DigitalBridge Group, Inc. (NYSE:DBRG) Receives Average Recommendation of "Buy" from Analysts

Shares of DigitalBridge Group, Inc. (NYSE:DBRG - Get Free Report) have been assigned a consensus rating of "Buy" from the five brokerages that are currently covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $22.08.

Separately, Truist Financial boosted their price objective on DigitalBridge Group from $20.00 to $22.00 and gave the stock a "buy" rating in a research note on Tuesday.

DigitalBridge Group Stock Down 2.7 %

Shares of NYSE:DBRG traded down $0.48 during midday trading on Tuesday, reaching $17.70. The company's stock had a trading volume of 1,458,466 shares, compared to its average volume of 2,059,430. DigitalBridge Group has a 1 year low of $10.20 and a 1 year high of $20.99. The firm has a market cap of $2.89 billion, a price-to-earnings ratio of 36.11 and a beta of 1.91. The business has a 50 day moving average price of $18.78 and a 200 day moving average price of $17.71.

DigitalBridge Group (NYSE:DBRG - Get Free Report) last issued its earnings results on Tuesday, February 20th. The company reported $0.04 earnings per share for the quarter, beating analysts' consensus estimates of ($0.02) by $0.06. DigitalBridge Group had a return on equity of 2.39% and a net margin of 12.33%. The firm had revenue of $350.31 million for the quarter, compared to analysts' expectations of $287.41 million. Sell-side analysts anticipate that DigitalBridge Group will post -0.14 earnings per share for the current fiscal year.

DigitalBridge Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Sunday, March 31st were paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.23%. The ex-dividend date was Wednesday, March 27th. DigitalBridge Group's dividend payout ratio (DPR) is 8.16%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. New York State Common Retirement Fund lifted its stake in shares of DigitalBridge Group by 0.3% in the fourth quarter. New York State Common Retirement Fund now owns 151,149 shares of the company's stock worth $2,651,000 after acquiring an additional 514 shares in the last quarter. Stifel Financial Corp lifted its stake in shares of DigitalBridge Group by 0.9% in the fourth quarter. Stifel Financial Corp now owns 59,297 shares of the company's stock worth $1,040,000 after acquiring an additional 538 shares in the last quarter. Arizona State Retirement System lifted its stake in shares of DigitalBridge Group by 1.5% in the third quarter. Arizona State Retirement System now owns 46,093 shares of the company's stock worth $810,000 after acquiring an additional 694 shares in the last quarter. Strs Ohio lifted its stake in shares of DigitalBridge Group by 2.1% in the third quarter. Strs Ohio now owns 34,200 shares of the company's stock worth $601,000 after acquiring an additional 700 shares in the last quarter. Finally, Independent Advisor Alliance increased its holdings in DigitalBridge Group by 4.5% in the third quarter. Independent Advisor Alliance now owns 17,076 shares of the company's stock valued at $300,000 after buying an additional 734 shares during the last quarter. Institutional investors and hedge funds 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.