Raymond James Has Lowered Expectations for DigitalBridge Group (NYSE:DBRG) Stock Price

DigitalBridge Group (NYSE:DBRG - Free Report) had its price objective cut by Raymond James from $19.00 to $16.00 in a research report released on Tuesday, Benzinga reports. They currently have a strong-buy rating on the stock.

DBRG has been the topic of several other reports. Deutsche Bank Aktiengesellschaft decreased their price target on DigitalBridge Group from $17.00 to $16.00 and set a "buy" rating on the stock in a research report on Thursday, August 15th. Truist Financial decreased their price target on DigitalBridge Group from $19.00 to $17.00 and set a "buy" rating on the stock in a research report on Wednesday, August 21st. B. Riley decreased their price target on DigitalBridge Group from $27.00 to $24.00 and set a "buy" rating on the stock in a research report on Tuesday, July 9th. Wells Fargo & Company decreased their price target on DigitalBridge Group from $18.00 to $16.00 and set an "overweight" rating on the stock in a research report on Monday. Finally, JPMorgan Chase & Co. upped their price target on DigitalBridge Group from $22.00 to $23.00 and gave the company an "overweight" rating in a research report on Tuesday, October 1st. Seven analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, DigitalBridge Group has an average rating of "Buy" and a consensus price target of $18.59.

DigitalBridge Group Stock Up 0.2 %

DigitalBridge Group stock traded up $0.03 during midday trading on Tuesday, reaching $12.60. The stock had a trading volume of 3,347,375 shares, compared to its average volume of 2,331,178. DigitalBridge Group has a 12 month low of $11.07 and a 12 month high of $20.99. The firm's 50-day moving average price is $14.32 and its 200 day moving average price is $13.92. The firm has a market capitalization of $2.19 billion, a PE ratio of 17.26, a P/E/G ratio of 2.36 and a beta of 1.94.

DigitalBridge Group (NYSE:DBRG - Get Free Report) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.07 by ($0.06). DigitalBridge Group had a net margin of 21.42% and a return on equity of 3.59%. The firm had revenue of $390.34 million during the quarter, compared to the consensus estimate of $97.05 million. Equities research analysts expect that DigitalBridge Group will post 0.16 EPS for the current year.

DigitalBridge Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.32%. The ex-dividend date is Tuesday, December 31st. DigitalBridge Group's dividend payout ratio is currently 5.48%.

Institutional Trading of DigitalBridge Group

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Victory Capital Management Inc. boosted its stake in shares of DigitalBridge Group by 4.1% during the second 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 during the period. Arizona State Retirement System boosted its stake in shares of DigitalBridge Group by 1.9% during the second quarter. Arizona State Retirement System now owns 45,735 shares of the company's stock valued at $627,000 after purchasing an additional 872 shares during the period. Fulton Bank N.A. boosted its stake in shares of DigitalBridge Group by 3.2% during the third quarter. Fulton Bank N.A. now owns 28,372 shares of the company's stock valued at $401,000 after purchasing an additional 878 shares during the period. King Luther Capital Management Corp boosted its stake in shares of DigitalBridge Group by 1.3% during the second quarter. King Luther Capital Management Corp now owns 71,038 shares of the company's stock valued at $973,000 after purchasing an additional 942 shares during the period. Finally, nVerses Capital LLC boosted its stake in shares of DigitalBridge Group by 633.3% during the second quarter. nVerses Capital LLC now owns 2,200 shares of the company's stock valued at $30,000 after purchasing an additional 1,900 shares during the period. 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.