DigitalBridge Group (NYSE:DBRG) Given New $13.00 Price Target at Truist Financial

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

Several other research analysts have also recently commented on the stock. JMP Securities initiated coverage on shares of DigitalBridge Group in a report on Monday, January 27th. They issued an "outperform" rating and a $16.00 target price for the company. Wells Fargo & Company lifted their price objective on shares of DigitalBridge Group from $15.00 to $16.00 and gave the stock an "overweight" rating in a research report on Monday, February 24th. Citizens Jmp raised shares of DigitalBridge Group to a "strong-buy" rating in a research note on Monday, January 27th. JPMorgan Chase & Co. decreased their target price on DigitalBridge Group from $20.00 to $18.00 and set an "overweight" rating for the company in a research report on Tuesday, January 21st. Finally, Keefe, Bruyette & Woods dropped their price target on DigitalBridge Group from $14.00 to $13.50 and set a "market perform" rating on the stock in a research report on Wednesday, February 26th. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $16.39.

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DigitalBridge Group Stock Performance

Shares of NYSE DBRG traded down $0.26 during trading on Tuesday, hitting $8.89. The company had a trading volume of 1,657,315 shares, compared to its average volume of 2,437,809. DigitalBridge Group has a 52 week low of $8.79 and a 52 week high of $19.49. The business's 50-day moving average is $10.50 and its 200 day moving average is $12.24. The company has a market cap of $1.55 billion, a P/E ratio of 296.30, a PEG ratio of 3.46 and a beta of 1.91.

DigitalBridge Group (NYSE:DBRG - Get Free Report) last announced its earnings results on Thursday, February 20th. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.08 by $0.03. DigitalBridge Group had a return on equity of 4.29% and a net margin of 10.98%. The company had revenue of $101.55 million for the quarter, compared to analyst estimates of $93.01 million. On average, research analysts expect that DigitalBridge Group will post 0.17 EPS for the current year.

DigitalBridge Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid 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 dividend payout ratio (DPR) is presently 133.33%.

Institutional Investors Weigh In On DigitalBridge Group

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