DigitalBridge Group, Inc. (DBRG) to Issue Quarterly Dividend of $0.01 on January 15th

DigitalBridge Group, Inc. (NYSE:DBRG) announced a quarterly dividend on Thursday, October 30th. Shareholders of record on Wednesday, December 31st will be given a dividend of 0.01 per share on Thursday, January 15th. This represents a c) dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Wednesday, December 31st.

DigitalBridge Group has decreased its dividend payment by an average of 0.5%annually over the last three years. DigitalBridge Group has a payout ratio of 12.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect DigitalBridge Group to earn $0.32 per share next year, which means the company should continue to be able to cover its $0.04 annual dividend with an expected future payout ratio of 12.5%.

DigitalBridge Group Stock Performance

DigitalBridge Group stock opened at $13.95 on Monday. DigitalBridge Group has a 52 week low of $6.41 and a 52 week high of $15.55. The firm has a market capitalization of $2.55 billion, a PE ratio of 232.49 and a beta of 1.77. The business’s 50-day simple moving average is $11.77 and its 200-day simple moving average is $11.38.

DigitalBridge Group (NYSE:DBRG) last released its earnings results on Thursday, March 21st. The company reported ($0.07) earnings per share (EPS) for the quarter. The business had revenue of $232.83 million during the quarter. DigitalBridge Group had a net margin of 18.57% and a return on equity of 4.78%. Research analysts forecast that DigitalBridge Group will post 0.17 earnings per share for the current year.

Wall Street Analysts Forecast Growth

DBRG has been the topic of a number of research reports. TD Cowen boosted their target price on shares of DigitalBridge Group from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Keefe, Bruyette & Woods raised their price target on shares of DigitalBridge Group from $11.00 to $12.50 and gave the stock a “market perform” rating in a research report on Monday, November 3rd. Weiss Ratings restated a “sell (d+)” rating on shares of DigitalBridge Group in a report on Wednesday, October 8th. Zacks Research raised shares of DigitalBridge Group from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 5th. Finally, B. Riley raised DigitalBridge Group to a “strong-buy” rating in a research report on Thursday, October 30th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $17.69.

About DigitalBridge Group

DigitalBridge Group, Inc (NYSE: DBRG) is a specialized global investment firm focused exclusively on digital infrastructure. The company originates, acquires, and manages a diversified portfolio of businesses that support the digital economy, including data centers, cell towers, small cells, fiber networks, edge infrastructure and related services. DigitalBridge seeks to generate sustainable, long-term returns for its investors by deploying capital into high-growth sectors driven by increasing data consumption, 5G deployment and cloud adoption.

Through its dedicated investment platforms, DigitalBridge provides equity and debt financing solutions to operators and owners of digital infrastructure assets.