DigitalBridge Group, Inc. (NYSE:DBRG) Receives Consensus Rating of “Hold” from Analysts

DigitalBridge Group, Inc. (NYSE:DBRG) has received a consensus recommendation of “Hold” from the nine brokerages that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $16.00.

A number of research firms recently weighed in on DBRG. Citizens Jmp cut shares of DigitalBridge Group from a “market outperform” rating to a “hold” rating and set a $16.00 price objective for the company. in a research report on Monday, December 29th. Weiss Ratings upgraded DigitalBridge Group from a “sell (d+)” rating to a “hold (c)” rating in a research report on Monday. Royal Bank Of Canada cut DigitalBridge Group from an “outperform” rating to a “sector perform” rating and dropped their price objective for the company from $23.00 to $16.00 in a research note on Tuesday, December 30th. Zacks Research raised DigitalBridge Group from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 5th. Finally, TD Cowen cut DigitalBridge Group from a “buy” rating to a “hold” rating and set a $16.00 target price for the company. in a report on Tuesday, December 30th.

Institutional Investors Weigh In On DigitalBridge Group

A number of hedge funds have recently added to or reduced their stakes in the business. Steward Partners Investment Advisory LLC grew 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 acquiring an additional 1,326 shares in the last quarter. Atlantic Union Bankshares Corp purchased a new stake in DigitalBridge Group during the 4th quarter worth about $31,000. Beaird Harris Wealth Management LLC purchased a new stake in DigitalBridge Group during the 4th quarter worth about $31,000. Quarry LP raised its position in DigitalBridge Group by 1,467.2% in the 4th quarter. Quarry LP now owns 2,053 shares of the company’s stock valued at $31,000 after purchasing an additional 1,922 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of DigitalBridge Group in the 4th quarter valued at about $43,000. 92.69% of the stock is currently owned by institutional investors and hedge funds.

DigitalBridge Group Price Performance

Shares of DBRG stock opened at $15.44 on Thursday. DigitalBridge Group has a 1-year low of $6.41 and a 1-year high of $15.55. The firm has a market cap of $2.82 billion, a PE ratio of 34.31 and a beta of 1.67. The company has a 50-day moving average of $15.32 and a two-hundred day moving average of $12.98.

DigitalBridge Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be paid a $0.01 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $0.04 annualized dividend and a dividend yield of 0.3%. DigitalBridge Group’s dividend payout ratio (DPR) is presently 8.89%.

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.