DigitalBridge Group (NYSE:DBRG) Hits New 1-Year Low – Should You Sell?

DigitalBridge Group, Inc. (NYSE:DBRG)’s share price reached a new 52-week low during trading on Tuesday . The company traded as low as $10.55 and last traded at $11.19, with a volume of 2412127 shares. The stock had previously closed at $10.72.

Wall Street Analyst Weigh In

DBRG has been the topic of several research analyst reports. Keefe, Bruyette & Woods cut DigitalBridge Group from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $17.75 to $14.00 in a report on Wednesday, November 6th. Raymond James lowered their price objective on shares of DigitalBridge Group from $19.00 to $16.00 and set a “strong-buy” rating for the company in a research report on Tuesday, November 5th. Truist Financial reduced their target price on shares of DigitalBridge Group from $17.00 to $15.00 and set a “buy” rating on the stock in a research report on Wednesday, December 11th. Wells Fargo & Company lowered 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, JPMorgan Chase & Co. upped their price objective on DigitalBridge Group from $22.00 to $23.00 and gave the stock an “overweight” rating in a report on Tuesday, October 1st. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $17.88.

DigitalBridge Group Trading Up 0.8 %

The business’s fifty day simple moving average is $12.81 and its 200 day simple moving average is $13.30. The stock has a market cap of $1.96 billion, a price-to-earnings ratio of 15.45, a price-to-earnings-growth ratio of 13.76 and a beta of 1.89.

DigitalBridge Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.01 per share. The ex-dividend date is Tuesday, December 31st. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.35%. DigitalBridge Group’s dividend payout ratio (DPR) is presently 5.48%.

Hedge Funds Weigh In On DigitalBridge Group

Hedge funds have recently added to or reduced their stakes in the stock. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in shares of DigitalBridge Group by 24.9% in the 3rd 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 period. Geode Capital Management LLC raised its holdings in DigitalBridge Group by 8.3% in the third quarter. Geode Capital Management LLC now owns 4,167,413 shares of the company’s stock worth $58,895,000 after purchasing an additional 317,776 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of DigitalBridge Group by 101.9% during the third 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 in the last quarter. Horizon Kinetics Asset Management LLC acquired a new position in shares of DigitalBridge Group in the 3rd quarter valued at $6,538,000. Finally, Rockefeller Capital Management L.P. increased its position in shares of DigitalBridge Group by 482.6% in the 3rd 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 in the last quarter. 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.