DigitalBridge Group (NYSE:DBRG) Hits New 12-Month Low - What's Next?

Shares of DigitalBridge Group, Inc. (NYSE:DBRG - Get Free Report) hit a new 52-week low during trading on Wednesday . The company traded as low as $6.41 and last traded at $6.61, with a volume of 1027691 shares changing hands. The stock had previously closed at $6.80.

Wall Street Analyst Weigh In

DBRG has been the topic of several analyst reports. Wells Fargo & Company lifted their price target on shares of DigitalBridge Group from $15.00 to $16.00 and gave the stock an "overweight" rating in a research note on Monday, February 24th. B. Riley cut their price target on DigitalBridge Group from $24.00 to $20.00 and set a "buy" rating for the company in a report on Tuesday, January 7th. Citizens Jmp upgraded shares of DigitalBridge Group to a "strong-buy" rating in a research note on Monday, January 27th. Truist Financial dropped their price target on shares of DigitalBridge Group from $15.00 to $13.00 and set a "buy" rating for the company in a research report on Tuesday, March 25th. Finally, JPMorgan Chase & Co. decreased 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 report on Tuesday, January 21st. One equities research analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $16.39.

DigitalBridge Group Price Performance

The business has a 50-day moving average of $9.67 and a 200 day moving average of $11.69. The company has a market capitalization of $1.34 billion, a PE ratio of 255.33, a P/E/G ratio of 3.46 and a beta of 1.68.

DigitalBridge Group (NYSE:DBRG - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.03. The business had revenue of $101.55 million for the quarter, compared to analysts' expectations of $93.01 million. DigitalBridge Group had a return on equity of 4.29% and a net margin of 10.98%. As a group, research analysts anticipate that DigitalBridge Group, Inc. will post 0.17 EPS for the current year.

DigitalBridge Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.04 annualized dividend and a yield of 0.52%. DigitalBridge Group's dividend payout ratio (DPR) is currently 133.33%.

Institutional Trading of DigitalBridge Group

Large investors have recently made changes to their positions in the business. Horizon Kinetics Asset Management LLC grew its position in DigitalBridge Group by 868.9% in the fourth quarter. Horizon Kinetics Asset Management LLC now owns 4,483,340 shares of the company's stock worth $50,572,000 after acquiring an additional 4,020,627 shares in the last quarter. Lazard Asset Management LLC lifted its stake in shares of DigitalBridge Group by 384.5% in the 4th quarter. Lazard Asset Management LLC now owns 3,346,966 shares of the company's stock valued at $37,753,000 after purchasing an additional 2,656,100 shares during the last quarter. Lind Value II ApS purchased a new position in shares of DigitalBridge Group in the 1st quarter worth approximately $17,479,000. Brown Advisory Inc. increased its position in shares of DigitalBridge Group by 78.2% during the 4th quarter. Brown Advisory Inc. now owns 3,658,935 shares of the company's stock valued at $41,273,000 after purchasing an additional 1,605,391 shares during the last quarter. Finally, Balyasny Asset Management L.P. raised its holdings in DigitalBridge Group by 128.4% during the 4th quarter. Balyasny Asset Management L.P. now owns 2,302,415 shares of the company's stock valued at $25,971,000 after buying an additional 1,294,275 shares during the period. 92.69% of the stock is currently owned by institutional investors.

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.