DigitalBridge Group (NYSE:DBRG) Price Target Lowered to $15.00 at Truist Financial

DigitalBridge Group (NYSE:DBRG - Free Report) had its price target decreased by Truist Financial from $17.00 to $15.00 in a research report released on Wednesday,Benzinga reports. Truist Financial currently has a buy rating on the stock.

Several other research firms have also recently weighed in on DBRG. Deutsche Bank Aktiengesellschaft lowered 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 report on Thursday, August 15th. Wells Fargo & Company lowered their price objective on shares of DigitalBridge Group from $18.00 to $16.00 and set an "overweight" rating for the company in a research report on Monday, November 4th. Keefe, Bruyette & Woods cut shares of DigitalBridge Group from an "outperform" rating to a "market perform" rating and lowered their price objective for the company from $17.75 to $14.00 in a research report on Wednesday, November 6th. Raymond James lowered their price target 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. Finally, JPMorgan Chase & Co. lifted their price target on shares of DigitalBridge Group from $22.00 to $23.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 1st. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, DigitalBridge Group has an average rating of "Buy" and a consensus target price of $17.88.

DigitalBridge Group Trading Up 1.2 %

DBRG stock traded up $0.15 during trading on Wednesday, hitting $12.66. 1,690,036 shares of the stock traded hands, compared to its average volume of 2,356,037. DigitalBridge Group has a one year low of $11.07 and a one year high of $20.99. The stock has a market cap of $2.20 billion, a price-to-earnings ratio of 17.12, a P/E/G ratio of 14.43 and a beta of 1.89. The company has a 50 day simple moving average of $13.98 and a 200 day simple moving average of $13.48.

DigitalBridge Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.32%. The ex-dividend date of this dividend is Tuesday, December 31st. DigitalBridge Group's dividend payout ratio is currently 5.48%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. nVerses Capital LLC lifted its position in shares of DigitalBridge Group by 633.3% in 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 in the last quarter. Meeder Asset Management Inc. bought a new stake in shares of DigitalBridge Group in the third quarter worth $34,000. Central Pacific Bank Trust Division bought a new stake in shares of DigitalBridge Group in the third quarter worth $35,000. Blue Trust Inc. lifted its position in shares of DigitalBridge Group by 179.2% in the third quarter. Blue Trust Inc. now owns 3,752 shares of the company's stock worth $51,000 after purchasing an additional 2,408 shares in the last quarter. Finally, Headlands Technologies LLC lifted its position in shares of DigitalBridge Group by 33,627.3% in the second quarter. Headlands Technologies LLC now owns 7,420 shares of the company's stock worth $102,000 after purchasing an additional 7,398 shares in the last quarter. 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.