DigitalBridge Group, Inc. (NYSE:DBRG - Get Free Report) has been assigned an average rating of "Buy" from the eight research firms that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $17.88.
DBRG has been the topic of a number of research reports. Wells Fargo & Company lowered their price target on DigitalBridge Group from $18.00 to $16.00 and set an "overweight" rating on the stock in a report on Monday, November 4th. Keefe, Bruyette & Woods downgraded DigitalBridge Group from an "outperform" rating to a "market perform" rating and decreased their price target for the stock from $17.75 to $14.00 in a report on Wednesday, November 6th. Raymond James dropped their price objective on shares of 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. Truist Financial reduced their target price on shares of DigitalBridge Group from $17.00 to $15.00 and set a "buy" rating for the company in a research note on Wednesday, December 11th. Finally, JPMorgan Chase & Co. boosted their price target on shares of DigitalBridge Group from $22.00 to $23.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 1st.
Read Our Latest Research Report on DBRG
DigitalBridge Group Stock Performance
DigitalBridge Group stock traded up $0.24 during midday trading on Friday, hitting $11.33. 2,213,051 shares of the company's stock were exchanged, compared to its average volume of 1,889,776. The stock has a market cap of $1.97 billion, a price-to-earnings ratio of 15.52, a price-to-earnings-growth ratio of 13.76 and a beta of 1.89. DigitalBridge Group has a 12-month low of $10.55 and a 12-month high of $20.99. The firm's 50 day simple moving average is $12.50 and its 200 day simple moving average is $13.27.
DigitalBridge Group Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.01 per share. The ex-dividend date is Tuesday, December 31st. This represents a $0.04 annualized dividend and a yield of 0.35%. DigitalBridge Group's payout ratio is currently 5.48%.
Hedge Funds Weigh In On DigitalBridge Group
Hedge funds have recently bought and sold shares of the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in DigitalBridge Group by 24.9% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,364,524 shares of the company's stock valued at $19,281,000 after acquiring an additional 271,853 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of DigitalBridge Group by 8.3% during the 3rd quarter. Geode Capital Management LLC now owns 4,167,413 shares of the company's stock worth $58,895,000 after purchasing an additional 317,776 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of DigitalBridge Group by 101.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 314,557 shares of the company's stock worth $4,445,000 after purchasing an additional 158,790 shares during the last quarter. Horizon Kinetics Asset Management LLC purchased a new stake in DigitalBridge Group in the 3rd quarter valued at approximately $6,538,000. Finally, Rockefeller Capital Management L.P. grew its holdings in DigitalBridge Group by 482.6% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 144,772 shares of the company's stock valued at $2,046,000 after buying an additional 119,922 shares during the last quarter. 92.69% of the stock is owned by hedge funds and other institutional investors.
About DigitalBridge Group
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Get Free ReportDigitalBridge 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.
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