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

DigitalBridge Group, Inc. (NYSE:DBRG) has been given a consensus rating of “Buy” by the eight brokerages that are covering the stock, MarketBeat reports. One 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 12-month price target among brokerages that have issued a report on the stock in the last year is $18.13.

DBRG has been the subject of several recent research reports. Wells Fargo & Company decreased their price target on DigitalBridge Group from $18.00 to $16.00 and set an “overweight” rating for the company in a report on Monday, November 4th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of DigitalBridge Group from $17.00 to $16.00 and set a “buy” rating on the stock in a research report on Thursday, August 15th. Truist Financial reduced their price objective on shares of DigitalBridge Group from $19.00 to $17.00 and set a “buy” rating for the company in a research report on Wednesday, August 21st. Raymond James dropped their target price on shares of DigitalBridge Group from $19.00 to $16.00 and set a “strong-buy” rating on the stock in a research report on Tuesday, November 5th. Finally, JPMorgan Chase & Co. upped their target price on DigitalBridge Group from $22.00 to $23.00 and gave the company an “overweight” rating in a report on Tuesday, October 1st.

Institutional Trading of DigitalBridge Group

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

DigitalBridge Group Stock Performance

Shares of DBRG opened at $12.34 on Friday. The firm has a market capitalization of $2.15 billion, a P/E ratio of 16.90, a P/E/G ratio of 2.23 and a beta of 1.94. DigitalBridge Group has a 52 week low of $11.07 and a 52 week high of $20.99. The stock has a 50 day moving average price of $14.40 and a two-hundred day moving average price of $13.62.

DigitalBridge Group Announces Dividend

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 paid a $0.01 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $0.04 annualized dividend and a yield of 0.32%. DigitalBridge Group’s payout ratio is 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.