DigitalBridge Group, Inc. (NYSE:DBRG) Receives Average Rating of "Buy" from Brokerages

DigitalBridge Group, Inc. (NYSE:DBRG - Get Free Report) has earned a consensus rating of "Buy" from the ten research firms that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation, seven have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $16.39.

DBRG has been the subject of several recent research reports. Wells Fargo & Company raised their price objective on DigitalBridge Group from $15.00 to $16.00 and gave the company an "overweight" rating in a research report on Monday, February 24th. JPMorgan Chase & Co. dropped their price objective on shares of DigitalBridge Group from $20.00 to $18.00 and set an "overweight" rating on the stock in a research note on Tuesday, January 21st. JMP Securities started coverage on shares of DigitalBridge Group in a report on Monday, January 27th. They issued an "outperform" rating and a $16.00 price objective on the stock. Truist Financial lowered their target price on shares of DigitalBridge Group from $15.00 to $13.00 and set a "buy" rating for the company in a report on Tuesday, March 25th. Finally, Citizens Jmp upgraded DigitalBridge Group to a "strong-buy" rating in a research note on Monday, January 27th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Bfsg LLC raised its position in DigitalBridge Group by 56.3% in the 1st quarter. Bfsg LLC now owns 17,211 shares of the company's stock worth $152,000 after buying an additional 6,201 shares during the last quarter. Opal Wealth Advisors LLC purchased a new position in shares of DigitalBridge Group during the first quarter valued at approximately $73,000. Wealth Enhancement Advisory Services LLC bought a new position in DigitalBridge Group during the first quarter valued at approximately $93,000. SG Americas Securities LLC lifted its position in DigitalBridge Group by 73.8% during the first quarter. SG Americas Securities LLC now owns 32,301 shares of the company's stock valued at $285,000 after purchasing an additional 13,719 shares during the period. Finally, Fulton Bank N.A. boosted its holdings in DigitalBridge Group by 5.2% in the first quarter. Fulton Bank N.A. now owns 35,194 shares of the company's stock worth $310,000 after purchasing an additional 1,752 shares during the last quarter. 92.69% of the stock is owned by institutional investors.

DigitalBridge Group Stock Up 2.3 %

Shares of DBRG traded up $0.18 during trading hours on Monday, reaching $7.95. 1,418,806 shares of the company traded hands, compared to its average volume of 2,554,494. DigitalBridge Group has a 12 month low of $6.41 and a 12 month high of $17.83. The company's fifty day moving average price is $9.43 and its two-hundred day moving average price is $11.55. The company has a market capitalization of $1.39 billion, a price-to-earnings ratio of 264.83, a price-to-earnings-growth ratio of 3.46 and a beta of 1.68.

DigitalBridge Group (NYSE:DBRG - Get Free Report) last posted its earnings results on Thursday, February 20th. The company reported $0.11 earnings per share for the quarter, topping analysts' consensus estimates 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 expect that DigitalBridge Group will post 0.17 EPS for the current year.

DigitalBridge Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date was Monday, March 31st. DigitalBridge Group's payout ratio is 133.33%.

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.