DigitalBridge Group (NYSE:DBRG) Hits New 52-Week Low - What's Next?

DigitalBridge Group, Inc. (NYSE:DBRG - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $8.26 and last traded at $8.38, with a volume of 1846283 shares. The stock had previously closed at $9.19.

Analysts Set New Price Targets

DBRG has been the subject of a number of recent analyst reports. B. Riley dropped their price objective on DigitalBridge Group from $24.00 to $20.00 and set a "buy" rating for the company in a report on Tuesday, January 7th. Wells Fargo & Company upped their price target on DigitalBridge Group from $15.00 to $16.00 and gave the company an "overweight" rating in a research note on Monday, February 24th. Keefe, Bruyette & Woods reduced their price objective on shares of DigitalBridge Group from $14.00 to $13.50 and set a "market perform" rating on the stock in a research note on Wednesday, February 26th. JPMorgan Chase & Co. lowered their target price on shares of DigitalBridge Group from $20.00 to $18.00 and set an "overweight" rating for the company in a research note on Tuesday, January 21st. Finally, Citizens Jmp upgraded shares of DigitalBridge Group to a "strong-buy" rating in a report on Monday, January 27th. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, DigitalBridge Group currently has a consensus rating of "Buy" and a consensus price target of $16.39.

DigitalBridge Group Price Performance

The company's 50-day moving average price is $9.92 and its 200-day moving average price is $11.88. The company has a market cap of $1.18 billion, a P/E ratio of 225.80, a P/E/G ratio of 3.46 and a beta of 1.68.

DigitalBridge Group (NYSE:DBRG - Get Free Report) last announced its 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. DigitalBridge Group had a net margin of 10.98% and a return on equity of 4.29%. The business had revenue of $101.55 million during the quarter, compared to analysts' expectations of $93.01 million. On average, equities research analysts predict that DigitalBridge Group, Inc. will post 0.17 EPS for the current year.

DigitalBridge Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors 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 0.59%. DigitalBridge Group's dividend payout ratio (DPR) is presently 133.33%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC increased its holdings in DigitalBridge Group by 8.3% during the third quarter. Geode Capital Management LLC now owns 4,167,413 shares of the company's stock worth $58,895,000 after buying an additional 317,776 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in DigitalBridge Group by 101.9% during the third 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 period. Charles Schwab Investment Management Inc. raised its stake in DigitalBridge Group by 3.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,030,657 shares of the company's stock valued at $34,186,000 after buying an additional 99,891 shares during the period. Barclays PLC lifted its position in shares of DigitalBridge Group by 364.3% in the third quarter. Barclays PLC now owns 268,326 shares of the company's stock valued at $3,792,000 after buying an additional 210,533 shares during the last quarter. Finally, Horizon Kinetics Asset Management LLC boosted its stake in shares of DigitalBridge Group by 868.9% during the 4th 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 during the period. Institutional investors and hedge funds own 92.69% of the company's stock.

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.