DigitalBridge Group, Inc. (NYSE:DBRG) Receives $16.93 Average Price Target from Analysts

by · The Cerbat Gem

DigitalBridge Group, Inc. (NYSE:DBRG – Get Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the ten analysts that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, five have issued a buy rating and two have issued a strong buy rating on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $16.9286.

DBRG has been the topic of several research analyst reports. Keefe, Bruyette & Woods boosted their price objective on shares of DigitalBridge Group from $11.00 to $12.50 and gave the company a “market perform” rating in a report on Monday, November 3rd. Wall Street Zen upgraded shares of DigitalBridge Group from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. Weiss Ratings restated a “sell (d+)” rating on shares of DigitalBridge Group in a report on Wednesday, October 8th. TD Cowen increased their price objective on shares of DigitalBridge Group from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Finally, B. Riley upgraded shares of DigitalBridge Group to a “strong-buy” rating in a report on Thursday, October 30th.

Get Our Latest Analysis on DigitalBridge Group

DigitalBridge Group Stock Performance

DBRG opened at $9.50 on Tuesday. The stock has a market capitalization of $1.73 billion, a PE ratio of -237.38 and a beta of 1.78. DigitalBridge Group has a one year low of $6.41 and a one year high of $14.00. The business’s 50 day moving average price is $11.42 and its 200 day moving average price is $11.08.

DigitalBridge Group (NYSE:DBRG – Get Free Report) last posted its earnings results on Thursday, March 21st. The company reported ($0.07) EPS for the quarter. The business had revenue of $232.83 million during the quarter. DigitalBridge Group had a net margin of 18.57% and a return on equity of 4.14%. As a group, equities research analysts forecast that DigitalBridge Group will post 0.17 earnings per share for the current fiscal year.

DigitalBridge Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be paid a $0.01 dividend. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.4%. DigitalBridge Group’s payout ratio is presently 66.67%.

Hedge Funds Weigh In On DigitalBridge Group

Several hedge funds have recently bought and sold shares of DBRG. CWM LLC grew its position in DigitalBridge Group by 2.5% in the 3rd quarter. CWM LLC now owns 31,239 shares of the company’s stock valued at $365,000 after acquiring an additional 755 shares in the last quarter. Teacher Retirement System of Texas boosted its stake in shares of DigitalBridge Group by 4.1% in the second quarter. Teacher Retirement System of Texas now owns 26,468 shares of the company’s stock valued at $274,000 after purchasing an additional 1,031 shares during the period. Stoneridge Investment Partners LLC grew its holdings in shares of DigitalBridge Group by 7.9% in the third quarter. Stoneridge Investment Partners LLC now owns 14,153 shares of the company’s stock valued at $166,000 after purchasing an additional 1,037 shares in the last quarter. Cetera Trust Company N.A grew its holdings in shares of DigitalBridge Group by 6.2% in the second quarter. Cetera Trust Company N.A now owns 21,075 shares of the company’s stock valued at $218,000 after purchasing an additional 1,225 shares in the last quarter. Finally, Arizona State Retirement System increased its stake in DigitalBridge Group by 2.4% during the 3rd quarter. Arizona State Retirement System now owns 52,115 shares of the company’s stock worth $610,000 after buying an additional 1,244 shares during the period. Institutional investors and hedge funds own 92.69% of the company’s stock.

DigitalBridge Group Company Profile

(Get Free Report)

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.

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