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

Shares of DigitalBridge Group, Inc. (NYSE:DBRG - Get Free Report) have received a consensus rating of "Buy" from the ten research firms that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation, seven have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $16.06.

DBRG has been the subject of a number of research analyst reports. Citizens Jmp raised DigitalBridge Group to a "strong-buy" rating in a research note on Monday, January 27th. Truist Financial dropped their price objective on DigitalBridge Group from $15.00 to $13.00 and set a "buy" rating on the stock in a research note on Tuesday, March 25th. Keefe, Bruyette & Woods decreased their target price on DigitalBridge Group from $13.50 to $10.50 and set a "market perform" rating for the company in a research report on Tuesday. Wells Fargo & Company lifted their price objective on DigitalBridge Group from $15.00 to $16.00 and gave the company an "overweight" rating in a report on Monday, February 24th. Finally, JPMorgan Chase & Co. cut their target price on shares of DigitalBridge Group from $20.00 to $18.00 and set an "overweight" rating on the stock in a research report on Tuesday, January 21st.

DigitalBridge Group Stock Down 0.5 %

DBRG stock opened at $8.69 on Friday. DigitalBridge Group has a 52 week low of $6.41 and a 52 week high of $17.33. The firm has a market capitalization of $1.52 billion, a P/E ratio of 289.50, a price-to-earnings-growth ratio of 3.46 and a beta of 1.58. The company has a fifty day simple moving average of $8.67 and a two-hundred day simple moving average of $10.85.

DigitalBridge Group (NYSE:DBRG - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.08 by $0.03. DigitalBridge Group had a return on equity of 4.29% and a net margin of 10.98%. The company had revenue of $101.55 million during the quarter, compared to analyst estimates of $93.01 million. As a group, analysts anticipate 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, July 15th. Stockholders of record on Monday, June 30th will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.46%. The ex-dividend date is Monday, June 30th. DigitalBridge Group's dividend payout ratio is presently 13.33%.

Hedge Funds Weigh In On DigitalBridge Group

A number of institutional investors have recently bought and sold shares of the business. US Bancorp DE increased its stake in shares of DigitalBridge Group by 187.3% in the first quarter. US Bancorp DE now owns 6,265 shares of the company's stock worth $55,000 after acquiring an additional 4,084 shares during the period. XTX Topco Ltd grew its position in DigitalBridge Group by 198.4% during the 1st quarter. XTX Topco Ltd now owns 107,148 shares of the company's stock worth $945,000 after purchasing an additional 71,235 shares during the period. S&CO Inc. raised its stake in shares of DigitalBridge Group by 988.3% during the 1st quarter. S&CO Inc. now owns 250,300 shares of the company's stock valued at $2,207,000 after buying an additional 227,300 shares during the last quarter. Banque Cantonale Vaudoise acquired a new position in shares of DigitalBridge Group in the 1st quarter valued at about $147,000. Finally, GSA Capital Partners LLP boosted its stake in shares of DigitalBridge Group by 47.2% in the first quarter. GSA Capital Partners LLP now owns 135,831 shares of the company's stock worth $1,198,000 after buying an additional 43,561 shares during the last quarter. 92.69% of the stock is 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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