Analysts Set DigitalBridge Group, Inc. (NYSE:DBRG) Price Target at $16.61

Shares of DigitalBridge Group, Inc. (NYSE:DBRG) have been given a consensus recommendation of “Buy” by the ten research firms that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $16.61.

Several research firms have recently issued reports on DBRG. Wells Fargo & Company lifted their price objective on shares of DigitalBridge Group from $15.00 to $16.00 and gave the company an “overweight” rating in a research report on Monday, February 24th. JMP Securities began coverage on shares of DigitalBridge Group in a report on Monday, January 27th. They issued an “outperform” rating and a $16.00 price target on the stock. B. Riley dropped their price objective on shares of DigitalBridge Group from $24.00 to $20.00 and set a “buy” rating for the company in a report on Tuesday, January 7th. Truist Financial reduced their target price on DigitalBridge Group from $17.00 to $15.00 and set a “buy” rating on the stock in a report on Wednesday, December 11th. Finally, Citizens Jmp raised DigitalBridge Group to a “strong-buy” rating in a research note on Monday, January 27th.

DigitalBridge Group Stock Performance

DBRG opened at $9.42 on Thursday. The stock has a market cap of $1.64 billion, a price-to-earnings ratio of 313.83, a price-to-earnings-growth ratio of 3.46 and a beta of 1.91. The firm’s fifty day moving average is $10.59 and its 200 day moving average is $12.30. DigitalBridge Group has a fifty-two week low of $8.95 and a fifty-two week high of $19.49.

DigitalBridge Group (NYSE:DBRG) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.08 by $0.03. The business had revenue of $101.55 million for the quarter, compared to the consensus estimate of $93.01 million. DigitalBridge Group had a return on equity of 4.29% and a net margin of 10.98%. On average, equities research analysts predict that DigitalBridge Group will post 0.17 earnings per share for the current year.

DigitalBridge Group Announces Dividend

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 $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.42%. The ex-dividend date of this dividend is Monday, March 31st. DigitalBridge Group’s dividend payout ratio (DPR) is 133.33%.

Institutional Trading of DigitalBridge Group

Institutional investors have recently bought and sold shares of the stock. Covestor Ltd increased its position in DigitalBridge Group by 9.8% during the fourth quarter. Covestor Ltd now owns 11,752 shares of the company’s stock valued at $133,000 after acquiring an additional 1,049 shares during the last quarter. Summit Investment Advisors Inc. grew its holdings in DigitalBridge Group by 6.8% during the 4th quarter. Summit Investment Advisors Inc. now owns 16,631 shares of the company’s stock valued at $188,000 after purchasing an additional 1,056 shares during the last quarter. Xponance Inc. raised its position in DigitalBridge Group by 12.7% in the 4th quarter. Xponance Inc. now owns 11,725 shares of the company’s stock worth $132,000 after purchasing an additional 1,321 shares during the period. Sunbelt Securities Inc. lifted its stake in DigitalBridge Group by 109.9% in the fourth quarter. Sunbelt Securities Inc. now owns 2,796 shares of the company’s stock worth $31,000 after purchasing an additional 1,464 shares during the last quarter. Finally, Meeder Asset Management Inc. purchased a new position in DigitalBridge Group during the 3rd quarter valued at $34,000. 92.69% of the stock is currently owned by institutional investors.

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.