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

Shares of DigitalBridge Group, Inc. (NYSE:DBRG) have been given an average recommendation of “Buy” by the ten ratings firms that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $16.67.

DBRG has been the subject of a number of recent research reports. Keefe, Bruyette & Woods lowered shares of DigitalBridge Group from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $17.75 to $14.00 in a research note on Wednesday, November 6th. Wells Fargo & Company reduced their price objective 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. Raymond James reduced their price objective on shares of DigitalBridge Group from $19.00 to $16.00 and set a “strong-buy” rating for the company in a research note on Tuesday, November 5th. JMP Securities initiated coverage on shares of DigitalBridge Group in a research note on Monday, January 27th. They issued an “outperform” rating and a $16.00 price objective for the company. Finally, B. Riley reduced their price objective on shares of DigitalBridge Group from $24.00 to $20.00 and set a “buy” rating for the company in a research note on Tuesday, January 7th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Meeder Asset Management Inc. bought a new stake in shares of DigitalBridge Group during the 3rd quarter worth $34,000. Sunbelt Securities Inc. lifted its holdings in shares of 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 last quarter. Spire Wealth Management bought a new stake in shares of DigitalBridge Group during the 4th quarter worth $37,000. Point72 Hong Kong Ltd bought a new stake in shares of DigitalBridge Group during the 4th quarter worth $39,000. Finally, Blue Trust Inc. lifted its holdings in shares of DigitalBridge Group by 179.2% during the 3rd quarter. Blue Trust Inc. now owns 3,752 shares of the company’s stock worth $51,000 after acquiring an additional 2,408 shares during the last quarter. 92.69% of the stock is owned by institutional investors.

DigitalBridge Group Stock Down 0.5 %

Shares of DBRG stock opened at $12.18 on Friday. The company has a 50 day moving average of $10.99 and a 200-day moving average of $12.62. DigitalBridge Group has a 12-month low of $10.03 and a 12-month high of $19.49. The firm has a market cap of $2.12 billion, a P/E ratio of 405.83, a PEG ratio of 3.46 and a beta of 1.91.

DigitalBridge Group (NYSE:DBRG) last issued 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 net margin of 10.98% and a return on equity of 4.29%. The company had revenue of $101.55 million during the quarter, compared to analyst estimates of $93.01 million. As a group, equities analysts expect that DigitalBridge Group will post 0.17 EPS for the current year.

DigitalBridge Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.33%. The ex-dividend date of this dividend is Monday, March 31st. DigitalBridge Group’s payout ratio is 133.33%.

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.