DigitalBridge Group, Inc. (NYSE:DBRG) Receives $16.22 Consensus Price Target from Brokerages

Shares of DigitalBridge Group, Inc. (NYSE:DBRG) have been assigned a consensus rating of “Hold” from the eleven brokerages that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $16.2222.

Several research firms have commented on DBRG. Citizens Jmp downgraded shares of DigitalBridge Group from a “market outperform” rating to a “hold” rating and set a $16.00 price target on the stock. in a research note on Monday, December 29th. TD Cowen lowered shares of DigitalBridge Group from a “buy” rating to a “hold” rating and set a $16.00 target price on the stock. in a report on Tuesday, December 30th. Weiss Ratings reiterated a “sell (d+)” rating on shares of DigitalBridge Group in a research report on Wednesday, October 8th. Keefe, Bruyette & Woods upped their price target on shares of DigitalBridge Group from $13.50 to $16.00 and gave the company a “market perform” rating in a research report on Tuesday, December 30th. Finally, Royal Bank Of Canada cut DigitalBridge Group from an “outperform” rating to a “sector perform” rating and reduced their price objective for the company from $23.00 to $16.00 in a research note on Tuesday, December 30th.

Institutional Investors Weigh In On DigitalBridge Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Tema Etfs LLC purchased a new stake in DigitalBridge Group during the 4th quarter valued at $50,000. CIBRA Capital Ltd purchased a new position in shares of DigitalBridge Group during the fourth quarter valued at about $2,006,000. Moody National Bank Trust Division grew its holdings in shares of DigitalBridge Group by 11.0% during the 4th quarter. Moody National Bank Trust Division now owns 132,362 shares of the company’s stock worth $2,030,000 after acquiring an additional 13,109 shares during the period. Pensionfund PDN bought a new position in DigitalBridge Group in the fourth quarter worth $218,000. Finally, SG Americas Securities LLC increased its stake in shares of DigitalBridge Group by 125.5% in the 4th quarter. SG Americas Securities LLC now owns 71,628 shares of the company’s stock worth $1,099,000 after acquiring an additional 39,870 shares in the last quarter. 92.69% of the stock is currently owned by institutional investors.

DigitalBridge Group Stock Up 0.1%

Shares of DBRG stock opened at $15.35 on Wednesday. The business has a 50-day moving average price of $12.74 and a two-hundred day moving average price of $11.90. DigitalBridge Group has a 12-month low of $6.41 and a 12-month high of $15.55. The firm has a market cap of $2.80 billion, a P/E ratio of 255.79 and a beta of 1.69.

DigitalBridge Group (NYSE:DBRG) last announced its quarterly earnings data on Thursday, October 30th. The company reported $0.09 EPS for the quarter, meeting the consensus estimate of $0.09. The firm had revenue of $3.82 million for the quarter, compared to the consensus estimate of $96.45 million. DigitalBridge Group’s revenue for the quarter was up 21.6% compared to the same quarter last year. During the same quarter last year, the company posted ($0.01) earnings per share. As a group, research analysts expect that DigitalBridge Group will post 0.17 EPS for the current fiscal year.

DigitalBridge Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.3%. The ex-dividend date was Wednesday, December 31st. DigitalBridge Group’s dividend payout ratio (DPR) is presently 66.67%.

DigitalBridge Group Company Profile

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.