Shares of DigitalBridge Group, Inc. (NYSE:DBRG - Get Free Report) hit a new 52-week low during trading on Friday . The stock traded as low as $9.63 and last traded at $9.92, with a volume of 179203 shares. The stock had previously closed at $9.84.
Wall Street Analyst Weigh In
DBRG has been the subject of several research reports. Citizens Jmp raised shares of DigitalBridge Group to a "strong-buy" rating in a report on Monday, January 27th. Keefe, Bruyette & Woods dropped their price target on DigitalBridge Group from $14.00 to $13.50 and set a "market perform" rating for the company in a research note on Wednesday, February 26th. Wells Fargo & Company lifted their price objective on 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 decreased their price objective on DigitalBridge Group from $24.00 to $20.00 and set a "buy" rating on the stock in a report on Tuesday, January 7th. Finally, Truist Financial cut their target price on shares of DigitalBridge Group from $17.00 to $15.00 and set a "buy" rating for the company in a report on Wednesday, December 11th. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, DigitalBridge Group presently has an average rating of "Buy" and an average target price of $16.61.
Check Out Our Latest Report on DBRG
DigitalBridge Group Stock Performance
The stock has a market cap of $1.60 billion, a PE ratio of 306.17, a PEG ratio of 3.46 and a beta of 1.91. The stock has a fifty day moving average price of $10.86 and a 200 day moving average price of $12.48.
DigitalBridge Group (NYSE:DBRG - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $101.55 million during the quarter, compared to analyst estimates of $93.01 million. As a group, equities analysts anticipate that DigitalBridge Group, Inc. will post 0.17 earnings per share for the current fiscal year.
DigitalBridge Group Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.44%. The ex-dividend date of this dividend is Monday, March 31st. DigitalBridge Group's payout ratio is currently 133.33%.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of the business. Horizon Kinetics Asset Management LLC boosted its holdings in 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 valued at $50,572,000 after acquiring an additional 4,020,627 shares during the period. Lazard Asset Management LLC lifted its position in shares of DigitalBridge Group by 384.5% during the fourth quarter. Lazard Asset Management LLC now owns 3,346,966 shares of the company's stock worth $37,753,000 after purchasing an additional 2,656,100 shares during the last quarter. Brown Advisory Inc. boosted its stake in shares of DigitalBridge Group by 78.2% during the fourth 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 period. Potrero Capital Research LLC purchased a new stake in shares of DigitalBridge Group during the third quarter valued at $20,201,000. Finally, Balyasny Asset Management L.P. grew its holdings in shares of DigitalBridge Group by 128.4% in the fourth quarter. Balyasny Asset Management L.P. now owns 2,302,415 shares of the company's stock worth $25,971,000 after purchasing an additional 1,294,275 shares during the last quarter. Institutional investors own 92.69% of the company's stock.
About DigitalBridge Group
(
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.
Featured Articles
Before you consider DigitalBridge Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and DigitalBridge Group wasn't on the list.
While DigitalBridge Group currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
