DigitalBridge Group (NYSE:DBRG) Stock Rating Lowered by Wall Street Zen

Wall Street Zen lowered shares of DigitalBridge Group (NYSE:DBRG - Free Report) from a hold rating to a sell rating in a research report released on Saturday morning.

Other equities research analysts have also recently issued reports about the company. JMP Securities restated a "market outperform" rating and issued a $16.00 price objective on shares of DigitalBridge Group in a research note on Friday, May 16th. Truist Financial upped their price target on DigitalBridge Group from $13.00 to $15.00 and gave the company a "buy" rating in a research report on Tuesday, June 3rd. Finally, Keefe, Bruyette & Woods decreased their price target 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. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, six have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $15.94.

DigitalBridge Group Stock Performance

DBRG traded down $0.10 during mid-day trading on Friday, reaching $10.68. 887,791 shares of the stock were exchanged, compared to its average volume of 2,652,298. The stock has a market capitalization of $1.88 billion, a PE ratio of 35.62, a price-to-earnings-growth ratio of 1.23 and a beta of 1.67. The company has a 50 day moving average price of $10.45 and a two-hundred day moving average price of $10.05. DigitalBridge Group has a 1 year low of $6.41 and a 1 year high of $17.33.

DigitalBridge Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.37%. The ex-dividend date is Monday, June 30th. DigitalBridge Group's dividend payout ratio is currently 13.33%.

Hedge Funds Weigh In On DigitalBridge Group

Several large investors have recently modified their holdings of the stock. Sunbelt Securities Inc. grew its position in shares of DigitalBridge Group by 109.9% during the 4th quarter. Sunbelt Securities Inc. now owns 2,796 shares of the company's stock worth $31,000 after buying an additional 1,464 shares in the last quarter. Point72 Hong Kong Ltd bought a new position in shares of DigitalBridge Group during the 4th quarter worth $39,000. GAMMA Investing LLC grew its position in shares of 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 buying an additional 4,033 shares in the last quarter. Spire Wealth Management grew its position in shares of DigitalBridge Group by 91.1% during the 1st quarter. Spire Wealth Management now owns 6,208 shares of the company's stock worth $55,000 after buying an additional 2,960 shares in the last quarter. Finally, US Bancorp DE boosted its position in DigitalBridge Group by 187.3% during 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 in 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.