DigitalBridge Group, Inc. (NYSE:DBRG) Short Interest Update

Key Points

• Short interest dropped by 21.7% in April to 14,519,492 shares (about 8.2% of shares short), with a days-to-cover ratio of 5.8 based on average volume.
• Street analysts have a consensus rating of Hold and a consensus price target of $16.00 (1 Buy, 7 Hold, 1 Sell), with several firms recently adjusting ratings or targets.
• DBRG trades near its 52‑week high (opened $15.58; range $8.08–$15.65), has a market cap of about $2.85B and a PE of ~34.6, pays a small quarterly dividend ($0.01, ~0.3% yield), and institutional investors own roughly 92.7% of the stock.

DigitalBridge Group, Inc. (NYSE:DBRG - Get Free Report) saw a large decrease in short interest during the month of April. As of April 15th, there was short interest totaling 14,519,492 shares, a decrease of 21.7% from the March 31st total of 18,544,212 shares. Currently, 8.2% of the company's shares are short sold. Based on an average trading volume of 2,498,062 shares, the days-to-cover ratio is currently 5.8 days.

Wall Street Analysts Forecast Growth

DBRG has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods upped their price target on DigitalBridge Group from $13.50 to $16.00 and gave the company a "market perform" rating in a research note on Tuesday, December 30th. Weiss Ratings raised DigitalBridge Group from a "sell (d+)" rating to a "hold (c)" rating in a research note on Monday, March 2nd. Truist Financial initiated coverage on DigitalBridge Group in a research note on Tuesday, March 31st. They issued a "buy" rating and a $16.00 price target for the company. Royal Bank Of Canada cut DigitalBridge Group from an "outperform" rating to a "sector perform" rating and lowered their price target for the company from $23.00 to $16.00 in a research note on Tuesday, December 30th. Finally, TD Cowen lowered DigitalBridge Group from a "buy" rating to a "hold" rating and set a $16.00 target price on the stock. in a report on Tuesday, December 30th. One research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $16.00.

Hedge Funds Weigh In On DigitalBridge Group

Institutional investors have recently modified their holdings of the business. Steward Partners Investment Advisory LLC lifted its holdings in shares of DigitalBridge Group by 305.5% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,760 shares of the company's stock valued at $27,000 after purchasing an additional 1,326 shares in the last quarter. Beaird Harris Wealth Management LLC bought a new position in shares of DigitalBridge Group during the 4th quarter valued at about $31,000. Atlantic Union Bankshares Corp acquired a new stake in DigitalBridge Group in the 4th quarter valued at approximately $31,000. Quarry LP raised its position in DigitalBridge Group by 1,467.2% in the 4th quarter. Quarry LP now owns 2,053 shares of the company's stock valued at $31,000 after buying an additional 1,922 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in DigitalBridge Group in the 4th quarter valued at approximately $43,000. Institutional investors own 92.69% of the company's stock.

DigitalBridge Group Price Performance

NYSE:DBRG opened at $15.58 on Wednesday. DigitalBridge Group has a fifty-two week low of $8.08 and a fifty-two week high of $15.65. The stock has a market capitalization of $2.85 billion, a PE ratio of 34.63 and a beta of 1.61. The business's 50-day simple moving average is $15.46 and its 200-day simple moving average is $14.04.

DigitalBridge Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Tuesday, March 31st. DigitalBridge Group's payout ratio is 8.89%.

DigitalBridge Group Company Profile

DigitalBridge Group, Inc NYSE: DBRG is a specialized global investment firm focused exclusively on digital infrastructure. The company originates, acquires, and manages a diversified portfolio of businesses that support the digital economy, including data centers, cell towers, small cells, fiber networks, edge infrastructure and related services. DigitalBridge seeks to generate sustainable, long-term returns for its investors by deploying capital into high-growth sectors driven by increasing data consumption, 5G deployment and cloud adoption.

Through its dedicated investment platforms, DigitalBridge provides equity and debt financing solutions to operators and owners of digital infrastructure assets.

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