DigitalBridge Group, Inc. (NYSE:DBRG) Receives $16.61 Average PT from Analysts

DigitalBridge Group, Inc. (NYSE:DBRG) has earned an average recommendation of “Buy” from the ten research firms that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation, seven have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $16.61.

A number of research firms have recently issued reports on DBRG. JPMorgan Chase & Co. reduced their price target on shares of DigitalBridge Group from $20.00 to $18.00 and set an “overweight” rating for the company in a research report on Tuesday, January 21st. Truist Financial reduced their price target on shares of DigitalBridge Group from $17.00 to $15.00 and set a “buy” rating for the company in a research report on Wednesday, December 11th. Wells Fargo & Company lifted their price target on shares of DigitalBridge Group from $15.00 to $16.00 and gave the company an “overweight” rating in a research report on Monday, February 24th. JMP Securities began coverage on shares of DigitalBridge Group in a research report on Monday, January 27th. They set an “outperform” rating and a $16.00 price target for the company. Finally, Citizens Jmp upgraded shares of DigitalBridge Group to a “strong-buy” rating in a research report on Monday, January 27th.

DigitalBridge Group Trading Down 2.6 %

Shares of DBRG opened at $9.23 on Thursday. DigitalBridge Group has a twelve month low of $8.95 and a twelve month high of $19.49. The stock’s 50 day moving average is $10.61 and its two-hundred day moving average is $12.31. The firm has a market capitalization of $1.61 billion, a PE ratio of 307.73, a P/E/G ratio of 3.46 and a beta of 1.91.

DigitalBridge Group (NYSE:DBRG) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.03. DigitalBridge Group had a return on equity of 4.29% and a net margin of 10.98%. The company had revenue of $101.55 million for the quarter, compared to analyst estimates of $93.01 million. On average, sell-side analysts predict that DigitalBridge Group will post 0.17 EPS for the current year.

DigitalBridge Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $0.01 per share. The ex-dividend date is Monday, March 31st. This represents a $0.04 annualized dividend and a dividend yield of 0.43%. DigitalBridge Group’s dividend payout ratio is currently 133.33%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Frontier Capital Management Co. LLC raised its holdings in DigitalBridge Group by 28.0% in the 4th quarter. Frontier Capital Management Co. LLC now owns 5,575,225 shares of the company’s stock valued at $62,889,000 after acquiring an additional 1,218,901 shares during the last quarter. Horizon Kinetics Asset Management LLC raised its holdings in DigitalBridge Group by 868.9% in the 4th quarter. Horizon Kinetics Asset Management LLC now owns 4,483,340 shares of the company’s stock valued at $50,572,000 after acquiring an additional 4,020,627 shares during the last quarter. State Street Corp raised its holdings in DigitalBridge Group by 12.0% in the 3rd quarter. State Street Corp now owns 4,427,379 shares of the company’s stock valued at $62,603,000 after acquiring an additional 474,101 shares during the last quarter. Geode Capital Management LLC raised its holdings in DigitalBridge Group by 8.3% in the 3rd quarter. Geode Capital Management LLC now owns 4,167,413 shares of the company’s stock valued at $58,895,000 after acquiring an additional 317,776 shares during the last quarter. Finally, New South Capital Management Inc. raised its holdings in DigitalBridge Group by 2.9% in the 4th quarter. New South Capital Management Inc. now owns 4,055,232 shares of the company’s stock valued at $45,743,000 after acquiring an additional 115,029 shares during the last quarter. 92.69% of the stock is currently owned by institutional investors and hedge funds.

About DigitalBridge Group

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.