DigitalBridge Group, Inc. (NYSE:DBRG) Receives $18.13 Average PT from Analysts

Shares of DigitalBridge Group, Inc. (NYSE:DBRG - Get Free Report) have been given a consensus recommendation of "Buy" by the eight ratings firms that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $18.13.

A number of brokerages have recently weighed in on DBRG. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of DigitalBridge Group from $17.00 to $16.00 and set a "buy" rating for the company in a research note on Thursday, August 15th. Keefe, Bruyette & Woods downgraded DigitalBridge Group from an "outperform" rating to a "market perform" rating and dropped their price target for the stock from $17.75 to $14.00 in a research report on Wednesday, November 6th. JPMorgan Chase & Co. upped their price objective on DigitalBridge Group from $22.00 to $23.00 and gave the company an "overweight" rating in a research report on Tuesday, October 1st. Raymond James decreased their price objective on DigitalBridge Group from $19.00 to $16.00 and set a "strong-buy" rating on the stock in a research note on Tuesday, November 5th. Finally, Wells Fargo & Company cut their target price on shares of DigitalBridge Group from $18.00 to $16.00 and set an "overweight" rating for the company in a research note on Monday, November 4th.

DigitalBridge Group Stock Performance

DBRG stock traded down $0.13 during midday trading on Tuesday, hitting $12.50. 1,582,947 shares of the stock were exchanged, compared to its average volume of 2,358,834. The stock's 50-day moving average price is $14.01 and its 200-day moving average price is $13.49. The stock has a market cap of $2.18 billion, a price-to-earnings ratio of 17.32, a PEG ratio of 14.43 and a beta of 1.89. DigitalBridge Group has a fifty-two week low of $11.07 and a fifty-two week high of $20.99.

DigitalBridge Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.32%. The ex-dividend date of this dividend is Tuesday, December 31st. DigitalBridge Group's dividend payout ratio (DPR) is 5.48%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. nVerses Capital LLC increased its position in DigitalBridge Group by 633.3% during the second quarter. nVerses Capital LLC now owns 2,200 shares of the company's stock worth $30,000 after purchasing an additional 1,900 shares during the last quarter. Meeder Asset Management Inc. acquired a new stake in shares of DigitalBridge Group during the 3rd quarter worth $34,000. Central Pacific Bank Trust Division purchased a new position in shares of DigitalBridge Group in the 3rd quarter worth $35,000. Blue Trust Inc. boosted its holdings in DigitalBridge Group by 179.2% in the third quarter. Blue Trust Inc. now owns 3,752 shares of the company's stock valued at $51,000 after acquiring an additional 2,408 shares during the last quarter. Finally, Headlands Technologies LLC grew its position in DigitalBridge Group by 33,627.3% during the second quarter. Headlands Technologies LLC now owns 7,420 shares of the company's stock valued at $102,000 after acquiring an additional 7,398 shares during the period. 92.69% of the stock is currently owned by hedge funds and other 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.