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

DigitalBridge Group, Inc. (NYSE:DBRG) has received an average recommendation of “Hold” from the nine research firms that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $16.00.

A number of equities analysts recently commented on the stock. Weiss Ratings upgraded shares of DigitalBridge Group from a “sell (d+)” rating to a “hold (c)” rating in a research report on Monday, March 2nd. Keefe, Bruyette & Woods upped their price target on shares of DigitalBridge Group from $13.50 to $16.00 and gave the company a “market perform” rating in a research report on Tuesday, December 30th. B. Riley Financial cut DigitalBridge Group from a “buy” rating to a “hold” rating and reduced their price objective for the company from $20.00 to $16.00 in a research note on Tuesday, December 30th. Royal Bank Of Canada downgraded DigitalBridge Group from an “outperform” rating to a “sector perform” rating and decreased their price objective for the stock from $23.00 to $16.00 in a report on Tuesday, December 30th. Finally, Citizens Jmp lowered DigitalBridge Group from a “market outperform” rating to a “hold” rating and set a $16.00 target price for the company. in a research note on Monday, December 29th.

DigitalBridge Group Stock Performance

Shares of DBRG opened at $15.38 on Monday. The firm has a market cap of $2.81 billion, a price-to-earnings ratio of 34.17 and a beta of 1.67. DigitalBridge Group has a fifty-two week low of $6.41 and a fifty-two week high of $15.55. The firm has a 50 day moving average price of $15.40 and a 200-day moving average price of $13.48.

DigitalBridge Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Tuesday, March 31st. DigitalBridge Group’s payout ratio is 8.89%.

Institutional Trading of DigitalBridge Group

A number of institutional investors have recently made changes to their positions in the stock. Steward Partners Investment Advisory LLC increased its stake in shares of DigitalBridge Group by 305.5% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,760 shares of the company’s stock worth $27,000 after buying an additional 1,326 shares during the period. Beaird Harris Wealth Management LLC purchased a new stake in DigitalBridge Group during the 4th quarter valued at $31,000. Atlantic Union Bankshares Corp purchased a new stake in DigitalBridge Group during the 4th quarter valued at $31,000. Quarry LP grew its holdings in DigitalBridge Group by 1,467.2% in the 4th quarter. Quarry LP now owns 2,053 shares of the company’s stock worth $31,000 after acquiring an additional 1,922 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new stake in DigitalBridge Group in the 4th quarter worth $43,000. Hedge funds and other institutional investors own 92.69% of the company’s stock.

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.