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

DigitalBridge Group, Inc. (NYSE:DBRG) has been given an average recommendation of “Buy” by the eight ratings firms that are covering the stock, MarketBeat Ratings reports. Seven analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $19.22.

A number of research firms have recently issued reports on DBRG. Truist Financial dropped their price objective on shares of DigitalBridge Group from $19.00 to $17.00 and set a “buy” rating for the company in a report on Wednesday, August 21st. Raymond James cut their price objective on DigitalBridge Group from $22.00 to $19.00 and set a “strong-buy” rating for the company in a report on Thursday, August 8th. Wells Fargo & Company decreased their price objective on DigitalBridge Group from $20.00 to $18.00 and set an “overweight” rating on the stock in a report on Tuesday, August 6th. Royal Bank of Canada restated an “outperform” rating and issued a $19.00 target price on shares of DigitalBridge Group in a research report on Wednesday, July 3rd. Finally, B. Riley reduced their price target on shares of DigitalBridge Group from $27.00 to $24.00 and set a “buy” rating on the stock in a research report on Tuesday, July 9th.

Institutional Trading of DigitalBridge Group

Institutional investors have recently made changes to their positions in the stock. CWM LLC boosted its position in DigitalBridge Group by 59.9% during the 4th quarter. CWM LLC now owns 8,371 shares of the company’s stock valued at $147,000 after buying an additional 3,135 shares during the period. New York State Common Retirement Fund raised its stake in shares of DigitalBridge Group by 0.3% during the fourth quarter. New York State Common Retirement Fund now owns 151,149 shares of the company’s stock valued at $2,651,000 after acquiring an additional 514 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of DigitalBridge Group by 7.4% during the fourth quarter. Russell Investments Group Ltd. now owns 103,445 shares of the company’s stock worth $1,814,000 after purchasing an additional 7,116 shares during the period. Victory Capital Management Inc. grew its stake in shares of DigitalBridge Group by 24.5% in the fourth quarter. Victory Capital Management Inc. now owns 21,789 shares of the company’s stock worth $382,000 after purchasing an additional 4,291 shares during the last quarter. Finally, Los Angeles Capital Management LLC increased its holdings in DigitalBridge Group by 7.3% during the 4th quarter. Los Angeles Capital Management LLC now owns 68,195 shares of the company’s stock valued at $1,196,000 after purchasing an additional 4,623 shares during the period. Hedge funds and other institutional investors own 92.69% of the company’s stock.

DigitalBridge Group Trading Down 4.1 %

Shares of DBRG opened at $11.52 on Friday. DigitalBridge Group has a 12-month low of $11.34 and a 12-month high of $20.99. The company has a market cap of $2.00 billion, a PE ratio of 7.43, a price-to-earnings-growth ratio of 1.22 and a beta of 1.96. The stock has a 50-day moving average price of $13.07 and a 200-day moving average price of $15.01.

DigitalBridge Group (NYSE:DBRG) last announced its earnings results on Wednesday, August 7th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.06). DigitalBridge Group had a net margin of 35.10% and a return on equity of 4.49%. The company had revenue of $390.34 million during the quarter, compared to analysts’ expectations of $97.05 million. As a group, analysts predict that DigitalBridge Group will post 0.28 earnings per share for the current year.

DigitalBridge Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid a $0.01 dividend. The ex-dividend date is Monday, September 30th. This represents a $0.04 dividend on an annualized basis and a yield of 0.35%. DigitalBridge Group’s dividend payout ratio (DPR) is currently 2.58%.

DigitalBridge Group Company Profile

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.