DigitalBridge Group (NYSE:DBRG - Get Free Report) issued its earnings results on Thursday. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.08 by $0.03, Zacks reports. DigitalBridge Group had a net margin of 21.42% and a return on equity of 3.58%. The firm had revenue of $101.55 million during the quarter, compared to the consensus estimate of $93.01 million.
DigitalBridge Group Stock Performance
NYSE:DBRG traded down $0.07 during mid-day trading on Friday, reaching $12.18. 5,132,273 shares of the company's stock were exchanged, compared to its average volume of 2,438,170. DigitalBridge Group has a one year low of $10.03 and a one year high of $19.49. The firm has a market capitalization of $2.12 billion, a PE ratio of 16.68, a price-to-earnings-growth ratio of 3.04 and a beta of 1.91. The business's fifty day simple moving average is $10.99 and its two-hundred day simple moving average is $12.62.
DigitalBridge Group Announces Dividend
The firm 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. This represents a $0.04 dividend on an annualized basis and a yield of 0.33%. The ex-dividend date of this dividend is Monday, March 31st. DigitalBridge Group's dividend payout ratio is 133.33%.
Analyst Ratings Changes
DBRG has been the subject of several recent research reports. Raymond James reduced their target price on shares of DigitalBridge Group from $19.00 to $16.00 and set a "strong-buy" rating for the company in a report on Tuesday, November 5th. Citizens Jmp upgraded shares of DigitalBridge Group to a "strong-buy" rating in a report on Monday, January 27th. Truist Financial cut their price target on shares of DigitalBridge Group from $17.00 to $15.00 and set a "buy" rating for the company in a research note on Wednesday, December 11th. B. Riley cut their price target on shares of DigitalBridge Group from $24.00 to $20.00 and set a "buy" rating for the company in a research note on Tuesday, January 7th. Finally, Keefe, Bruyette & Woods cut shares of DigitalBridge Group from an "outperform" rating to a "market perform" rating and cut their price target for the company from $17.75 to $14.00 in a research note on Wednesday, November 6th. One investment 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 company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $16.67.
Check Out Our Latest Stock Analysis on DigitalBridge Group
DigitalBridge Group Company Profile
(
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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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