DigitalBridge Group, Inc. (NYSE:DBRG) Receives $16.00 Consensus PT from Analysts

Shares of DigitalBridge Group, Inc. (NYSE:DBRG) have earned a consensus rating of “Hold” from the nine brokerages that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $16.00.

A number of research analysts have weighed in on DBRG shares. Weiss Ratings lowered DigitalBridge Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, August 31st. Wall Street Zen upgraded shares of DigitalBridge Group to a “hold” rating in a report on Saturday, September 5th.

Hedge Funds Weigh In On DigitalBridge Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. Kryger Capital LLC bought a new position in DigitalBridge Group in the 1st quarter worth $102,736,000. Magnetar Financial LLC bought a new stake in DigitalBridge Group during the fourth quarter valued at about $33,808,000. Blue Grotto Capital LLC acquired a new stake in shares of DigitalBridge Group in the fourth quarter valued at about $30,680,000. Hsbc Holdings PLC grew its position in shares of DigitalBridge Group by 159.3% in the first quarter. Hsbc Holdings PLC now owns 3,110,592 shares of the company’s stock valued at $47,919,000 after purchasing an additional 1,910,984 shares during the last quarter. Finally, Capula Management Ltd acquired a new stake in shares of DigitalBridge Group in the first quarter valued at about $25,686,000. Hedge funds and other institutional investors own 92.69% of the company’s stock.

DigitalBridge Group Stock Performance

Shares of NYSE DBRG opened at $15.98 on Monday. The firm has a market cap of $3.00 billion, a P/E ratio of 10.38 and a beta of 1.47. DigitalBridge Group has a 1 year low of $8.94 and a 1 year high of $16.00. The firm’s 50 day moving average price is $15.90 and its 200 day moving average price is $15.71.

DigitalBridge Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.3%. The ex-dividend date is Wednesday, September 30th. DigitalBridge Group’s payout ratio is currently 2.60%.

DigitalBridge Group Company Profile

DigitalBridge Group, Inc (NYSE: DBRG) is an investment management firm focused on digital infrastructure. Through its investment management platform, the company invests in and manages assets that support the digital economy, including data centers, wireless infrastructure, fiber networks, small-cell systems and edge infrastructure.

DigitalBridge serves infrastructure owners, technology companies, communications providers and other institutional investors by providing investment management and asset management services.