Brokerages Set DigitalBridge Group, Inc. (NYSE:DBRG) PT at $16.67

Shares of DigitalBridge Group, Inc. (NYSE:DBRG) have been given a consensus recommendation of “Buy” by the ten research firms that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $16.61.

DBRG has been the topic of several research reports. Raymond James reduced their price target on shares of 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. JMP Securities initiated coverage on shares of DigitalBridge Group in a research report on Monday, January 27th. They set an “outperform” rating and a $16.00 price target on the stock. Wells Fargo & Company upped their price target on shares of DigitalBridge Group from $15.00 to $16.00 and gave the stock an “overweight” rating in a research report on Monday. Citizens Jmp upgraded shares of DigitalBridge Group to a “strong-buy” rating in a research report on Monday, January 27th. Finally, JPMorgan Chase & Co. dropped their price objective on DigitalBridge Group from $20.00 to $18.00 and set an “overweight” rating for the company in a report on Tuesday, January 21st.

DigitalBridge Group Stock Performance

Shares of NYSE:DBRG opened at $11.18 on Friday. The company’s fifty day moving average is $10.98 and its 200-day moving average is $12.59. The company has a market capitalization of $1.95 billion, a PE ratio of 372.53, a P/E/G ratio of 3.46 and a beta of 1.91. DigitalBridge Group has a 52 week low of $10.03 and a 52 week high of $19.49.

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

DigitalBridge Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.01 per share. The ex-dividend date is Monday, March 31st. This represents a $0.04 annualized dividend and a yield of 0.36%. DigitalBridge Group’s dividend payout ratio is currently 133.33%.

Institutional Trading of DigitalBridge Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in DBRG. Covestor Ltd increased its stake in shares of DigitalBridge Group by 9.8% in the 4th quarter. Covestor Ltd now owns 11,752 shares of the company’s stock valued at $133,000 after acquiring an additional 1,049 shares during the last quarter. Summit Investment Advisors Inc. increased its stake in shares of DigitalBridge Group by 6.8% in the 4th quarter. Summit Investment Advisors Inc. now owns 16,631 shares of the company’s stock valued at $188,000 after acquiring an additional 1,056 shares during the last quarter. Xponance Inc. increased its stake in shares of DigitalBridge Group by 12.7% in the 4th quarter. Xponance Inc. now owns 11,725 shares of the company’s stock valued at $132,000 after acquiring an additional 1,321 shares during the last quarter. Sunbelt Securities Inc. increased its stake in shares of DigitalBridge Group by 109.9% in the 4th quarter. Sunbelt Securities Inc. now owns 2,796 shares of the company’s stock valued at $31,000 after acquiring an additional 1,464 shares during the last quarter. Finally, Meeder Asset Management Inc. bought a new stake in shares of DigitalBridge Group in the 3rd quarter valued at about $34,000. 92.69% of the stock is owned by institutional investors.

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.