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

DigitalBridge Group, Inc. (NYSE:DBRG) has been assigned an average rating of “Buy” from the ten analysts that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, seven have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $16.61.

A number of equities analysts have recently commented on the stock. Citizens Jmp raised shares of DigitalBridge Group to a “strong-buy” rating in a research report on Monday, January 27th. JPMorgan Chase & Co. dropped their price target on shares of DigitalBridge Group from $20.00 to $18.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 21st. Keefe, Bruyette & Woods dropped their target price on shares of DigitalBridge Group from $14.00 to $13.50 and set a “market perform” rating on the stock in a research report on Wednesday. B. Riley dropped their target price on shares of DigitalBridge Group from $24.00 to $20.00 and set a “buy” rating on the stock in a research report on Tuesday, January 7th. Finally, JMP Securities initiated coverage on shares of DigitalBridge Group in a research report on Monday, January 27th. They set an “outperform” rating and a $16.00 target price on the stock.

Institutional Investors Weigh In On DigitalBridge Group

Institutional investors and hedge funds have recently bought and sold shares of the business. Sunbelt Securities Inc. increased its holdings in DigitalBridge Group by 109.9% in the 4th 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 period. Meeder Asset Management Inc. bought a new stake in DigitalBridge Group in the 3rd quarter valued at $34,000. Spire Wealth Management bought a new stake in DigitalBridge Group in the 4th quarter valued at $37,000. Point72 Hong Kong Ltd bought a new stake in DigitalBridge Group in the 4th quarter valued at $39,000. Finally, Manchester Capital Management LLC boosted its stake in shares of DigitalBridge Group by 172.1% in the 4th quarter. Manchester Capital Management LLC now owns 4,372 shares of the company’s stock valued at $49,000 after purchasing an additional 2,765 shares in the last quarter. Institutional investors own 92.69% of the company’s stock.

DigitalBridge Group Stock Down 0.6 %

NYSE:DBRG opened at $11.18 on Friday. DigitalBridge Group has a 12 month low of $10.03 and a 12 month high of $19.49. The firm has a market cap of $1.95 billion, a price-to-earnings ratio of 372.53, a P/E/G ratio of 3.46 and a beta of 1.91. The company’s 50 day moving average is $10.98 and its 200-day moving average is $12.59.

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

DigitalBridge Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.36%. The ex-dividend date is Monday, March 31st. DigitalBridge Group’s dividend payout ratio (DPR) is presently 133.33%.

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.