DigitalBridge Group, Inc. (NYSE:DBRG - Get Free Report) shares reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $10.50 and last traded at $10.66, with a volume of 245857 shares. The stock had previously closed at $10.90.
Analysts Set New Price Targets
Several analysts recently weighed in on DBRG shares. Truist Financial decreased their target price on DigitalBridge Group from $17.00 to $15.00 and set a "buy" rating for the company in a research note on Wednesday, December 11th. Keefe, Bruyette & Woods downgraded DigitalBridge Group from an "outperform" rating to a "market perform" rating and reduced their price objective for the stock from $17.75 to $14.00 in a research report on Wednesday, November 6th. Wells Fargo & Company reduced their price objective on DigitalBridge Group from $18.00 to $16.00 and set an "overweight" rating for the company in a research report on Monday, November 4th. Raymond James dropped their target price on DigitalBridge Group from $19.00 to $16.00 and set a "strong-buy" rating for the company in a report on Tuesday, November 5th. Finally, B. Riley dropped their target price on DigitalBridge Group from $24.00 to $20.00 and set a "buy" rating for the company in a report on Tuesday. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, DigitalBridge Group presently has a consensus rating of "Buy" and a consensus price target of $17.38.
View Our Latest Research Report on DBRG
DigitalBridge Group Trading Down 2.7 %
The company has a 50 day moving average price of $12.09 and a 200 day moving average price of $13.22. The company has a market capitalization of $1.85 billion, a price-to-earnings ratio of 14.53, a PEG ratio of 13.76 and a beta of 1.91.
DigitalBridge Group Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a $0.01 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.04 annualized dividend and a dividend yield of 0.38%. DigitalBridge Group's dividend payout ratio (DPR) is currently 5.48%.
Institutional Investors Weigh In On DigitalBridge Group
Hedge funds and other institutional investors have recently made changes to their positions in the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in shares of DigitalBridge Group by 24.9% in 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 buying an additional 271,853 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of DigitalBridge Group by 101.9% in 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. Geode Capital Management LLC boosted its position in shares of DigitalBridge Group by 8.3% in 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 during the last quarter. Horizon Kinetics Asset Management LLC bought a new position in shares of DigitalBridge Group in the 3rd quarter worth $6,538,000. Finally, Rockefeller Capital Management L.P. boosted its position in shares of DigitalBridge Group by 482.6% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 144,772 shares of the company's stock worth $2,046,000 after purchasing an additional 119,922 shares during the last quarter. 92.69% of the stock is owned by institutional investors and hedge funds.
About DigitalBridge Group
(
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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.
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