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

Shares of DigitalBridge Group, Inc. (NYSE:DBRG) have been given an average rating of “Buy” by the eight research firms that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation, six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $18.13.

A number of equities research analysts recently weighed in on DBRG shares. Truist Financial lowered their price target on shares of DigitalBridge Group from $19.00 to $17.00 and set a “buy” rating for the company in a report on Wednesday, August 21st. Keefe, Bruyette & Woods lowered shares of DigitalBridge Group from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $17.75 to $14.00 in a research note on Wednesday, November 6th. JPMorgan Chase & Co. upped their target price on shares of DigitalBridge Group from $22.00 to $23.00 and gave the company an “overweight” rating in a research note on Tuesday, October 1st. Raymond James cut their price objective 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, Wells Fargo & Company reduced their price objective on DigitalBridge Group from $18.00 to $16.00 and set an “overweight” rating on the stock in a research note on Monday, November 4th.

Hedge Funds Weigh In On DigitalBridge Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Franklin Resources Inc. grew its stake in shares of DigitalBridge Group by 33.6% in the third quarter. Franklin Resources Inc. now owns 180,369 shares of the company’s stock worth $2,792,000 after purchasing an additional 45,333 shares in the last quarter. Tidal Investments LLC increased its position in shares of DigitalBridge Group by 22.8% during the 3rd quarter. Tidal Investments LLC now owns 99,995 shares of the company’s stock valued at $1,413,000 after purchasing an additional 18,536 shares during the period. Sanctuary Advisors LLC raised its stake in shares of DigitalBridge Group by 10.3% in the 3rd quarter. Sanctuary Advisors LLC now owns 219,342 shares of the company’s stock worth $3,099,000 after buying an additional 20,486 shares in the last quarter. Geode Capital Management LLC boosted its stake in DigitalBridge Group by 8.3% during the third quarter. Geode Capital Management LLC now owns 4,167,413 shares of the company’s stock valued at $58,895,000 after buying an additional 317,776 shares in the last quarter. Finally, Barclays PLC lifted its holdings in DigitalBridge Group by 364.3% in the 3rd quarter. Barclays PLC now owns 268,326 shares of the company’s stock valued at $3,792,000 after acquiring an additional 210,533 shares during the last quarter. 92.69% of the stock is currently owned by institutional investors and hedge funds.

DigitalBridge Group Stock Performance

Shares of NYSE:DBRG opened at $12.64 on Tuesday. The business’s 50-day simple moving average is $14.01 and its 200 day simple moving average is $13.49. The company has a market cap of $2.20 billion, a P/E ratio of 17.32, a PEG ratio of 14.43 and a beta of 1.89. DigitalBridge Group has a one year low of $11.07 and a one year high of $20.99.

DigitalBridge Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a $0.01 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.32%. DigitalBridge Group’s dividend payout ratio (DPR) is presently 5.48%.

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.