DigitalBridge Group, Inc. (NYSE:DBRG) Receives $18.13 Consensus Price Target from Analysts

DigitalBridge Group, Inc. (NYSE:DBRG) has been given an average rating of “Buy” by the eight brokerages that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $17.88.

Several equities research analysts recently weighed in on DBRG shares. Raymond James cut their price objective on DigitalBridge Group from $19.00 to $16.00 and set a “strong-buy” rating on the stock in a report on Tuesday, November 5th. Wells Fargo & Company lowered their target price on DigitalBridge Group from $18.00 to $16.00 and set an “overweight” rating for the company in a research report on Monday, November 4th. Keefe, Bruyette & Woods lowered DigitalBridge Group from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $17.75 to $14.00 in a research report on Wednesday, November 6th. JPMorgan Chase & Co. raised their target price on DigitalBridge Group from $22.00 to $23.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 1st. Finally, Truist Financial lowered their target price on DigitalBridge Group from $17.00 to $15.00 and set a “buy” rating for the company in a research report on Wednesday.

DigitalBridge Group Stock Down 1.0 %

NYSE DBRG opened at $12.25 on Tuesday. DigitalBridge Group has a twelve month low of $11.07 and a twelve month high of $20.99. The company has a market cap of $2.13 billion, a price-to-earnings ratio of 16.78, a price-to-earnings-growth ratio of 14.21 and a beta of 1.89. The business’s fifty day moving average is $13.84 and its 200 day moving average is $13.47.

DigitalBridge Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.33%. The ex-dividend date of this dividend is Tuesday, December 31st. DigitalBridge Group’s payout ratio is 5.48%.

Institutional Trading of DigitalBridge Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DBRG. nVerses Capital LLC raised its position in DigitalBridge Group by 633.3% in the 2nd quarter. nVerses Capital LLC now owns 2,200 shares of the company’s stock valued at $30,000 after buying an additional 1,900 shares during the last quarter. Meeder Asset Management Inc. purchased a new stake in DigitalBridge Group in the 3rd quarter valued at $34,000. Central Pacific Bank Trust Division purchased a new stake in DigitalBridge Group in the 3rd quarter valued at $35,000. Blue Trust Inc. raised its position in DigitalBridge Group by 179.2% in the 3rd quarter. Blue Trust Inc. now owns 3,752 shares of the company’s stock valued at $51,000 after buying an additional 2,408 shares during the last quarter. Finally, Headlands Technologies LLC raised its position in DigitalBridge Group by 33,627.3% in the 2nd quarter. Headlands Technologies LLC now owns 7,420 shares of the company’s stock valued at $102,000 after buying an additional 7,398 shares during the last quarter. 92.69% of the stock is owned by institutional investors.

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.