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

DigitalBridge Group, Inc. (NYSE:DBRG - Get Free Report) has been assigned an average rating of "Buy" from the nine ratings firms that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $15.94.

Several analysts recently commented on DBRG shares. Wall Street Zen cut shares of DigitalBridge Group from a "hold" rating to a "sell" rating in a research note on Saturday, July 12th. Keefe, Bruyette & Woods decreased their price objective 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. Truist Financial boosted their price objective on shares of DigitalBridge Group from $13.00 to $15.00 and gave the stock a "buy" rating in a report on Tuesday, June 3rd. Finally, JMP Securities reissued a "market outperform" rating and set a $16.00 price objective on shares of DigitalBridge Group in a report on Friday, May 16th.

DigitalBridge Group Stock Performance

DigitalBridge Group stock traded down $0.12 during trading hours on Wednesday, reaching $11.10. 1,644,674 shares of the stock were exchanged, compared to its average volume of 2,107,633. The stock has a market cap of $1.96 billion, a P/E ratio of 37.01, a P/E/G ratio of 1.26 and a beta of 1.67. DigitalBridge Group has a 52-week low of $6.41 and a 52-week high of $17.33. The firm's 50 day moving average is $10.73 and its 200 day moving average is $10.05.

DigitalBridge Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.36%. The ex-dividend date was Monday, June 30th. DigitalBridge Group's dividend payout ratio (DPR) is presently 13.33%.

Institutional Trading of DigitalBridge Group

Several institutional investors and hedge funds have recently modified their holdings of DBRG. Covestor Ltd raised its stake in DigitalBridge Group by 9.8% during the fourth quarter. Covestor Ltd now owns 11,752 shares of the company's stock worth $133,000 after purchasing an additional 1,049 shares during the period. Summit Investment Advisors Inc. raised its stake in DigitalBridge Group by 6.8% during the fourth quarter. Summit Investment Advisors Inc. now owns 16,631 shares of the company's stock worth $188,000 after purchasing an additional 1,056 shares during the period. Xponance Inc. raised its stake in DigitalBridge Group by 12.7% during the fourth quarter. Xponance Inc. now owns 11,725 shares of the company's stock worth $132,000 after purchasing an additional 1,321 shares during the period. Sunbelt Securities Inc. raised its stake in DigitalBridge Group by 109.9% during the fourth quarter. Sunbelt Securities Inc. now owns 2,796 shares of the company's stock worth $31,000 after purchasing an additional 1,464 shares during the period. Finally, Fulton Bank N.A. raised its stake in DigitalBridge Group by 5.2% during the first quarter. Fulton Bank N.A. now owns 35,194 shares of the company's stock worth $310,000 after purchasing an additional 1,752 shares during the period. Hedge funds and other institutional investors own 92.69% of the company's stock.

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.