Brokerages Set DigitalBridge Group, Inc. (NYSE:DBRG) Price Target at $16.06

DigitalBridge Group, Inc. (NYSE:DBRG - Get Free Report) has received an average rating of "Buy" from the ten brokerages that are covering the company, MarketBeat Ratings 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 target price among brokerages that have updated their coverage on the stock in the last year is $16.28.

Several research firms have commented on DBRG. Truist Financial upped their price objective on shares of DigitalBridge Group from $13.00 to $15.00 and gave the company a "buy" rating in a report on Tuesday. Wells Fargo & Company upped their price target on shares of DigitalBridge Group from $15.00 to $16.00 and gave the company an "overweight" rating in a research note on Monday, February 24th. Keefe, Bruyette & Woods lowered their price target on shares of DigitalBridge Group from $13.50 to $10.50 and set a "market perform" rating on the stock in a report on Tuesday, May 6th. Finally, JMP Securities restated a "market outperform" rating and set a $16.00 price objective on shares of DigitalBridge Group in a report on Friday, May 16th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Strs Ohio purchased a new stake in shares of DigitalBridge Group in the first quarter worth about $262,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in DigitalBridge Group by 5.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 392,094 shares of the company's stock worth $3,458,000 after purchasing an additional 21,930 shares during the last quarter. Clearline Capital LP raised its stake in DigitalBridge Group by 189.8% during the first quarter. Clearline Capital LP now owns 2,286,782 shares of the company's stock valued at $20,169,000 after purchasing an additional 1,497,664 shares in the last quarter. Caxton Associates LLP purchased a new stake in DigitalBridge Group during the first quarter valued at $347,000. Finally, Goldman Sachs Group Inc. lifted its position in DigitalBridge Group by 45.3% during the first quarter. Goldman Sachs Group Inc. now owns 2,225,993 shares of the company's stock valued at $19,633,000 after purchasing an additional 693,613 shares during the last quarter. Institutional investors own 92.69% of the company's stock.

DigitalBridge Group Price Performance

NYSE DBRG traded up $0.16 during trading on Tuesday, reaching $11.03. 217,055 shares of the company's stock were exchanged, compared to its average volume of 2,567,135. The business has a 50 day moving average price of $9.18 and a 200-day moving average price of $10.40. The stock has a market capitalization of $1.94 billion, a P/E ratio of 367.40, a PEG ratio of 3.46 and a beta of 1.72. DigitalBridge Group has a fifty-two week low of $6.41 and a fifty-two week high of $17.33.

DigitalBridge Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be issued a dividend of $0.01 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $0.04 dividend on an annualized basis and a yield of 0.36%. DigitalBridge Group's dividend payout ratio is presently 13.33%.

DigitalBridge Group Company Profile

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.