Analysts Set DigitalBridge Group, Inc. (NYSE:DBRG) Target Price at $17.88

DigitalBridge Group, Inc. (NYSE:DBRG) has earned an average recommendation of “Buy” from the eight ratings firms that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $17.38.

A number of equities research analysts recently weighed in on the company. Wells Fargo & Company dropped their price target 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. B. Riley dropped their price objective on shares of DigitalBridge Group from $24.00 to $20.00 and set a “buy” rating on the stock in a research report on Tuesday. Truist Financial reduced their target price on shares of DigitalBridge Group from $17.00 to $15.00 and set a “buy” rating for the company in a report on Wednesday, December 11th. Keefe, Bruyette & Woods cut shares of DigitalBridge Group from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $17.75 to $14.00 in a report on Wednesday, November 6th. Finally, JPMorgan Chase & Co. raised their price objective on shares of DigitalBridge Group from $22.00 to $23.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 1st.

Institutional Investors Weigh In On DigitalBridge Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Fulton Bank N.A. increased its stake in DigitalBridge Group by 17.9% during the 4th quarter. Fulton Bank N.A. now owns 33,442 shares of the company’s stock worth $377,000 after acquiring an additional 5,070 shares during the period. Nordea Investment Management AB increased its position in shares of DigitalBridge Group by 6.1% in the fourth quarter. Nordea Investment Management AB now owns 273,609 shares of the company’s stock worth $3,114,000 after purchasing an additional 15,830 shares during the period. Franklin Resources Inc. raised its stake in DigitalBridge Group by 33.6% in the third quarter. Franklin Resources Inc. now owns 180,369 shares of the company’s stock valued at $2,792,000 after purchasing an additional 45,333 shares in the last quarter. Tidal Investments LLC lifted its position in DigitalBridge Group by 22.8% during the third quarter. Tidal Investments LLC now owns 99,995 shares of the company’s stock worth $1,413,000 after purchasing an additional 18,536 shares during the period. Finally, Sanctuary Advisors LLC grew its stake in DigitalBridge Group by 10.3% during the third 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. 92.69% of the stock is currently owned by institutional investors and hedge funds.

DigitalBridge Group Stock Down 2.7 %

Shares of NYSE DBRG opened at $10.61 on Friday. The business’s 50 day moving average price is $12.03 and its two-hundred day moving average price is $13.21. The company has a market cap of $1.85 billion, a PE ratio of 14.53, a price-to-earnings-growth ratio of 13.76 and a beta of 1.91. DigitalBridge Group has a twelve month low of $10.50 and a twelve month high of $20.99.

DigitalBridge Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.01 per share. The ex-dividend date is Tuesday, December 31st. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.38%. DigitalBridge Group’s payout ratio 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.