DigitalBridge Group, Inc. (NYSE:DBRG) Given Average Rating of “Hold” by Analysts

DigitalBridge Group, Inc. (NYSE:DBRG) has been given a consensus recommendation of “Hold” by the eleven analysts that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, six have given a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $16.2222.

A number of research analysts have recently commented on DBRG shares. Keefe, Bruyette & Woods upped their price objective on shares of DigitalBridge Group from $13.50 to $16.00 and gave the company a “market perform” rating in a research note on Tuesday, December 30th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of DigitalBridge Group in a research report on Wednesday, October 8th. Royal Bank Of Canada lowered shares of DigitalBridge Group from an “outperform” rating to a “sector perform” rating and decreased their price target for the company from $23.00 to $16.00 in a report on Tuesday, December 30th. Zacks Research raised shares of DigitalBridge Group from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 5th. Finally, TD Cowen downgraded DigitalBridge Group from a “buy” rating to a “hold” rating and set a $16.00 price objective for the company. in a report on Tuesday, December 30th.

Institutional Trading of DigitalBridge Group

A number of institutional investors have recently modified their holdings of the company. Norges Bank purchased a new position in shares of DigitalBridge Group in the 2nd quarter valued at $1,868,000. Azora Capital LP purchased a new stake in DigitalBridge Group during the 2nd quarter worth $23,579,000. Sarasin & Partners LLP acquired a new stake in DigitalBridge Group in the 3rd quarter valued at $1,886,000. DAVENPORT & Co LLC raised its position in DigitalBridge Group by 15.4% in the third quarter. DAVENPORT & Co LLC now owns 1,500,110 shares of the company’s stock valued at $17,701,000 after purchasing an additional 200,110 shares during the period. Finally, Long Pond Capital LP acquired a new position in shares of DigitalBridge Group during the second quarter worth about $13,747,000. Hedge funds and other institutional investors own 92.69% of the company’s stock.

DigitalBridge Group Stock Down 0.1%

Shares of DigitalBridge Group stock opened at $15.35 on Wednesday. DigitalBridge Group has a fifty-two week low of $6.41 and a fifty-two week high of $15.55. The business’s fifty day moving average is $12.48 and its two-hundred day moving average is $11.81. The firm has a market cap of $2.80 billion, a PE ratio of 255.79 and a beta of 1.69.

DigitalBridge Group (NYSE:DBRG) last released its earnings results on Thursday, October 30th. The company reported $0.09 EPS for the quarter, meeting the consensus estimate of $0.09. The business had revenue of $3.82 million during the quarter, compared to analyst estimates of $96.45 million. During the same quarter in the previous year, the company posted ($0.01) earnings per share. The business’s revenue for the quarter was up 21.6% compared to the same quarter last year. Equities research analysts anticipate that DigitalBridge Group 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. Shareholders of record on Wednesday, December 31st will be paid a dividend of $0.01 per share. The ex-dividend date is Wednesday, December 31st. This represents a $0.04 annualized dividend and a yield of 0.3%. DigitalBridge Group’s dividend payout ratio is currently 66.67%.

About DigitalBridge Group

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.