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

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

DBRG has been the subject of a number of recent research reports. Wells Fargo & Company decreased their price target on shares of DigitalBridge Group from $18.00 to $16.00 and set an “overweight” rating for the company in a research note on Monday, November 4th. JPMorgan Chase & Co. raised their price target on DigitalBridge Group from $22.00 to $23.00 and gave the stock an “overweight” rating in a report on Tuesday, October 1st. Keefe, Bruyette & Woods cut 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 report on Wednesday, November 6th. Truist Financial lowered their target price on DigitalBridge Group from $19.00 to $17.00 and set a “buy” rating on the stock in a research note on Wednesday, August 21st. Finally, Deutsche Bank Aktiengesellschaft cut their price target on DigitalBridge Group from $17.00 to $16.00 and set a “buy” rating for the company in a research note on Thursday, August 15th.

Hedge Funds Weigh In On DigitalBridge Group

Institutional investors and hedge funds have recently made changes to their positions in the stock. Swiss National Bank grew its holdings in shares of DigitalBridge Group by 0.7% in the 1st quarter. Swiss National Bank now owns 322,325 shares of the company’s stock worth $6,211,000 after acquiring an additional 2,100 shares during the period. Sei Investments Co. grew its holdings in DigitalBridge Group by 77.9% in the first quarter. Sei Investments Co. now owns 302,856 shares of the company’s stock valued at $5,836,000 after purchasing an additional 132,638 shares during the last quarter. Russell Investments Group Ltd. increased its position in shares of DigitalBridge Group by 16.6% in the first quarter. Russell Investments Group Ltd. now owns 120,604 shares of the company’s stock valued at $2,324,000 after buying an additional 17,159 shares in the last quarter. ProShare Advisors LLC raised its stake in shares of DigitalBridge Group by 8.6% during the 1st quarter. ProShare Advisors LLC now owns 29,092 shares of the company’s stock worth $561,000 after buying an additional 2,292 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in DigitalBridge Group by 17.3% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 740,706 shares of the company’s stock valued at $14,273,000 after acquiring an additional 109,371 shares during the last quarter. 92.69% of the stock is owned by institutional investors and hedge funds.

DigitalBridge Group Trading Up 0.2 %

Shares of NYSE DBRG opened at $12.54 on Friday. The stock has a market cap of $2.18 billion, a P/E ratio of 17.18, a P/E/G ratio of 2.19 and a beta of 1.94. DigitalBridge Group has a twelve month low of $11.07 and a twelve month high of $20.99. The stock has a 50 day moving average of $14.35 and a two-hundred day moving average of $13.71.

DigitalBridge Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid 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%.

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.