Truist Financial Issues Pessimistic Forecast for DigitalBridge Group (NYSE:DBRG) Stock Price

DigitalBridge Group (NYSE:DBRG - Free Report) had its price objective lowered by Truist Financial from $15.00 to $13.00 in a research report released on Tuesday,Benzinga reports. Truist Financial currently has a buy rating on the stock.

Other analysts also recently issued reports about the company. Wells Fargo & Company raised their price target on DigitalBridge Group from $15.00 to $16.00 and gave the stock an "overweight" rating in a research report on Monday, February 24th. B. Riley dropped their price target on shares of DigitalBridge Group from $24.00 to $20.00 and set a "buy" rating for the company in a research note on Tuesday, January 7th. JMP Securities began coverage on shares of DigitalBridge Group in a research report on Monday, January 27th. They issued an "outperform" rating and a $16.00 price objective on the stock. JPMorgan Chase & Co. decreased their price objective on shares of DigitalBridge Group from $20.00 to $18.00 and set an "overweight" rating for the company in a research note on Tuesday, January 21st. Finally, Citizens Jmp raised DigitalBridge Group to a "strong-buy" rating in a research note on Monday, January 27th. One research 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. According to MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $16.39.

DigitalBridge Group Price Performance

Shares of NYSE DBRG traded down $0.27 during mid-day trading on Tuesday, hitting $8.88. 2,564,538 shares of the company's stock traded hands, compared to its average volume of 2,444,997. DigitalBridge Group has a 1 year low of $8.78 and a 1 year high of $19.49. The company's 50-day moving average is $10.45 and its two-hundred day moving average is $12.22. The company has a market capitalization of $1.55 billion, a P/E ratio of 295.83, a PEG ratio of 3.46 and a beta of 1.91.

DigitalBridge Group (NYSE:DBRG - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.08 by $0.03. The business had revenue of $101.55 million for the quarter, compared to the consensus estimate of $93.01 million. DigitalBridge Group had a return on equity of 4.29% and a net margin of 10.98%. Equities analysts anticipate that DigitalBridge Group will post 0.17 EPS for the current fiscal year.

DigitalBridge Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date of this dividend is Monday, March 31st. DigitalBridge Group's payout ratio is presently 133.33%.

Institutional Trading of DigitalBridge Group

A number of institutional investors have recently made changes to their positions in the business. Quest Partners LLC boosted its holdings in DigitalBridge Group by 321.0% in the third quarter. Quest Partners LLC now owns 9,309 shares of the company's stock worth $132,000 after acquiring an additional 7,098 shares in the last quarter. Intech Investment Management LLC purchased a new position in shares of DigitalBridge Group in the 3rd quarter valued at approximately $581,000. Charles Schwab Investment Management Inc. boosted its stake in DigitalBridge Group by 1.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,930,766 shares of the company's stock worth $41,412,000 after purchasing an additional 34,168 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in DigitalBridge Group during the 3rd quarter worth approximately $1,158,000. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in DigitalBridge Group during the 3rd quarter valued at approximately $9,757,000. Institutional investors and hedge funds 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.