DigitalBridge Group (NYSE:DBRG) Given “Buy” Rating at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft restated their buy rating on shares of DigitalBridge Group (NYSE:DBRG) in a research note released on Tuesday morning, Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a $17.00 price target on the stock, down from their prior price target of $21.00.

DBRG has been the subject of several other research reports. JPMorgan Chase & Co. reduced their price target on shares of DigitalBridge Group from $25.00 to $23.00 and set an overweight rating for the company in a report on Wednesday, May 1st. Truist Financial decreased their target price on shares of DigitalBridge Group from $22.00 to $19.00 and set a buy rating for the company in a research report on Wednesday, May 15th. Finally, Keefe, Bruyette & Woods dropped their price target on shares of DigitalBridge Group from $18.50 to $17.75 and set an outperform rating on the stock in a research note on Tuesday. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, DigitalBridge Group has a consensus rating of Buy and an average target price of $20.96.

DigitalBridge Group Stock Down 1.5 %

DBRG opened at $12.31 on Tuesday. The company’s 50-day moving average price is $14.92 and its 200 day moving average price is $17.17. DigitalBridge Group has a fifty-two week low of $12.12 and a fifty-two week high of $20.99. The firm has a market cap of $2.14 billion, a price-to-earnings ratio of 7.94 and a beta of 1.96.

DigitalBridge Group (NYSE:DBRG) last announced its quarterly earnings results on Tuesday, April 30th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). The company had revenue of $74.39 million for the quarter, compared to analyst estimates of $100.76 million. DigitalBridge Group had a return on equity of 3.14% and a net margin of 26.64%. Research analysts anticipate that DigitalBridge Group will post 0.25 earnings per share for the current year.

DigitalBridge Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Sunday, June 30th will be issued a $0.01 dividend. The ex-dividend date is Friday, June 28th. This represents a $0.04 annualized dividend and a dividend yield of 0.32%. DigitalBridge Group’s dividend payout ratio (DPR) is 2.58%.

Institutional Trading of DigitalBridge Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. New York State Common Retirement Fund lifted its stake in DigitalBridge Group by 0.3% during the fourth quarter. New York State Common Retirement Fund now owns 151,149 shares of the company’s stock valued at $2,651,000 after buying an additional 514 shares in the last quarter. Teacher Retirement System of Texas grew its position in DigitalBridge Group by 7.2% in the 4th quarter. Teacher Retirement System of Texas now owns 13,399 shares of the company’s stock worth $235,000 after purchasing an additional 905 shares during the last quarter. Fulton Bank N.A. grew its holdings in shares of DigitalBridge Group by 16.8% during the 4th quarter. Fulton Bank N.A. now owns 14,459 shares of the company’s stock worth $254,000 after purchasing an additional 2,083 shares in the last quarter. Harvest Investment Services LLC boosted its stake in DigitalBridge Group by 8.3% during the fourth quarter. Harvest Investment Services LLC now owns 27,084 shares of the company’s stock worth $475,000 after buying an additional 2,084 shares in the last quarter. Finally, Swiss National Bank boosted its position in shares of DigitalBridge Group by 0.7% during the 1st quarter. Swiss National Bank now owns 322,325 shares of the company’s stock valued at $6,211,000 after acquiring an additional 2,100 shares in the last quarter. 92.69% of the stock is currently 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.