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

DigitalBridge Group, Inc. (NYSE:DBRG) has been assigned an average rating of “Moderate Buy” from the eleven ratings firms that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, six have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $17.6875.

DBRG has been the topic of several research reports. Wall Street Zen upgraded shares of DigitalBridge Group from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. 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. Weiss Ratings reiterated a “sell (d+)” rating on shares of DigitalBridge Group in a research note on Wednesday, October 8th. Royal Bank Of Canada upped their target price on DigitalBridge Group from $19.00 to $23.00 and gave the stock an “outperform” rating in a research note on Monday, December 8th. Finally, B. Riley upgraded DigitalBridge Group to a “strong-buy” rating in a research report on Thursday, October 30th.

Institutional Trading of DigitalBridge Group

Several institutional investors have recently bought and sold shares of DBRG. Nuveen LLC acquired a new stake in DigitalBridge Group in the 1st quarter valued at $6,590,000. Raymond James Financial Inc. raised its holdings in shares of DigitalBridge Group by 58.5% during the first quarter. Raymond James Financial Inc. now owns 574,423 shares of the company’s stock valued at $5,066,000 after acquiring an additional 212,125 shares during the last quarter. Northern Trust Corp raised its holdings in shares of DigitalBridge Group by 3.8% during the first quarter. Northern Trust Corp now owns 1,579,691 shares of the company’s stock valued at $13,933,000 after acquiring an additional 57,152 shares during the last quarter. Quantbot Technologies LP boosted its stake in shares of DigitalBridge Group by 193.4% in the first quarter. Quantbot Technologies LP now owns 192,895 shares of the company’s stock worth $1,701,000 after acquiring an additional 127,151 shares during the last quarter. Finally, EntryPoint Capital LLC purchased a new stake in shares of DigitalBridge Group during the first quarter worth approximately $360,000. 92.69% of the stock is owned by institutional investors and hedge funds.

DigitalBridge Group Trading Up 0.2%

Shares of DigitalBridge Group stock opened at $13.17 on Friday. DigitalBridge Group has a 12-month low of $6.41 and a 12-month high of $15.55. The firm has a market capitalization of $2.41 billion, a price-to-earnings ratio of 219.55 and a beta of 1.77. The firm’s 50 day simple moving average is $11.70 and its two-hundred day simple moving average is $11.28.

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

DigitalBridge Group Announces Dividend

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

DigitalBridge Group Company Profile

DigitalBridge Group, Inc (NYSE: DBRG) is a specialized global investment firm focused exclusively on digital infrastructure. The company originates, acquires, and manages a diversified portfolio of businesses that support the digital economy, including data centers, cell towers, small cells, fiber networks, edge infrastructure and related services. DigitalBridge seeks to generate sustainable, long-term returns for its investors by deploying capital into high-growth sectors driven by increasing data consumption, 5G deployment and cloud adoption.

Through its dedicated investment platforms, DigitalBridge provides equity and debt financing solutions to operators and owners of digital infrastructure assets.