DigitalBridge Group, Inc. (NYSE:DBRG) Receives Average Recommendation of “Buy” from Analysts

DigitalBridge Group, Inc. (NYSE:DBRG) has earned an average recommendation of “Buy” from the ten brokerages that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $16.39.

DBRG has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. cut their price objective on DigitalBridge Group from $20.00 to $18.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 21st. Citizens Jmp upgraded shares of DigitalBridge Group to a “strong-buy” rating in a research note on Monday, January 27th. Wells Fargo & Company raised their target price on shares of DigitalBridge Group from $15.00 to $16.00 and gave the company an “overweight” rating in a research note on Monday, February 24th. JMP Securities started coverage on shares of DigitalBridge Group in a research report on Monday, January 27th. They set an “outperform” rating and a $16.00 target price for the company. Finally, B. Riley lowered their price target on DigitalBridge Group from $24.00 to $20.00 and set a “buy” rating on the stock in a research report on Tuesday, January 7th.

Hedge Funds Weigh In On DigitalBridge Group

Several large investors have recently added to or reduced their stakes in DBRG. Bfsg LLC increased its position in shares of DigitalBridge Group by 56.3% during the first quarter. Bfsg LLC now owns 17,211 shares of the company’s stock valued at $152,000 after purchasing an additional 6,201 shares during the period. Opal Wealth Advisors LLC bought a new position in DigitalBridge Group in the first quarter worth $73,000. Wealth Enhancement Advisory Services LLC bought a new stake in DigitalBridge Group in the 1st quarter valued at $93,000. SG Americas Securities LLC raised its stake in shares of DigitalBridge Group by 73.8% in the 1st quarter. SG Americas Securities LLC now owns 32,301 shares of the company’s stock valued at $285,000 after buying an additional 13,719 shares in the last quarter. Finally, Fulton Bank N.A. lifted its holdings in shares of DigitalBridge Group by 5.2% during the 1st quarter. Fulton Bank N.A. now owns 35,194 shares of the company’s stock worth $310,000 after acquiring an additional 1,752 shares during the period. Institutional investors and hedge funds own 92.69% of the company’s stock.

DigitalBridge Group Stock Up 2.3 %

DBRG stock opened at $7.95 on Monday. The firm has a 50 day moving average of $9.38 and a two-hundred day moving average of $11.51. DigitalBridge Group has a 12 month low of $6.41 and a 12 month high of $17.72. The company has a market capitalization of $1.39 billion, a price-to-earnings ratio of 264.83, a P/E/G ratio of 3.46 and a beta of 1.68.

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. The firm had revenue of $101.55 million during the quarter, compared to analysts’ expectations of $93.01 million. DigitalBridge Group had a net margin of 10.98% and a return on equity of 4.29%. On average, research analysts expect that DigitalBridge Group will post 0.17 EPS for the current fiscal year.

DigitalBridge Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date of this dividend was Monday, March 31st. DigitalBridge Group’s dividend payout ratio (DPR) 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.