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

DigitalBridge Group, Inc. (NYSE:DBRG - Get Free Report) has received an average rating of "Buy" from the ten ratings firms that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $16.28.

A number of equities analysts recently commented on the stock. JMP Securities reiterated a "market outperform" rating and set a $16.00 target price on shares of DigitalBridge Group in a research note on Friday, May 16th. Truist Financial lifted their price target on DigitalBridge Group from $13.00 to $15.00 and gave the stock a "buy" rating in a report on Tuesday, June 3rd. Wall Street Zen upgraded DigitalBridge Group from a "sell" rating to a "hold" rating in a report on Friday. Finally, Keefe, Bruyette & Woods cut their target price on DigitalBridge Group from $13.50 to $10.50 and set a "market perform" rating on the stock in a research report on Tuesday, May 6th.

Institutional Investors Weigh In On DigitalBridge Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sunbelt Securities Inc. grew its position in shares of 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 acquiring an additional 1,464 shares during the last quarter. Point72 Hong Kong Ltd acquired a new stake in DigitalBridge Group during the 4th quarter worth $39,000. GAMMA Investing LLC grew its position in DigitalBridge Group by 978.9% during the 1st quarter. GAMMA Investing LLC now owns 4,445 shares of the company's stock worth $39,000 after purchasing an additional 4,033 shares during the last quarter. Spire Wealth Management increased its stake 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 purchasing an additional 2,960 shares during the period. Finally, US Bancorp DE increased its stake 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 purchasing an additional 4,084 shares during the period. Hedge funds and other institutional investors own 92.69% of the company's stock.

DigitalBridge Group Stock Up 0.8%

Shares of NYSE:DBRG opened at $10.28 on Friday. DigitalBridge Group has a fifty-two week low of $6.41 and a fifty-two week high of $17.33. The firm's 50 day moving average price is $10.02 and its 200 day moving average price is $10.14. The stock has a market cap of $1.81 billion, a price-to-earnings ratio of 34.27, a price-to-earnings-growth ratio of 1.16 and a beta of 1.72.

DigitalBridge Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be paid a dividend of $0.01 per share. The ex-dividend date is Monday, June 30th. This represents a $0.04 dividend on an annualized basis and a yield of 0.39%. DigitalBridge Group's dividend payout ratio is presently 13.33%.

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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