DigitalBridge Group, Inc. (NYSE:DBRG - Get Free Report) saw unusually-high trading volume on Monday . Approximately 2,906,881 shares were traded during mid-day trading, an increase of 69% from the previous session's volume of 1,718,233 shares.The stock last traded at $10.45 and had previously closed at $10.61.
Wall Street Analysts Forecast Growth
DBRG has been the topic of a number of recent analyst reports. B. Riley dropped their price target on shares of DigitalBridge Group from $24.00 to $20.00 and set a "buy" rating on the stock in a research note on Tuesday, January 7th. Keefe, Bruyette & Woods lowered shares of DigitalBridge Group from an "outperform" rating to a "market perform" rating and decreased their target price for the stock from $17.75 to $14.00 in a research report on Wednesday, November 6th. Wells Fargo & Company lowered their target price on shares of DigitalBridge Group from $18.00 to $16.00 and set an "overweight" rating on the stock in a research report on Monday, November 4th. JPMorgan Chase & Co. boosted their price target on DigitalBridge Group from $22.00 to $23.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 1st. Finally, Truist Financial dropped their price objective 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. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $17.38.
Check Out Our Latest Stock Report on DBRG
DigitalBridge Group Stock Down 2.1 %
The company has a market capitalization of $1.81 billion, a price-to-earnings ratio of 14.23, a PEG ratio of 13.76 and a beta of 1.91. The stock has a fifty day moving average price of $11.99 and a two-hundred day moving average price of $13.18.
DigitalBridge Group Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.01 per share. The ex-dividend date is Tuesday, December 31st. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.38%. DigitalBridge Group's dividend payout ratio (DPR) is presently 5.48%.
Hedge Funds Weigh In On DigitalBridge Group
Institutional investors and hedge funds have recently modified their holdings of the company. Meeder Asset Management Inc. purchased a new stake in DigitalBridge Group in the 3rd quarter valued at about $34,000. Central Pacific Bank Trust Division purchased a new stake in DigitalBridge Group in the third quarter valued at approximately $35,000. Blue Trust Inc. increased its position in DigitalBridge Group by 179.2% during the third quarter. Blue Trust Inc. now owns 3,752 shares of the company's stock worth $51,000 after purchasing an additional 2,408 shares during the last quarter. nVerses Capital LLC raised its stake in DigitalBridge Group by 145.5% during the third quarter. nVerses Capital LLC now owns 5,400 shares of the company's stock worth $76,000 after purchasing an additional 3,200 shares during the period. Finally, Headlands Technologies LLC boosted its holdings in shares of DigitalBridge Group by 33,627.3% in the 2nd quarter. Headlands Technologies LLC now owns 7,420 shares of the company's stock valued at $102,000 after purchasing an additional 7,398 shares during the last quarter. Hedge funds and other institutional investors own 92.69% of the company's stock.
DigitalBridge Group Company Profile
(
Get Free Report)
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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