DigitalBridge Group, Inc. (NYSE:DBRG) Receives $18.13 Consensus Price Target from Analysts

DigitalBridge Group, Inc. (NYSE:DBRG - Get Free Report) has been given a consensus rating of "Buy" by the eight brokerages that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $18.13.

A number of analysts have weighed in on the company. JPMorgan Chase & Co. upped their target price on DigitalBridge Group from $22.00 to $23.00 and gave the stock an "overweight" rating in a report on Tuesday, October 1st. Truist Financial dropped their price objective on DigitalBridge Group from $19.00 to $17.00 and set a "buy" rating on the stock in a research report on Wednesday, August 21st. Deutsche Bank Aktiengesellschaft reduced their target price on shares of DigitalBridge Group from $17.00 to $16.00 and set a "buy" rating for the company in a report on Thursday, August 15th. Wells Fargo & Company cut their price objective on shares of DigitalBridge Group from $18.00 to $16.00 and set an "overweight" rating on the stock in a research report on Monday, November 4th. Finally, Raymond James decreased their target price on shares of DigitalBridge Group from $19.00 to $16.00 and set a "strong-buy" rating for the company in a research report on Tuesday, November 5th.

DigitalBridge Group Trading Up 1.3 %

Shares of DBRG traded up $0.16 during mid-day trading on Friday, hitting $12.70. The company's stock had a trading volume of 2,690,555 shares, compared to its average volume of 2,336,719. The company's 50-day moving average is $14.35 and its 200-day moving average is $13.71. DigitalBridge Group has a 52-week low of $11.07 and a 52-week high of $20.99. The firm has a market capitalization of $2.21 billion, a price-to-earnings ratio of 17.14, a PEG ratio of 2.20 and a beta of 1.94.

DigitalBridge Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.01 per share. The ex-dividend date is Tuesday, December 31st. This represents a $0.04 annualized dividend and a dividend yield of 0.31%. DigitalBridge Group's payout ratio is currently 5.48%.

Hedge Funds Weigh In On DigitalBridge Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. State Street Corp lifted its stake in DigitalBridge Group by 12.0% during the 3rd quarter. State Street Corp now owns 4,427,379 shares of the company's stock valued at $62,603,000 after acquiring an additional 474,101 shares during the period. Quadrature Capital Ltd acquired a new position in DigitalBridge Group during the third quarter valued at $224,000. Portolan Capital Management LLC purchased a new stake in DigitalBridge Group in the third quarter valued at $3,310,000. Potrero Capital Research LLC purchased a new stake in DigitalBridge Group in the third quarter valued at $20,201,000. Finally, Jacobs Levy Equity Management Inc. acquired a new stake in DigitalBridge Group during the 3rd quarter worth about $1,178,000. Hedge funds and other 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.