DigitalBridge Group (NYSE:DBRG) Rating Increased to Hold at Wall Street Zen

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

Several other research firms have also recently commented on DBRG. Truist Financial boosted their price target on DigitalBridge Group from $13.00 to $15.00 and gave the stock a "buy" rating in a research note on Tuesday, June 3rd. Keefe, Bruyette & Woods cut their price target on DigitalBridge Group from $13.50 to $10.50 and set a "market perform" rating on the stock in a research note on Tuesday, May 6th. Finally, JMP Securities reiterated a "market outperform" rating and issued a $16.00 price target on shares of DigitalBridge Group in a research note on Friday, May 16th. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Buy" and an average price target of $16.28.

DigitalBridge Group Trading Up 1.0%

Shares of DBRG traded up $0.10 during midday trading on Friday, reaching $10.37. 2,793,550 shares of the company were exchanged, compared to its average volume of 2,640,400. The stock has a 50-day moving average price of $10.02 and a 200-day moving average price of $10.11. The company has a market cap of $1.83 billion, a price-to-earnings ratio of 27.03, a P/E/G ratio of 1.17 and a beta of 1.72. DigitalBridge Group has a 1-year low of $6.41 and a 1-year high of $17.33.

DigitalBridge Group Announces Dividend

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

Institutional Trading of DigitalBridge Group

Several hedge funds and other institutional investors have recently bought and sold shares of DBRG. Frontier Capital Management Co. LLC grew its holdings in shares of DigitalBridge Group by 28.0% during the fourth quarter. Frontier Capital Management Co. LLC now owns 5,575,225 shares of the company's stock valued at $62,889,000 after purchasing an additional 1,218,901 shares during the last quarter. Horizon Kinetics Asset Management LLC grew its holdings in shares of DigitalBridge Group by 868.9% during the fourth quarter. Horizon Kinetics Asset Management LLC now owns 4,483,340 shares of the company's stock valued at $50,572,000 after purchasing an additional 4,020,627 shares during the last quarter. New South Capital Management Inc. grew its holdings in shares of DigitalBridge Group by 2.9% during the fourth quarter. New South Capital Management Inc. now owns 4,055,232 shares of the company's stock valued at $45,743,000 after purchasing an additional 115,029 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of DigitalBridge Group by 16.4% during the first quarter. Massachusetts Financial Services Co. MA now owns 4,029,913 shares of the company's stock valued at $35,544,000 after purchasing an additional 567,170 shares during the last quarter. Finally, Brown Advisory Inc. grew its holdings in shares of DigitalBridge Group by 0.9% during the first quarter. Brown Advisory Inc. now owns 3,692,895 shares of the company's stock valued at $32,571,000 after purchasing an additional 33,960 shares during the last quarter. 92.69% of the stock is owned by institutional investors.

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.