DigitalBridge Group, Inc. (DBRG) – What Are Brokerages Saying About This Stock?

DigitalBridge Group, Inc. (NYSE:DBRG) has earned an average recommendation of “Hold” from the nine analysts that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $16.00.

A number of analysts have issued reports on the company. Wall Street Zen raised DigitalBridge Group to a “hold” rating in a research note on Saturday, September 5th. Weiss Ratings lowered shares of DigitalBridge Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, August 31st.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in DBRG. Parallel Advisors LLC increased its stake in DigitalBridge Group by 70.4% during the first quarter. Parallel Advisors LLC now owns 1,891 shares of the company’s stock worth $29,000 after acquiring an additional 781 shares during the last quarter. Beaird Harris Wealth Management LLC purchased a new stake in DigitalBridge Group during the 4th quarter valued at $31,000. Nykredit A S bought a new stake in DigitalBridge Group in the second quarter worth $49,000. Public Employees Retirement System of Ohio bought a new stake in DigitalBridge Group in the second quarter worth $57,000. Finally, KBC Group NV lifted its position in DigitalBridge Group by 47.9% in the first quarter. KBC Group NV now owns 7,776 shares of the company’s stock worth $120,000 after buying an additional 2,517 shares during the last quarter. Hedge funds and other institutional investors own 92.69% of the company’s stock.

DigitalBridge Group Stock Up 0.1%

DBRG opened at $16.00 on Friday. The firm has a 50-day simple moving average of $15.96 and a two-hundred day simple moving average of $15.80. DigitalBridge Group has a 52 week low of $8.94 and a 52 week high of $16.00. The company has a market capitalization of $3.00 billion, a PE ratio of 10.39 and a beta of 1.45.

DigitalBridge Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Wednesday, September 30th. DigitalBridge Group’s dividend payout ratio is currently 2.60%.

DigitalBridge Group Company Profile

DigitalBridge Group, Inc (NYSE: DBRG) is a global investment management firm focused on digital infrastructure. The company provides investment management services and invests in assets that support the digital economy, including data centers, cell towers, fiber networks, small-cell infrastructure and edge computing facilities.

Through its investment platforms and portfolio companies, DigitalBridge partners with institutional investors to develop, acquire and operate digital infrastructure businesses.