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

Shares of DigitalBridge Group, Inc. (NYSE:DBRG) have been assigned a consensus rating of “Buy” from the ten brokerages that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold recommendation, seven have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $16.61.

Several equities research analysts have weighed in on the company. B. Riley lowered their price target on DigitalBridge Group from $24.00 to $20.00 and set a “buy” rating for the company in a report on Tuesday, January 7th. JMP Securities initiated coverage on shares of DigitalBridge Group in a research note on Monday, January 27th. They set an “outperform” rating and a $16.00 price target on the stock. Citizens Jmp raised shares of DigitalBridge Group to a “strong-buy” rating in a report on Monday, January 27th. Truist Financial dropped their price objective on shares of DigitalBridge Group from $17.00 to $15.00 and set a “buy” rating on the stock in a report on Wednesday, December 11th. Finally, JPMorgan Chase & Co. cut their target price on DigitalBridge Group from $20.00 to $18.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 21st.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Atria Investments Inc increased its stake in shares of DigitalBridge Group by 27.3% in the 3rd quarter. Atria Investments Inc now owns 13,569 shares of the company’s stock valued at $192,000 after purchasing an additional 2,913 shares in the last quarter. Quest Partners LLC grew its holdings in DigitalBridge Group by 321.0% in the third quarter. Quest Partners LLC now owns 9,309 shares of the company’s stock valued at $132,000 after purchasing an additional 7,098 shares during the period. Meeder Asset Management Inc. purchased a new stake in shares of DigitalBridge Group in the third quarter valued at approximately $34,000. Segall Bryant & Hamill LLC raised its stake in shares of DigitalBridge Group by 16.2% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 882,511 shares of the company’s stock worth $12,470,000 after buying an additional 123,083 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in shares of DigitalBridge Group by 24.9% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,364,524 shares of the company’s stock valued at $19,281,000 after buying an additional 271,853 shares in the last quarter. Institutional investors and hedge funds own 92.69% of the company’s stock.

DigitalBridge Group Stock Up 2.0 %

DigitalBridge Group stock opened at $9.42 on Thursday. The business has a fifty day moving average of $10.59 and a two-hundred day moving average of $12.30. DigitalBridge Group has a twelve month low of $8.95 and a twelve month high of $19.49. The firm has a market cap of $1.64 billion, a P/E ratio of 313.83, a P/E/G ratio of 3.46 and a beta of 1.91.

DigitalBridge Group (NYSE:DBRG) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.03. DigitalBridge Group had a net margin of 10.98% and a return on equity of 4.29%. The firm had revenue of $101.55 million for the quarter, compared to the consensus estimate of $93.01 million. Equities analysts expect that DigitalBridge Group will post 0.17 earnings per share for the current year.

DigitalBridge Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.04 annualized dividend and a yield of 0.42%. DigitalBridge Group’s dividend payout ratio is presently 133.33%.

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.