DigitalBridge Group (NYSE:DBRG) Stock Price Up 4.7% - What's Next?

DigitalBridge Group, Inc. (NYSE:DBRG - Get Free Report) shares traded up 4.7% on Monday . The company traded as high as $11.22 and last traded at $11.22. 953,693 shares were traded during mid-day trading, a decline of 59% from the average session volume of 2,344,967 shares. The stock had previously closed at $10.72.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on DBRG shares. Raymond James cut their target price on DigitalBridge Group from $19.00 to $16.00 and set a "strong-buy" rating for the company in a research note on Tuesday, November 5th. Keefe, Bruyette & Woods cut DigitalBridge Group from an "outperform" rating to a "market perform" rating and cut their price objective for the stock from $17.75 to $14.00 in a research report on Wednesday, November 6th. JPMorgan Chase & Co. boosted their target price on shares of DigitalBridge Group from $22.00 to $23.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 1st. Wells Fargo & Company cut their price target on shares of DigitalBridge Group from $18.00 to $16.00 and set an "overweight" rating for the company in a report on Monday, November 4th. Finally, Truist Financial decreased their price objective on shares of DigitalBridge Group from $17.00 to $15.00 and set a "buy" rating on the stock in a report on Wednesday, December 11th. One analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, DigitalBridge Group presently has a consensus rating of "Buy" and an average price target of $17.88.

DigitalBridge Group Stock Performance

The firm has a market capitalization of $1.95 billion, a PE ratio of 15.33, a price-to-earnings-growth ratio of 13.76 and a beta of 1.89. The firm's 50-day moving average is $13.01 and its 200 day moving average is $13.32.

DigitalBridge Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a $0.01 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.04 annualized dividend and a dividend yield of 0.36%. DigitalBridge Group's dividend payout ratio is presently 5.48%.

Hedge Funds Weigh In On DigitalBridge Group

Hedge funds have recently bought and sold shares of the stock. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in shares of DigitalBridge Group by 24.9% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,364,524 shares of the company's stock valued at $19,281,000 after acquiring an additional 271,853 shares during the last quarter. Geode Capital Management LLC lifted its holdings in DigitalBridge Group by 8.3% in the 3rd quarter. Geode Capital Management LLC now owns 4,167,413 shares of the company's stock valued at $58,895,000 after purchasing an additional 317,776 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of DigitalBridge Group by 101.9% during the 3rd 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 last quarter. Horizon Kinetics Asset Management LLC purchased a new stake in shares of DigitalBridge Group during the third quarter worth about $6,538,000. Finally, Rockefeller Capital Management L.P. raised its position in shares of DigitalBridge Group by 482.6% in the third quarter. Rockefeller Capital Management L.P. now owns 144,772 shares of the company's stock valued at $2,046,000 after buying an additional 119,922 shares during the last quarter. Hedge funds and other institutional investors own 92.69% of the company's stock.

DigitalBridge Group Company Profile

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.