DigitalBridge Group, Inc. (NYSE:DBRG) Receives Average Recommendation of “Buy” from Brokerages

DigitalBridge Group, Inc. (NYSE:DBRG) has earned a consensus rating of “Buy” from the ten analysts that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $16.61.

A number of research firms recently issued reports on DBRG. Wells Fargo & Company raised their price objective on shares of DigitalBridge Group from $15.00 to $16.00 and gave the stock an “overweight” rating in a report on Monday, February 24th. JMP Securities assumed coverage on shares of DigitalBridge Group in a research note on Monday, January 27th. They set an “outperform” rating and a $16.00 price target on the stock. Keefe, Bruyette & Woods reduced their price objective on DigitalBridge Group from $14.00 to $13.50 and set a “market perform” rating for the company in a research note on Wednesday, February 26th. Citizens Jmp raised DigitalBridge Group to a “strong-buy” rating in a report on Monday, January 27th. Finally, JPMorgan Chase & Co. cut their price target on DigitalBridge Group from $20.00 to $18.00 and set an “overweight” rating for the company in a report on Tuesday, January 21st.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Meeder Asset Management Inc. bought a new stake in DigitalBridge Group in the 3rd quarter valued at $34,000. Sunbelt Securities Inc. increased its stake in DigitalBridge Group by 109.9% in the 4th quarter. Sunbelt Securities Inc. now owns 2,796 shares of the company’s stock worth $31,000 after acquiring an additional 1,464 shares during the last quarter. Spire Wealth Management purchased a new stake in shares of DigitalBridge Group during the 4th quarter worth approximately $37,000. Point72 Hong Kong Ltd bought a new position in shares of DigitalBridge Group during the 4th quarter valued at approximately $39,000. Finally, Manchester Capital Management LLC grew its holdings in shares of DigitalBridge Group by 172.1% in the fourth quarter. Manchester Capital Management LLC now owns 4,372 shares of the company’s stock valued at $49,000 after purchasing an additional 2,765 shares in the last quarter. 92.69% of the stock is currently owned by institutional investors.

DigitalBridge Group Stock Up 0.7 %

DBRG opened at $9.82 on Thursday. DigitalBridge Group has a twelve month low of $8.95 and a twelve month high of $19.49. The firm has a 50 day moving average price of $10.67 and a 200-day moving average price of $12.36. The stock has a market capitalization of $1.71 billion, a price-to-earnings ratio of 327.17, a PEG ratio of 3.46 and a beta of 1.91.

DigitalBridge Group (NYSE:DBRG) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.08 by $0.03. The company had revenue of $101.55 million during the quarter, compared to analyst estimates of $93.01 million. DigitalBridge Group had a return on equity of 4.29% and a net margin of 10.98%. As a group, analysts expect that DigitalBridge Group will post 0.17 earnings per share for the current year.

DigitalBridge Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.41%. The ex-dividend date is Monday, March 31st. DigitalBridge Group’s dividend payout ratio (DPR) is presently 133.33%.

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.