DigitalBridge Group’s (DBRG) Market Outperform Rating Reiterated at JMP Securities

JMP Securities reissued their market outperform rating on shares of DigitalBridge Group (NYSE:DBRG) in a research report released on Friday,Benzinga reports. JMP Securities currently has a $16.00 price target on the stock.

Other research analysts have also issued reports about the company. Keefe, Bruyette & Woods cut their price objective on DigitalBridge Group from $13.50 to $10.50 and set a “market perform” rating on the stock in a research report on Tuesday, May 6th. Citizens Jmp raised DigitalBridge Group to a “strong-buy” rating in a research report on Monday, January 27th. JPMorgan Chase & Co. dropped their target price on DigitalBridge Group from $20.00 to $18.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 21st. Truist Financial dropped their target price on DigitalBridge Group from $15.00 to $13.00 and set a “buy” rating on the stock in a research report on Tuesday, March 25th. Finally, Wells Fargo & Company lifted their target price on DigitalBridge Group from $15.00 to $16.00 and gave the stock an “overweight” rating in a research report on Monday, February 24th. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, DigitalBridge Group has a consensus rating of “Buy” and an average price target of $16.06.

DigitalBridge Group Price Performance

NYSE:DBRG opened at $12.01 on Friday. The business’s 50-day moving average is $8.68 and its two-hundred day moving average is $10.52. DigitalBridge Group has a 12 month low of $6.41 and a 12 month high of $17.33. The firm has a market capitalization of $2.10 billion, a PE ratio of 400.37, a price-to-earnings-growth ratio of 3.46 and a beta of 1.58.

DigitalBridge Group (NYSE:DBRG) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.11 EPS for the quarter, beating the consensus estimate 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. Equities analysts anticipate that DigitalBridge Group will post 0.17 EPS for the current year.

DigitalBridge Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.33%. The ex-dividend date is Monday, June 30th. DigitalBridge Group’s dividend payout ratio is currently 13.33%.

Institutional Trading of DigitalBridge Group

Hedge funds and other institutional investors have recently bought and sold shares of the company. Sunbelt Securities Inc. increased its holdings in DigitalBridge Group by 109.9% in the fourth quarter. Sunbelt Securities Inc. now owns 2,796 shares of the company’s stock valued at $31,000 after buying an additional 1,464 shares during the last quarter. Spire Wealth Management bought a new stake in DigitalBridge Group in the fourth quarter valued at about $37,000. Point72 Hong Kong Ltd bought a new stake in DigitalBridge Group in the fourth quarter valued at about $39,000. GAMMA Investing LLC increased its holdings in DigitalBridge Group by 978.9% in the first quarter. GAMMA Investing LLC now owns 4,445 shares of the company’s stock valued at $39,000 after buying an additional 4,033 shares during the last quarter. Finally, Manchester Capital Management LLC increased its holdings in DigitalBridge Group by 172.1% in the fourth quarter. Manchester Capital Management LLC now owns 4,372 shares of the company’s stock valued at $49,000 after buying an additional 2,765 shares during the last quarter. 92.69% of the stock is owned by institutional investors.

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.