DigitalBridge Group, Inc. (NYSE:DBRG) Receives Average Recommendation of “Buy” from Analysts

DigitalBridge Group, Inc. (NYSE:DBRG) has earned a consensus recommendation of “Buy” from the ten ratings firms that are presently covering the company, MarketBeat.com reports. 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 on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $16.39.

Several research analysts recently commented on DBRG shares. JPMorgan Chase & Co. cut their price target on DigitalBridge Group from $20.00 to $18.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 21st. B. Riley reduced their target price on DigitalBridge Group from $24.00 to $20.00 and set a “buy” rating for the company in a research note on Tuesday, January 7th. Wells Fargo & Company lifted their price target on shares of DigitalBridge Group from $15.00 to $16.00 and gave the stock an “overweight” rating in a research note on Monday, February 24th. Citizens Jmp upgraded shares of DigitalBridge Group to a “strong-buy” rating in a research note on Monday, January 27th. Finally, JMP Securities assumed coverage on shares of DigitalBridge Group in a research report on Monday, January 27th. They issued an “outperform” rating and a $16.00 target price for the company.

DigitalBridge Group Stock Up 1.1 %

NYSE DBRG opened at $9.37 on Thursday. DigitalBridge Group has a fifty-two week low of $8.95 and a fifty-two week high of $19.49. The business has a 50 day moving average price of $10.54 and a two-hundred day moving average price of $12.26. The stock has a market cap of $1.63 billion, a PE ratio of 312.17, a P/E/G ratio of 3.46 and a beta of 1.91.

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

DigitalBridge Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.43%. The ex-dividend date is Monday, March 31st. DigitalBridge Group’s dividend payout ratio (DPR) is presently 133.33%.

Institutional Trading of DigitalBridge Group

Several hedge funds have recently made changes to their positions in the stock. Meeder Asset Management Inc. acquired a new position in DigitalBridge Group during the 3rd quarter valued at about $34,000. Sunbelt Securities Inc. boosted its position in DigitalBridge Group by 109.9% during the 4th quarter. Sunbelt Securities Inc. now owns 2,796 shares of the company’s stock worth $31,000 after acquiring an additional 1,464 shares during the period. Spire Wealth Management bought a new position in shares of DigitalBridge Group in the fourth quarter worth $37,000. Point72 Hong Kong Ltd acquired a new position in shares of DigitalBridge Group during the fourth quarter valued at $39,000. Finally, Manchester Capital Management LLC raised its stake in shares of DigitalBridge Group by 172.1% during the fourth quarter. Manchester Capital Management LLC now owns 4,372 shares of the company’s stock valued at $49,000 after purchasing an additional 2,765 shares in the last quarter. Institutional investors own 92.69% of the company’s stock.

About DigitalBridge Group

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.