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

Key Points

• Analysts give DigitalBridge an average rating of Hold from nine firms (1 sell, 7 hold, 1 buy) with a consensus 12‑month price target of $16.00.
• Shares opened at $15.61, valuing the company at $2.86 billion with a P/E of 34.68, and the stock is trading near its 1‑year high of $15.65.
• DigitalBridge pays a small quarterly dividend of $0.01 (annualized $0.04, yield 0.3%) and is largely institutionally owned at 92.69%.

Shares of DigitalBridge Group, Inc. (NYSE:DBRG - Get Free Report) have been assigned an average rating of "Hold" from the nine ratings firms that are presently 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 twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $16.00.

A number of brokerages recently weighed in on DBRG. Truist Financial began coverage on shares of DigitalBridge Group in a report on Tuesday, March 31st. They set a "buy" rating and a $16.00 target price for the company. Keefe, Bruyette & Woods raised their target price on shares of DigitalBridge Group from $13.50 to $16.00 and gave the stock a "market perform" rating in a report on Tuesday, December 30th. Raymond James Financial cut shares of DigitalBridge Group from a "strong-buy" rating to an "underperform" rating in a report on Tuesday, January 27th. TD Cowen cut shares of DigitalBridge Group from a "buy" rating to a "hold" rating and set a $16.00 target price for the company. in a report on Tuesday, December 30th. Finally, Weiss Ratings upgraded shares of DigitalBridge Group from a "sell (d+)" rating to a "hold (c)" rating in a report on Monday, March 2nd.

DigitalBridge Group Stock Performance

Shares of NYSE:DBRG opened at $15.61 on Friday. The stock has a market capitalization of $2.86 billion, a price-to-earnings ratio of 34.68 and a beta of 1.61. DigitalBridge Group has a 1-year low of $8.08 and a 1-year high of $15.65. The company has a 50 day moving average price of $15.45 and a 200 day moving average price of $13.93.

DigitalBridge Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date was Tuesday, March 31st. DigitalBridge Group's dividend payout ratio (DPR) is presently 8.89%.

Institutional Trading of DigitalBridge Group

A number of large investors have recently added to or reduced their stakes in DBRG. CWM LLC boosted its stake in DigitalBridge Group by 2.5% in the 3rd quarter. CWM LLC now owns 31,239 shares of the company's stock worth $365,000 after purchasing an additional 755 shares during the period. Stoneridge Investment Partners LLC boosted its stake in shares of DigitalBridge Group by 7.9% during the 3rd quarter. Stoneridge Investment Partners LLC now owns 14,153 shares of the company's stock valued at $166,000 after buying an additional 1,037 shares during the period. Handelsbanken Fonder AB boosted its stake in shares of DigitalBridge Group by 3.0% during the 4th quarter. Handelsbanken Fonder AB now owns 37,500 shares of the company's stock valued at $575,000 after buying an additional 1,100 shares during the period. Cetera Investment Advisers boosted its stake in shares of DigitalBridge Group by 4.4% during the 4th quarter. Cetera Investment Advisers now owns 28,921 shares of the company's stock valued at $444,000 after buying an additional 1,214 shares during the period. Finally, Arizona State Retirement System boosted its stake in shares of DigitalBridge Group by 2.4% during the 3rd quarter. Arizona State Retirement System now owns 52,115 shares of the company's stock valued at $610,000 after buying an additional 1,244 shares during the period. 92.69% of the stock is currently owned by institutional investors.

DigitalBridge Group Company Profile

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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