DigitalBridge Group (NYSE:DBRG - Free Report) had its price objective trimmed by Wells Fargo & Company from $18.00 to $16.00 in a research note issued to investors on Monday morning, Benzinga reports. The brokerage currently has an overweight rating on the stock.
DBRG has been the subject of several other reports. 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 report on Tuesday, October 1st. Deutsche Bank Aktiengesellschaft dropped their target price on DigitalBridge Group from $17.00 to $16.00 and set a "buy" rating for the company in a report on Thursday, August 15th. Raymond James lowered their price target on DigitalBridge Group from $22.00 to $19.00 and set a "strong-buy" rating for the company in a report on Thursday, August 8th. B. Riley lowered their price target on DigitalBridge Group from $27.00 to $24.00 and set a "buy" rating for the company in a report on Tuesday, July 9th. Finally, Truist Financial lowered their price target on DigitalBridge Group from $19.00 to $17.00 and set a "buy" rating for the company in a report on Wednesday, August 21st. Seven investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $18.97.
Check Out Our Latest Stock Analysis on DigitalBridge Group
DigitalBridge Group Stock Down 6.3 %
Shares of DBRG stock traded down $0.84 during trading hours on Monday, hitting $12.57. 4,576,100 shares of the company's stock were exchanged, compared to its average volume of 2,326,366. The firm has a market cap of $2.19 billion, a P/E ratio of 17.22, a P/E/G ratio of 2.76 and a beta of 1.94. The firm has a 50 day moving average of $14.32 and a two-hundred day moving average of $13.92. DigitalBridge Group has a fifty-two week low of $11.07 and a fifty-two week high of $20.99.
DigitalBridge Group (NYSE:DBRG - Get Free Report) last announced its earnings results on Wednesday, August 7th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.06). The business had revenue of $390.34 million for the quarter, compared to analyst estimates of $97.05 million. DigitalBridge Group had a return on equity of 4.49% and a net margin of 35.10%. On average, equities analysts forecast that DigitalBridge Group will post 0.16 earnings per share for the current fiscal year.
DigitalBridge Group Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.32%. The ex-dividend date was Monday, September 30th. DigitalBridge Group's dividend payout ratio is currently 5.48%.
Institutional Investors Weigh In On DigitalBridge Group
A number of hedge funds have recently bought and sold shares of the stock. Victory Capital Management Inc. raised its position in DigitalBridge Group by 4.1% in the 2nd quarter. Victory Capital Management Inc. now owns 22,165 shares of the company's stock valued at $304,000 after purchasing an additional 870 shares in the last quarter. Arizona State Retirement System increased its holdings in shares of DigitalBridge Group by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 45,735 shares of the company's stock valued at $627,000 after acquiring an additional 872 shares during the last quarter. Fulton Bank N.A. increased its holdings in shares of DigitalBridge Group by 3.2% in the 3rd quarter. Fulton Bank N.A. now owns 28,372 shares of the company's stock valued at $401,000 after acquiring an additional 878 shares during the last quarter. King Luther Capital Management Corp increased its holdings in shares of DigitalBridge Group by 1.3% in the 2nd quarter. King Luther Capital Management Corp now owns 71,038 shares of the company's stock valued at $973,000 after acquiring an additional 942 shares during the last quarter. Finally, nVerses Capital LLC increased its holdings in shares of DigitalBridge Group by 633.3% in the 2nd quarter. nVerses Capital LLC now owns 2,200 shares of the company's stock valued at $30,000 after acquiring an additional 1,900 shares during the last quarter. Institutional investors and hedge funds own 92.69% of the company's stock.
About DigitalBridge Group
(
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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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