DigitalBridge Group, Inc. (NYSE:DBRG) Given Average Rating of “Buy” by Brokerages

Shares of DigitalBridge Group, Inc. (NYSE:DBRG) have been assigned an average rating of “Buy” from the eight research firms that are presently covering the stock, Marketbeat reports. Seven investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $19.22.

Several equities research analysts have recently weighed in on the company. Raymond James reduced their price objective on DigitalBridge Group from $22.00 to $19.00 and set a “strong-buy” rating for the company in a research report on Thursday, August 8th. B. Riley decreased their price target on shares of DigitalBridge Group from $27.00 to $24.00 and set a “buy” rating on the stock in a research report on Tuesday, July 9th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of DigitalBridge Group from $17.00 to $16.00 and set a “buy” rating for the company in a research report on Thursday, August 15th. Royal Bank of Canada reissued an “outperform” rating and set a $19.00 target price on shares of DigitalBridge Group in a research report on Wednesday, July 3rd. Finally, Truist Financial cut their price target on DigitalBridge Group from $19.00 to $17.00 and set a “buy” rating for the company in a report on Wednesday, August 21st.

DigitalBridge Group Price Performance

DigitalBridge Group stock opened at $16.12 on Monday. DigitalBridge Group has a fifty-two week low of $11.07 and a fifty-two week high of $20.99. The firm has a fifty day moving average price of $13.58 and a two-hundred day moving average price of $14.11. The firm has a market cap of $2.80 billion, a price-to-earnings ratio of 10.40, a P/E/G ratio of 2.63 and a beta of 1.95.

DigitalBridge Group (NYSE:DBRG) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.06). DigitalBridge Group had a return on equity of 4.49% and a net margin of 35.10%. The business had revenue of $390.34 million for the quarter, compared to analyst estimates of $97.05 million. As a group, sell-side analysts expect that DigitalBridge Group will post 0.16 earnings per share for the current year.

DigitalBridge Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.25%. The ex-dividend date of this dividend was Monday, September 30th. DigitalBridge Group’s payout ratio is 2.58%.

Institutional Trading of DigitalBridge Group

A number of large investors have recently bought and sold shares of the stock. Wellington Management Group LLP boosted its stake in shares of DigitalBridge Group by 5.3% in the 4th quarter. Wellington Management Group LLP now owns 2,872,338 shares of the company’s stock valued at $50,381,000 after purchasing an additional 144,945 shares in the last quarter. Los Angeles Capital Management LLC boosted its position in DigitalBridge Group by 56.0% in the first quarter. Los Angeles Capital Management LLC now owns 106,408 shares of the company’s stock valued at $2,050,000 after buying an additional 38,213 shares in the last quarter. Kingswood Wealth Advisors LLC bought a new stake in DigitalBridge Group during the first quarter worth about $216,000. Allspring Global Investments Holdings LLC increased its holdings in shares of DigitalBridge Group by 8.7% during the first quarter. Allspring Global Investments Holdings LLC now owns 180,038 shares of the company’s stock worth $3,469,000 after buying an additional 14,390 shares in the last quarter. Finally, Nordea Investment Management AB bought a new position in shares of DigitalBridge Group in the first quarter valued at approximately $3,214,000. 92.69% of the stock is currently owned by institutional investors.

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.