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

DigitalBridge Group, Inc. (NYSE:DBRG - Get Free Report) has been given an average recommendation of "Buy" by the ten brokerages that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold recommendation, seven have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $16.28.

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

DigitalBridge Group Price Performance

Shares of NYSE:DBRG traded up $0.11 during trading on Friday, hitting $10.46. The company's stock had a trading volume of 3,081,616 shares, compared to its average volume of 2,645,741. The firm has a market cap of $1.84 billion, a price-to-earnings ratio of 34.87, a P/E/G ratio of 1.17 and a beta of 1.68. The company has a 50-day moving average of $10.11 and a 200-day moving average of $10.10. DigitalBridge Group has a 12 month low of $6.41 and a 12 month high of $17.33.

DigitalBridge Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be given a $0.01 dividend. The ex-dividend date is Monday, June 30th. This represents a $0.04 annualized dividend and a dividend yield of 0.38%. DigitalBridge Group's payout ratio is 13.33%.

Hedge Funds Weigh In On DigitalBridge Group

Hedge funds have recently made changes to their positions in the business. Lazard Asset Management LLC lifted its holdings in DigitalBridge Group by 384.5% in the 4th quarter. Lazard Asset Management LLC now owns 3,346,966 shares of the company's stock worth $37,753,000 after purchasing an additional 2,656,100 shares in the last quarter. Northern Trust Corp raised its position in shares of DigitalBridge Group by 1.8% during the fourth quarter. Northern Trust Corp now owns 1,522,539 shares of the company's stock valued at $17,174,000 after buying an additional 26,930 shares during the last quarter. Point72 Asset Management L.P. lifted its holdings in shares of DigitalBridge Group by 788.8% in the fourth quarter. Point72 Asset Management L.P. now owns 1,167,459 shares of the company's stock worth $13,169,000 after buying an additional 1,036,105 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of DigitalBridge Group by 17.7% during the fourth quarter. Ameriprise Financial Inc. now owns 662,109 shares of the company's stock worth $7,469,000 after acquiring an additional 99,520 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position 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 worth $34,186,000 after acquiring an additional 99,891 shares during the last quarter. 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.