Analysts Set DigitalBridge Group, Inc. (NYSE:DBRG) PT at $16.39

Shares of DigitalBridge Group, Inc. (NYSE:DBRG - Get Free Report) have earned a consensus rating of "Buy" from the ten ratings firms that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation, seven have given 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 ratings on the stock in the last year is $16.39.

A number of brokerages have weighed in on DBRG. Keefe, Bruyette & Woods decreased their price target on shares of DigitalBridge Group from $14.00 to $13.50 and set a "market perform" rating on the stock in a report on Wednesday, February 26th. Wells Fargo & Company lifted their target price on DigitalBridge Group from $15.00 to $16.00 and gave the company an "overweight" rating in a report on Monday, February 24th. Citizens Jmp raised DigitalBridge Group to a "strong-buy" rating in a research report on Monday, January 27th. JPMorgan Chase & Co. cut their price objective on DigitalBridge Group from $20.00 to $18.00 and set an "overweight" rating on the stock in a report on Tuesday, January 21st. Finally, JMP Securities started coverage on DigitalBridge Group in a report on Monday, January 27th. They set an "outperform" rating and a $16.00 target price for the company.

DigitalBridge Group Stock Performance

NYSE DBRG traded up $0.18 during trading hours on Monday, hitting $7.95. 1,418,806 shares of the company's stock were exchanged, compared to its average volume of 2,555,776. The business's 50 day moving average is $9.38 and its 200-day moving average is $11.51. DigitalBridge Group has a 12-month low of $6.41 and a 12-month high of $17.72. The firm has a market capitalization of $1.39 billion, a P/E ratio of 264.83, a price-to-earnings-growth ratio of 3.46 and a beta of 1.68.

DigitalBridge Group (NYSE:DBRG - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.03. DigitalBridge Group had a net margin of 10.98% and a return on equity of 4.29%. The business had revenue of $101.55 million for the quarter, compared to analyst estimates of $93.01 million. As a group, equities research analysts anticipate that DigitalBridge Group will post 0.17 EPS for the current fiscal year.

DigitalBridge Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.50%. The ex-dividend date was Monday, March 31st. DigitalBridge Group's dividend payout ratio (DPR) is 133.33%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC grew its holdings in DigitalBridge Group by 8.3% during the 3rd quarter. Geode Capital Management LLC now owns 4,167,413 shares of the company's stock valued at $58,895,000 after purchasing an additional 317,776 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of DigitalBridge Group by 3.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,030,657 shares of the company's stock valued at $34,186,000 after acquiring an additional 99,891 shares in the last quarter. Barclays PLC increased its position in shares of DigitalBridge Group by 364.3% during the third quarter. Barclays PLC now owns 268,326 shares of the company's stock worth $3,792,000 after acquiring an additional 210,533 shares during the last quarter. Horizon Kinetics Asset Management LLC lifted its stake in shares of DigitalBridge Group by 868.9% in the fourth quarter. Horizon Kinetics Asset Management LLC now owns 4,483,340 shares of the company's stock worth $50,572,000 after acquiring an additional 4,020,627 shares in the last quarter. Finally, OFI Invest Asset Management acquired a new position in shares of DigitalBridge Group in the fourth quarter worth about $305,000. 92.69% of the stock is owned by institutional investors and hedge funds.

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.