded DigitalBridge Group from a “sell” rating to a “hold” rating in a research note on Saturday, September 13th. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $16.93.

DigitalBridge Group Price Performance

The company has a market cap of $2.59 billion, a PE ratio of 236.64 and a beta of 1.77. The business has a fifty day simple moving average of $11.22 and a two-hundred day simple moving average of $11.07.

DigitalBridge Group (NYSE:DBRG) last released its quarterly earnings results on Thursday, March 21st. The company reported ($0.07) EPS for the quarter. The company had revenue of $232.83 million during the quarter. DigitalBridge Group had a return on equity of 4.78% and a net margin of 18.57%. On average, equities research analysts predict that DigitalBridge Group, Inc. will post 0.17 EPS for the current year.

DigitalBridge Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Wednesday, December 31st. DigitalBridge Group’s dividend payout ratio (DPR) is currently 66.67%.

Hedge Funds Weigh In On DigitalBridge Group

Large investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of DigitalBridge Group by 0.9% in the 3rd quarter. Vanguard Group Inc. now owns 17,235,457 shares of the company’s stock worth $201,655,000 after purchasing an additional 158,479 shares in the last quarter. Frontier Capital Management Co. LLC raised its stake in DigitalBridge Group by 29.8% in the second quarter. Frontier Capital Management Co. LLC now owns 5,669,342 shares of the company’s stock valued at $58,678,000 after buying an additional 1,302,150 shares during the last quarter. Portolan Capital Management LLC raised its stake in DigitalBridge Group by 77.4% in the third quarter. Portolan Capital Management LLC now owns 5,468,226 shares of the company’s stock valued at $63,978,000 after buying an additional 2,386,066 shares during the last quarter. Invesco Ltd. boosted its holdings in DigitalBridge Group by 5.5% in the third quarter. Invesco Ltd. now owns 4,049,310 shares of the company’s stock worth $47,377,000 after acquiring an additional 212,361 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of DigitalBridge Group by 5.5% during the second quarter. Geode Capital Management LLC now owns 3,908,311 shares of the company’s stock worth $40,456,000 after acquiring an additional 204,770 shares during the last quarter. 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.