DigitalBridge Group, Inc. (NYSE:DBRG) Receives $18.13 Consensus PT from Brokerages

Shares of DigitalBridge Group, Inc. (NYSE:DBRG) have been given an average rating of “Buy” by the eight research firms that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $17.88.

A number of analysts have recently issued reports on DBRG shares. Truist Financial dropped their price objective on shares of DigitalBridge Group from $17.00 to $15.00 and set a “buy” rating for the company in a report on Wednesday. Deutsche Bank Aktiengesellschaft dropped their price target on DigitalBridge Group from $17.00 to $16.00 and set a “buy” rating for the company in a research note on Thursday, August 15th. Raymond James reduced their price objective 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. JPMorgan Chase & Co. boosted 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, Keefe, Bruyette & Woods cut shares of DigitalBridge Group from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $17.75 to $14.00 in a research report on Wednesday, November 6th.

Institutional Trading of DigitalBridge Group

Large investors have recently modified their holdings of the business. nVerses Capital LLC increased its position in DigitalBridge Group by 633.3% during the 2nd quarter. nVerses Capital LLC now owns 2,200 shares of the company’s stock valued at $30,000 after purchasing an additional 1,900 shares during the period. Meeder Asset Management Inc. bought a new position in DigitalBridge Group in the third quarter worth about $34,000. Central Pacific Bank Trust Division purchased a new stake in DigitalBridge Group in the third quarter worth about $35,000. Blue Trust Inc. boosted its position in DigitalBridge Group by 179.2% during the 3rd quarter. Blue Trust Inc. now owns 3,752 shares of the company’s stock valued at $51,000 after acquiring an additional 2,408 shares in the last quarter. Finally, Headlands Technologies LLC grew its holdings in shares of DigitalBridge Group by 33,627.3% during the 2nd quarter. Headlands Technologies LLC now owns 7,420 shares of the company’s stock worth $102,000 after acquiring an additional 7,398 shares during the period. 92.69% of the stock is owned by institutional investors.

DigitalBridge Group Trading Down 2.2 %

DBRG stock opened at $12.38 on Tuesday. DigitalBridge Group has a 1-year low of $11.07 and a 1-year high of $20.99. The stock has a market cap of $2.16 billion, a price-to-earnings ratio of 16.95, a price-to-earnings-growth ratio of 14.43 and a beta of 1.89. The company’s 50 day moving average is $13.90 and its 200 day moving average is $13.47.

DigitalBridge Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a dividend of $0.01 per share. The ex-dividend date is Tuesday, December 31st. This represents a $0.04 dividend on an annualized basis and a yield of 0.32%. DigitalBridge Group’s dividend payout ratio is currently 5.48%.

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.