DigitalBridge Group, Inc. (NYSE:DBRG) Given Consensus Rating of “Hold” by Analysts
by Kim Johansen · The Markets DailyDigitalBridge Group, Inc. (NYSE:DBRG – Get Free Report) has been given a consensus rating of “Hold” by the nine brokerages that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and one has given a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $16.00.
A number of analysts have commented on the stock. Truist Financial assumed coverage on shares of DigitalBridge Group in a research report on Tuesday. They set a “buy” rating and a $16.00 price target on the stock. Raymond James Financial lowered DigitalBridge Group from a “strong-buy” rating to an “underperform” rating in a research report on Tuesday, January 27th. Keefe, Bruyette & Woods upped their target price on DigitalBridge Group from $13.50 to $16.00 and gave the company a “market perform” rating in a research report on Tuesday, December 30th. 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 research note on Tuesday, December 30th. Finally, Weiss Ratings raised DigitalBridge Group from a “sell (d+)” rating to a “hold (c)” rating in a research note on Monday, March 2nd.
Check Out Our Latest Stock Report on DigitalBridge Group
Hedge Funds Weigh In On DigitalBridge Group
Large investors have recently modified their holdings of the company. Norges Bank bought a new position in DigitalBridge Group during the second quarter worth about $1,868,000. Azora Capital LP bought a new stake in shares of DigitalBridge Group in the second quarter valued at approximately $23,579,000. Gateway Wealth Partners LLC purchased a new stake in shares of DigitalBridge Group during the 3rd quarter valued at approximately $5,483,000. Sarasin & Partners LLP purchased a new stake in shares of DigitalBridge Group during the 3rd quarter valued at approximately $1,886,000. Finally, Aberdeen Group plc bought a new position in DigitalBridge Group in the 3rd quarter worth approximately $3,220,000. 92.69% of the stock is currently owned by institutional investors.
DigitalBridge Group Trading Down 0.0%
DigitalBridge Group stock opened at $15.44 on Monday. The stock has a 50-day moving average price of $15.41 and a two-hundred day moving average price of $13.58. DigitalBridge Group has a 12 month low of $6.41 and a 12 month high of $15.55. The company has a market capitalization of $2.82 billion, a PE ratio of 34.30 and a beta of 1.61.
DigitalBridge Group Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Tuesday, March 31st. DigitalBridge Group’s dividend payout ratio is 8.89%.
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.