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

Key Points

• DigitalBridge Group, Inc. has received a consensus rating of "Buy" from analysts, with one hold, five buy, and two strong buy recommendations.
• The average target price for DBRG shares among analysts is $16.14, with recent adjustments from firms like Truist Financial increasing it from $15.00 to $16.00.
• The company's quarterly dividend of $0.01 per share will be paid on October 15th, resulting in an annualized yield of 0.4% and highlighting the current payout ratio of -100.00%.

Shares of DigitalBridge Group, Inc. (NYSE:DBRG - Get Free Report) have earned a consensus rating of "Buy" from the eight ratings firms that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, five have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $16.1429.

A number of research analysts recently issued reports on DBRG shares. Keefe, Bruyette & Woods lifted their price target on DigitalBridge Group from $10.50 to $11.00 and gave the company a "market perform" rating in a report on Tuesday, August 12th. Truist Financial boosted their target price on shares of DigitalBridge Group from $15.00 to $16.00 and gave the stock a "buy" rating in a research note on Wednesday, August 20th. JMP Securities restated a "market outperform" rating and issued a $16.00 price objective on shares of DigitalBridge Group in a research report on Friday, May 16th. Finally, Wall Street Zen upgraded shares of DigitalBridge Group from a "sell" rating to a "hold" rating in a research report on Friday, September 5th.

DigitalBridge Group Stock Performance

Shares of DBRG opened at $11.17 on Thursday. The stock has a fifty day moving average price of $10.95 and a two-hundred day moving average price of $10.09. DigitalBridge Group has a 52-week low of $6.41 and a 52-week high of $17.33. The company has a market cap of $2.03 billion, a price-to-earnings ratio of -279.13 and a beta of 1.63.

DigitalBridge Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be given a dividend of $0.01 per share. The ex-dividend date is Tuesday, September 30th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.4%. DigitalBridge Group's payout ratio is presently -100.00%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in DBRG. Sunbelt Securities Inc. lifted its position in DigitalBridge Group by 109.9% during the 4th quarter. Sunbelt Securities Inc. now owns 2,796 shares of the company's stock valued at $31,000 after purchasing an additional 1,464 shares during the period. Point72 Hong Kong Ltd acquired a new position in DigitalBridge Group in the fourth quarter valued at approximately $39,000. GAMMA Investing LLC lifted its holdings in DigitalBridge Group by 978.9% in the first quarter. GAMMA Investing LLC now owns 4,445 shares of the company's stock valued at $39,000 after buying an additional 4,033 shares during the period. Spire Wealth Management lifted its holdings in DigitalBridge Group by 91.1% in the first quarter. Spire Wealth Management now owns 6,208 shares of the company's stock valued at $55,000 after buying an additional 2,960 shares during the period. Finally, US Bancorp DE lifted its holdings in DigitalBridge Group by 187.3% in the first quarter. US Bancorp DE now owns 6,265 shares of the company's stock valued at $55,000 after buying an additional 4,084 shares during the period. 92.69% of the stock is currently 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.

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