Brokerages Set DigitalBridge Group, Inc. (NYSE:DBRG) Target Price at $16.61

Shares of DigitalBridge Group, Inc. (NYSE:DBRG - Get Free Report) have been assigned a consensus rating of "Buy" from the ten ratings firms that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, seven have given a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $16.61.

DBRG has been the topic of several recent analyst reports. Truist Financial reduced their price objective on shares of DigitalBridge Group from $17.00 to $15.00 and set a "buy" rating on the stock in a research report on Wednesday, December 11th. Wells Fargo & Company boosted their price target on shares of DigitalBridge Group from $15.00 to $16.00 and gave the stock an "overweight" rating in a research note on Monday, February 24th. JPMorgan Chase & Co. cut their price objective on DigitalBridge Group from $20.00 to $18.00 and set an "overweight" rating for the company in a research report on Tuesday, January 21st. Keefe, Bruyette & Woods decreased their target price on DigitalBridge Group from $14.00 to $13.50 and set a "market perform" rating on the stock in a research report on Wednesday, February 26th. Finally, B. Riley reduced their price objective on DigitalBridge Group from $24.00 to $20.00 and set a "buy" rating on the stock in a research note on Tuesday, January 7th.

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DigitalBridge Group Trading Down 2.6 %

DigitalBridge Group stock traded down $0.25 during trading on Thursday, reaching $9.23. The company had a trading volume of 4,945,686 shares, compared to its average volume of 2,340,866. The firm's 50-day simple moving average is $10.61 and its 200 day simple moving average is $12.31. DigitalBridge Group has a 52 week low of $8.95 and a 52 week high of $19.49. The firm has a market capitalization of $1.61 billion, a price-to-earnings ratio of 307.73, a price-to-earnings-growth ratio of 3.46 and a beta of 1.91.

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

DigitalBridge Group Announces Dividend

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

Institutional Investors Weigh In On DigitalBridge Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio increased its position in shares of DigitalBridge Group by 26.6% during the fourth quarter. Public Employees Retirement System of Ohio now owns 581,594 shares of the company's stock worth $6,560,000 after acquiring an additional 122,047 shares during the period. Sunbelt Securities Inc. grew its position in shares of DigitalBridge Group by 109.9% during the 4th quarter. Sunbelt Securities Inc. now owns 2,796 shares of the company's stock worth $31,000 after buying an additional 1,464 shares in the last quarter. GTS Securities LLC bought a new stake in shares of DigitalBridge Group in the 4th quarter valued at about $216,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of DigitalBridge Group by 17.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 370,164 shares of the company's stock valued at $4,175,000 after purchasing an additional 55,607 shares in the last quarter. Finally, Tidal Investments LLC lifted its position in shares of DigitalBridge Group by 4.6% in the 4th quarter. Tidal Investments LLC now owns 104,629 shares of the company's stock worth $1,180,000 after purchasing an additional 4,634 shares during the period. Institutional investors own 92.69% of the company's stock.

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.