DigitalBridge Group, Inc. (DBRG) to Issue Quarterly Dividend of $0.01 on April 15th

DigitalBridge Group, Inc. (NYSE:DBRG) announced a quarterly dividend on Friday, February 21st, Wall Street Journal reports. Investors of record on Monday, March 31st will be given a dividend of 0.01 per share on Tuesday, April 15th. This represents a $0.04 dividend on an annualized basis and a yield of 0.33%. The ex-dividend date is Monday, March 31st.

DigitalBridge Group has a dividend payout ratio of 30.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect DigitalBridge Group to earn $0.32 per share next year, which means the company should continue to be able to cover its $0.04 annual dividend with an expected future payout ratio of 12.5%.

DigitalBridge Group Stock Performance

Shares of DBRG opened at $12.18 on Friday. The firm has a market capitalization of $2.12 billion, a price-to-earnings ratio of 405.83, a PEG ratio of 3.46 and a beta of 1.91. The business’s fifty day moving average price is $10.99 and its two-hundred day moving average price is $12.62. DigitalBridge Group has a 52 week low of $10.03 and a 52 week high of $19.49.

DigitalBridge Group (NYSE:DBRG) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.03. DigitalBridge Group had a return on equity of 4.29% and a net margin of 10.98%. The business had revenue of $101.55 million for the quarter, compared to analyst estimates of $93.01 million. As a group, research analysts forecast that DigitalBridge Group will post 0.17 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on DBRG shares. Citizens Jmp raised DigitalBridge Group to a “strong-buy” rating in a research note on Monday, January 27th. B. Riley dropped their price target on DigitalBridge Group from $24.00 to $20.00 and set a “buy” rating on the stock in a research note on Tuesday, January 7th. Keefe, Bruyette & Woods downgraded DigitalBridge Group from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $17.75 to $14.00 in a research note on Wednesday, November 6th. Raymond James dropped their price target on DigitalBridge Group from $19.00 to $16.00 and set a “strong-buy” rating on the stock in a research note on Tuesday, November 5th. Finally, JMP Securities began coverage on DigitalBridge Group in a research note on Monday, January 27th. They issued an “outperform” rating and a $16.00 price target on the stock. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $16.67.

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.