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

Key Points

• DigitalBridge Group, Inc. has received an average rating of "Moderate Buy" from nine research firms, with one sell rating, one hold rating, five buy ratings, and two strong buy ratings.
• The company recently declared a quarterly dividend of $0.01 per share, representing an annualized yield of 0.3% and a dividend payout ratio of -100.00%.
• DigitalBridge Group's stock opened at $11.99 and has a 52-week low of $6.41 and a high of $17.33, with a market capitalization of $2.18 billion.

DigitalBridge Group, Inc. (NYSE:DBRG - Get Free Report) has been given an average rating of "Moderate Buy" by the nine research firms that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $16.1429.

A number of research analysts have recently commented on the stock. Weiss Ratings restated a "sell (d+)" rating on shares of DigitalBridge Group in a research report on Saturday, September 27th. Wall Street Zen upgraded DigitalBridge Group from a "sell" rating to a "hold" rating in a research note on Saturday, September 13th. Truist Financial raised their price target on DigitalBridge Group from $15.00 to $16.00 and gave the company a "buy" rating in a report on Wednesday, August 20th. Finally, Keefe, Bruyette & Woods boosted their price objective on DigitalBridge Group from $10.50 to $11.00 and gave the stock a "market perform" rating in a report on Tuesday, August 12th.

DigitalBridge Group Stock Performance

NYSE:DBRG opened at $11.99 on Monday. DigitalBridge Group has a 52-week low of $6.41 and a 52-week high of $17.33. The firm has a market cap of $2.18 billion, a price-to-earnings ratio of -299.63 and a beta of 1.66. The business's fifty day moving average is $11.37 and its 200 day moving average is $10.29.

DigitalBridge Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be given 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 is Tuesday, September 30th. DigitalBridge Group's dividend payout ratio (DPR) is presently -100.00%.

Institutional Investors Weigh In On DigitalBridge Group

Institutional investors have recently bought and sold shares of the stock. GAMMA Investing LLC boosted its stake in shares of DigitalBridge Group by 978.9% during the first quarter. GAMMA Investing LLC now owns 4,445 shares of the company's stock valued at $39,000 after purchasing an additional 4,033 shares during the period. SG Americas Securities LLC boosted its position in DigitalBridge Group by 73.8% during the 1st quarter. SG Americas Securities LLC now owns 32,301 shares of the company's stock valued at $285,000 after buying an additional 13,719 shares during the period. Wealth Enhancement Advisory Services LLC bought a new stake in DigitalBridge Group in the 1st quarter worth $93,000. Opal Wealth Advisors LLC purchased a new position in shares of DigitalBridge Group in the first quarter valued at about $73,000. Finally, Bfsg LLC boosted its holdings in shares of DigitalBridge Group by 56.3% during the first quarter. Bfsg LLC now owns 17,211 shares of the company's stock worth $152,000 after purchasing an additional 6,201 shares during the period. 92.69% of the stock is currently owned by hedge funds and other institutional investors.

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.

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