Analysts Set DigitalBridge Group, Inc. (NYSE:DBRG) PT at $22.08

Shares of DigitalBridge Group, Inc. (NYSE:DBRG) have received an average recommendation of “Buy” from the five ratings firms that are presently covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $22.08.

Separately, Truist Financial increased their price target on shares of DigitalBridge Group from $20.00 to $22.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th.

Hedge Funds Weigh In On DigitalBridge Group

Large investors have recently modified their holdings of the stock. New York State Common Retirement Fund increased its position in DigitalBridge Group by 0.3% during the fourth quarter. New York State Common Retirement Fund now owns 151,149 shares of the company’s stock worth $2,651,000 after acquiring an additional 514 shares during the period. Stifel Financial Corp increased its holdings in DigitalBridge Group by 0.9% in the 4th quarter. Stifel Financial Corp now owns 59,297 shares of the company’s stock valued at $1,040,000 after buying an additional 538 shares during the period. Arizona State Retirement System increased its holdings in DigitalBridge Group by 1.5% in the 3rd quarter. Arizona State Retirement System now owns 46,093 shares of the company’s stock valued at $810,000 after buying an additional 694 shares during the period. Strs Ohio increased its holdings in DigitalBridge Group by 2.1% in the 3rd quarter. Strs Ohio now owns 34,200 shares of the company’s stock valued at $601,000 after buying an additional 700 shares during the period. Finally, Independent Advisor Alliance increased its holdings in DigitalBridge Group by 4.5% in the 3rd quarter. Independent Advisor Alliance now owns 17,076 shares of the company’s stock valued at $300,000 after buying an additional 734 shares during the period. 92.69% of the stock is owned by institutional investors.

DigitalBridge Group Price Performance

Shares of DBRG stock opened at $17.30 on Tuesday. The stock has a market cap of $2.83 billion, a P/E ratio of 35.31 and a beta of 1.91. The company has a fifty day moving average price of $18.64 and a two-hundred day moving average price of $17.72. DigitalBridge Group has a one year low of $10.20 and a one year high of $20.99.

DigitalBridge Group (NYSE:DBRG) last announced its quarterly earnings results on Tuesday, February 20th. The company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.06. The firm had revenue of $350.31 million during the quarter, compared to analysts’ expectations of $287.41 million. DigitalBridge Group had a net margin of 12.33% and a return on equity of 2.39%. As a group, equities research analysts anticipate that DigitalBridge Group will post 0.25 EPS for the current fiscal year.

DigitalBridge Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Sunday, March 31st were given a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.23%. The ex-dividend date of this dividend was Wednesday, March 27th. DigitalBridge Group’s payout ratio is presently 8.16%.

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.