DigitalBridge Group, Inc. (NYSE:DBRG) Given Average Recommendation of "Hold" by Brokerages

Key Points

• DigitalBridge Group has a consensus “Hold” rating from nine analysts: seven holds, one sell, and one buy. The average 12-month price target is $16.00, compared with the stock’s opening price of $15.88.
• Institutional investors and hedge funds own 92.69% of DBRG, with several firms recently initiating or increasing positions, including Kryger Capital, HSBC Holdings, and Bank of America.
• The company declared a quarterly dividend of $0.01 per share, equivalent to an annualized dividend of $0.04 and a 0.3% yield; the dividend is payable October 15 to shareholders of record September 30.

DigitalBridge Group, Inc. (NYSE:DBRG - Get Free Report) has been given a consensus rating of "Hold" by the nine research firms that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $16.00.

Several research firms have weighed in on DBRG. Weiss Ratings lowered DigitalBridge Group from a "buy (b-)" rating to a "hold (c+)" rating in a report on Monday, August 31st. Wall Street Zen upgraded DigitalBridge Group to a "hold" rating in a report on Saturday, September 5th.

Institutional Trading of DigitalBridge Group

Several hedge funds have recently bought and sold shares of DBRG. Kryger Capital LLC acquired a new stake in shares of DigitalBridge Group during the first quarter worth $102,736,000. Hsbc Holdings PLC boosted its stake in DigitalBridge Group by 159.3% in the 1st quarter. Hsbc Holdings PLC now owns 3,110,592 shares of the company's stock worth $47,919,000 after purchasing an additional 1,910,984 shares during the period. Bank of America Corp DE boosted its stake in DigitalBridge Group by 29.4% in the 1st quarter. Bank of America Corp DE now owns 2,574,508 shares of the company's stock worth $39,699,000 after purchasing an additional 584,205 shares during the period. Magnetar Financial LLC bought a new position in DigitalBridge Group during the 4th quarter worth about $33,808,000. Finally, Blue Grotto Capital LLC bought a new position in DigitalBridge Group during the 4th quarter worth about $30,680,000. 92.69% of the stock is currently owned by institutional investors and hedge funds.

DigitalBridge Group Stock Up 0.0%

Shares of DBRG stock opened at $15.88 on Monday. DigitalBridge Group has a 12-month low of $8.94 and a 12-month high of $15.98. The firm has a fifty day moving average of $15.89 and a 200-day moving average of $15.70. The firm has a market capitalization of $2.98 billion, a price-to-earnings ratio of 10.32 and a beta of 1.47.

DigitalBridge Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be given a $0.01 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $0.04 annualized dividend and a dividend yield of 0.3%. DigitalBridge Group's payout ratio is currently 2.60%.

About DigitalBridge Group

DigitalBridge Group, Inc NYSE: DBRG is an investment management firm focused on digital infrastructure. Through its investment management platform, the company invests in and manages assets that support the digital economy, including data centers, wireless infrastructure, fiber networks, small-cell systems and edge infrastructure.

DigitalBridge serves infrastructure owners, technology companies, communications providers and other institutional investors by providing investment management and asset management services.

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