DigitalBridge Group, Inc. (NYSE:DBRG - Get Free Report)'s share price reached a new 52-week low during mid-day trading on Friday . The company traded as low as $8.77 and last traded at $8.92, with a volume of 607568 shares. The stock had previously closed at $9.14.
Analysts Set New Price Targets
A number of equities research analysts have recently commented on the stock. Keefe, Bruyette & Woods reduced their target price on shares of DigitalBridge Group from $14.00 to $13.50 and set a "market perform" rating for the company in a research report on Wednesday, February 26th. JPMorgan Chase & Co. lowered their target price on DigitalBridge Group from $20.00 to $18.00 and set an "overweight" rating on the stock in a report on Tuesday, January 21st. 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. JMP Securities initiated coverage on DigitalBridge Group in a research note on Monday, January 27th. They set an "outperform" rating and a $16.00 price objective on the stock. Finally, Truist Financial reduced their price target on DigitalBridge Group from $15.00 to $13.00 and set a "buy" rating on the stock in a report on Tuesday, March 25th. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $16.39.
Get Our Latest Research Report on DBRG
DigitalBridge Group Price Performance
The company's 50 day moving average price is $10.34 and its 200 day moving average price is $12.14. The firm has a market cap of $1.54 billion, a PE ratio of 294.50, a price-to-earnings-growth ratio of 3.46 and a beta of 1.91.
DigitalBridge Group (NYSE:DBRG - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.08 by $0.03. The business had revenue of $101.55 million during the quarter, compared to the consensus estimate of $93.01 million. DigitalBridge Group had a net margin of 10.98% and a return on equity of 4.29%. Sell-side analysts expect that DigitalBridge Group, Inc. will post 0.17 earnings per share for the current fiscal year.
DigitalBridge Group Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued 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 0.45%. DigitalBridge Group's dividend payout ratio (DPR) is 133.33%.
Hedge Funds Weigh In On DigitalBridge Group
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Sunbelt Securities Inc. raised its holdings in DigitalBridge Group by 109.9% in the fourth quarter. Sunbelt Securities Inc. now owns 2,796 shares of the company's stock valued at $31,000 after acquiring an additional 1,464 shares in the last quarter. Spire Wealth Management acquired a new stake in shares of DigitalBridge Group in the 4th quarter valued at $37,000. Point72 Hong Kong Ltd purchased a new stake in shares of DigitalBridge Group during the 4th quarter worth $39,000. Manchester Capital Management LLC grew its stake in shares of DigitalBridge Group by 172.1% during the fourth quarter. Manchester Capital Management LLC now owns 4,372 shares of the company's stock worth $49,000 after purchasing an additional 2,765 shares in the last quarter. Finally, Meeder Asset Management Inc. increased its holdings in DigitalBridge Group by 114.0% in the fourth quarter. Meeder Asset Management Inc. now owns 5,087 shares of the company's stock valued at $57,000 after buying an additional 2,710 shares during the last quarter. Hedge funds and other institutional investors own 92.69% of the company's stock.
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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