DigitalBridge Group, Inc. (NYSE:DBRG) Receives $16.00 Average Price Target from Analysts

Shares of DigitalBridge Group, Inc. (NYSE:DBRG) have earned an average recommendation of “Hold” from the nine research firms that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and one has given a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $16.00.

A number of equities analysts have commented on DBRG shares. Weiss Ratings raised shares of DigitalBridge Group from a “sell (d+)” rating to a “hold (c)” rating in a research note on Monday, March 2nd. Royal Bank Of Canada downgraded shares of DigitalBridge Group from an “outperform” rating to a “sector perform” rating and cut their price target for the stock from $23.00 to $16.00 in a report on Tuesday, December 30th. TD Cowen lowered shares of DigitalBridge Group from a “buy” rating to a “hold” rating and set a $16.00 price target on the stock. in a research report on Tuesday, December 30th. Raymond James Financial cut DigitalBridge Group from a “strong-buy” rating to an “underperform” rating in a report on Tuesday, January 27th. Finally, Citizens Jmp lowered DigitalBridge Group from a “market outperform” rating to a “hold” rating and set a $16.00 price objective for the company. in a research report on Monday, December 29th.

Institutional Trading of DigitalBridge Group

Several institutional investors and hedge funds have recently bought and sold shares of DBRG. CWM LLC lifted its position in DigitalBridge Group by 2.5% in the third quarter. CWM LLC now owns 31,239 shares of the company’s stock valued at $365,000 after buying an additional 755 shares during the last quarter. Teacher Retirement System of Texas raised its stake in shares of DigitalBridge Group by 4.1% in the 2nd quarter. Teacher Retirement System of Texas now owns 26,468 shares of the company’s stock valued at $274,000 after acquiring an additional 1,031 shares during the period. Stoneridge Investment Partners LLC raised its stake in shares of DigitalBridge Group by 7.9% in the 3rd quarter. Stoneridge Investment Partners LLC now owns 14,153 shares of the company’s stock valued at $166,000 after acquiring an additional 1,037 shares during the period. Handelsbanken Fonder AB lifted its holdings in shares of DigitalBridge Group by 3.0% in the 4th quarter. Handelsbanken Fonder AB now owns 37,500 shares of the company’s stock worth $575,000 after acquiring an additional 1,100 shares during the last quarter. Finally, Cetera Investment Advisers lifted its holdings in shares of DigitalBridge Group by 4.4% in the 4th quarter. Cetera Investment Advisers now owns 28,921 shares of the company’s stock worth $444,000 after acquiring an additional 1,214 shares during the last quarter. 92.69% of the stock is currently owned by hedge funds and other institutional investors.

DigitalBridge Group Stock Down 0.1%

NYSE DBRG opened at $15.41 on Thursday. The business’s fifty day simple moving average is $15.39 and its 200-day simple moving average is $13.04. The firm has a market cap of $2.81 billion, a PE ratio of 34.24 and a beta of 1.67. DigitalBridge Group has a 52 week low of $6.41 and a 52 week high of $15.55.

DigitalBridge Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be issued a dividend of $0.01 per share. The ex-dividend date is Tuesday, March 31st. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.3%. DigitalBridge Group’s dividend payout ratio is currently 8.89%.

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.