DigitalBridge Group, Inc. (NYSE:DBRG) Receives $17.88 Consensus Target Price from Analysts

DigitalBridge Group, Inc. (NYSE:DBRG) has received a consensus recommendation of “Buy” from the eight analysts that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $17.38.

A number of brokerages have recently commented on DBRG. B. Riley dropped their price objective on shares of DigitalBridge Group from $24.00 to $20.00 and set a “buy” rating on the stock in a research note on Tuesday. Wells Fargo & Company cut their price objective on shares of DigitalBridge Group from $18.00 to $16.00 and set an “overweight” rating for the company in a report on Monday, November 4th. Keefe, Bruyette & Woods lowered shares of 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 note on Wednesday, November 6th. Truist Financial cut their price target on DigitalBridge Group from $17.00 to $15.00 and set a “buy” rating for the company in a research note on Wednesday, December 11th. Finally, Raymond James lowered their price target on DigitalBridge Group from $19.00 to $16.00 and set a “strong-buy” rating on the stock in a research report on Tuesday, November 5th.

DigitalBridge Group Stock Down 0.8 %

DigitalBridge Group stock opened at $10.88 on Friday. The business’s 50-day moving average price is $12.18 and its 200 day moving average price is $13.24. The firm has a market cap of $1.90 billion, a price-to-earnings ratio of 14.90, a price-to-earnings-growth ratio of 13.76 and a beta of 1.91. DigitalBridge Group has a 52 week low of $10.55 and a 52 week high of $20.99.

DigitalBridge Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.01 per share. The ex-dividend date is Tuesday, December 31st. This represents a $0.04 annualized dividend and a yield of 0.37%. DigitalBridge Group’s dividend payout ratio (DPR) is currently 5.48%.

Hedge Funds Weigh In On DigitalBridge Group

Several hedge funds and other institutional investors have recently made changes to their positions in DBRG. Victory Capital Management Inc. raised its holdings in DigitalBridge Group by 4.1% in the 2nd quarter. Victory Capital Management Inc. now owns 22,165 shares of the company’s stock valued at $304,000 after acquiring an additional 870 shares during the last quarter. Arizona State Retirement System grew its position in shares of DigitalBridge Group by 1.9% in the second quarter. Arizona State Retirement System now owns 45,735 shares of the company’s stock valued at $627,000 after purchasing an additional 872 shares in the last quarter. Fulton Bank N.A. increased its holdings in shares of DigitalBridge Group by 3.2% in the third quarter. Fulton Bank N.A. now owns 28,372 shares of the company’s stock valued at $401,000 after purchasing an additional 878 shares during the last quarter. King Luther Capital Management Corp lifted its position in DigitalBridge Group by 1.3% during the second quarter. King Luther Capital Management Corp now owns 71,038 shares of the company’s stock worth $973,000 after buying an additional 942 shares in the last quarter. Finally, nVerses Capital LLC boosted its stake in DigitalBridge Group by 633.3% during the second quarter. nVerses Capital LLC now owns 2,200 shares of the company’s stock worth $30,000 after buying an additional 1,900 shares during the last quarter. Hedge funds and other institutional investors own 92.69% of the company’s stock.

DigitalBridge Group Company Profile

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.