DigitalBridge Group, Inc. (NYSE:DBRG) Given Consensus Rating of "Hold" by Analysts

Key Points

• Analysts have a consensus “Hold” rating on DigitalBridge Group, with six holds, two buys and one sell among nine covering analysts. The average 12-month price target is $16.00.
• Institutional investors own 92.69% of the company; California State Teachers Retirement System sharply increased its position by 1,434% during the second quarter.
• DigitalBridge declared a quarterly dividend of $0.01 per share, equivalent to an annualized dividend of $0.04 and a 0.3% yield. Shares opened at $15.97, near the company’s 52-week high of $15.98.

DigitalBridge Group, Inc. (NYSE:DBRG - Get Free Report) has earned a consensus recommendation of "Hold" from the nine analysts that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $16.00.

Separately, Weiss Ratings raised shares of DigitalBridge Group from a "hold (c)" rating to a "buy (b-)" rating in a report on Thursday, August 6th.

Hedge Funds Weigh In On DigitalBridge Group

Hedge funds and other institutional investors have recently modified their holdings of the company. California State Teachers Retirement System grew its position in shares of DigitalBridge Group by 1,434.0% during the second quarter. California State Teachers Retirement System now owns 3,267,407 shares of the company's stock worth $51,560,000 after acquiring an additional 3,054,401 shares during the last quarter. OceanIQ Capital LLC bought a new position in DigitalBridge Group in the 2nd quarter worth about $461,000. Nykredit A S acquired a new stake in shares of DigitalBridge Group in the second quarter valued at approximately $49,000. NINE MASTS CAPITAL Ltd raised its holdings in shares of DigitalBridge Group by 88.1% during the second quarter. NINE MASTS CAPITAL Ltd now owns 147,100 shares of the company's stock valued at $2,321,000 after buying an additional 68,909 shares during the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of DigitalBridge Group during the second quarter worth approximately $57,000. Institutional investors and hedge funds own 92.69% of the company's stock.

DigitalBridge Group Stock Performance

DigitalBridge Group stock opened at $15.97 on Thursday. DigitalBridge Group has a 1 year low of $8.94 and a 1 year high of $15.98. The firm's 50-day moving average is $15.84 and its 200-day moving average is $15.64. The company has a market cap of $2.99 billion, a P/E ratio of 10.37 and a beta of 1.47.

DigitalBridge Group Announces Dividend

The business 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 dividend of $0.01 per share. The ex-dividend date is Wednesday, September 30th. This represents a $0.04 dividend on an annualized basis and a yield of 0.3%. DigitalBridge Group's payout ratio is currently 2.60%.

About DigitalBridge Group

DigitalBridge Group, Inc NYSE: DBRG is a specialized global investment firm focused exclusively on digital infrastructure. The company originates, acquires, and manages a diversified portfolio of businesses that support the digital economy, including data centers, cell towers, small cells, fiber networks, edge infrastructure and related services. DigitalBridge seeks to generate sustainable, long-term returns for its investors by deploying capital into high-growth sectors driven by increasing data consumption, 5G deployment and cloud adoption.

Through its dedicated investment platforms, DigitalBridge provides equity and debt financing solutions to operators and owners of digital infrastructure assets.

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