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

Shares of DigitalBridge Group, Inc. (NYSE:DBRG) have been assigned an average recommendation of “Moderate Buy” from the nine research firms that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation, five have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $16.1429.

A number of research firms have weighed in on DBRG. Wall Street Zen upgraded shares of DigitalBridge Group from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. Truist Financial increased their target price on shares of DigitalBridge Group from $15.00 to $16.00 and gave the company a “buy” rating in a research report on Wednesday, August 20th. Keefe, Bruyette & Woods increased their target price on shares of DigitalBridge Group from $10.50 to $11.00 and gave the company a “market perform” rating in a research report on Tuesday, August 12th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of DigitalBridge Group in a research report on Wednesday.

DigitalBridge Group Trading Down 4.2%

Shares of NYSE DBRG opened at $11.14 on Monday. DigitalBridge Group has a 12 month low of $6.41 and a 12 month high of $17.33. The company has a 50 day simple moving average of $11.46 and a two-hundred day simple moving average of $10.36. The stock has a market cap of $2.03 billion, a price-to-earnings ratio of -278.50 and a beta of 1.66.

DigitalBridge Group (NYSE:DBRG) last posted its earnings results on Thursday, March 21st. The company reported ($0.07) earnings per share (EPS) for the quarter. DigitalBridge Group had a net margin of 18.57% and a return on equity of 4.14%. The firm had revenue of $232.83 million during the quarter. Analysts forecast that DigitalBridge Group will post 0.17 EPS for the current year.

DigitalBridge Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be issued a $0.01 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.4%. DigitalBridge Group’s dividend payout ratio is currently -100.00%.

Institutional Investors Weigh In On DigitalBridge Group

A number of hedge funds have recently modified their holdings of DBRG. GAMMA Investing LLC boosted its stake in DigitalBridge Group by 978.9% during the first quarter. GAMMA Investing LLC now owns 4,445 shares of the company’s stock worth $39,000 after buying an additional 4,033 shares during the period. Spire Wealth Management boosted its stake in DigitalBridge Group by 91.1% during the first quarter. Spire Wealth Management now owns 6,208 shares of the company’s stock worth $55,000 after buying an additional 2,960 shares during the period. US Bancorp DE boosted its stake in DigitalBridge Group by 187.3% during the first quarter. US Bancorp DE now owns 6,265 shares of the company’s stock worth $55,000 after buying an additional 4,084 shares during the period. Opal Wealth Advisors LLC purchased a new position in DigitalBridge Group during the first quarter worth about $73,000. Finally, Headlands Technologies LLC boosted its stake in DigitalBridge Group by 200.5% during the first quarter. Headlands Technologies LLC now owns 8,774 shares of the company’s stock worth $77,000 after buying an additional 5,854 shares during the period. Hedge funds and other institutional investors own 92.69% of the company’s stock.

About DigitalBridge Group

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.