DigitalBridge Group (NYSE:DBRG) Reaches New 1-Year High - Should You Buy?

Key Points

• DigitalBridge shares reached a new 52-week high, trading as high as $15.95 and last changing hands near $15.92. The company has a market capitalization of approximately $2.98 billion.
• Weiss Ratings upgraded the stock from “hold” to “buy,” but broader analyst sentiment remains “Hold,” with a consensus price target of $16.00.
• DigitalBridge declared a quarterly dividend of $0.01 per share, equivalent to $0.04 annually and a 0.3% yield. Institutional investors own approximately 92.69% of the company.

Shares of DigitalBridge Group, Inc. (NYSE:DBRG - Get Free Report) hit a new 52-week high on Monday . The stock traded as high as $15.95 and last traded at $15.9150, with a volume of 1540253 shares traded. The stock had previously closed at $15.92.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded DigitalBridge Group from a "hold (c)" rating to a "buy (b-)" rating in a report on Thursday, August 6th. Two investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $16.00.

DigitalBridge Group Price Performance

The stock has a 50-day moving average price of $15.80 and a 200-day moving average price of $15.61. The company has a market capitalization of $2.98 billion, a P/E ratio of 10.33 and a beta of 1.47.

DigitalBridge Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Wednesday, September 30th. DigitalBridge Group's dividend payout ratio is currently 2.60%.

Institutional Trading of DigitalBridge Group

Large investors have recently bought and sold shares of the business. Steward Partners Investment Advisory LLC grew its stake in shares of DigitalBridge Group by 305.5% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,760 shares of the company's stock valued at $27,000 after buying an additional 1,326 shares during the period. Parallel Advisors LLC lifted its position in shares of DigitalBridge Group by 70.4% during the first quarter. Parallel Advisors LLC now owns 1,891 shares of the company's stock valued at $29,000 after purchasing an additional 781 shares in the last quarter. Atlantic Union Bankshares Corp purchased a new position in shares of DigitalBridge Group in the 4th quarter worth approximately $31,000. Beaird Harris Wealth Management LLC purchased a new position in DigitalBridge Group in the fourth quarter worth $31,000. Finally, Quarry LP boosted its holdings in shares of DigitalBridge Group by 1,467.2% in the 4th quarter. Quarry LP now owns 2,053 shares of the company's stock worth $31,000 after buying an additional 1,922 shares during the last quarter. 92.69% of the stock is currently owned by institutional investors and hedge funds.

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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