DigitalBridge Group Sees Unusually Large Options Volume (NYSE:DBRG)

DigitalBridge Group, Inc. (NYSE:DBRG) was the target of unusually large options trading activity on Friday. Traders bought 12,877 call options on the stock. This represents an increase of 161% compared to the typical volume of 4,935 call options.

Wall Street Analyst Weigh In

DBRG has been the topic of several recent research reports. TD Cowen upped their price objective on shares of DigitalBridge Group from $19.00 to $20.00 and gave the company a “buy” rating in a report on Friday, October 31st. Truist Financial lifted their price target on DigitalBridge Group from $15.00 to $16.00 and gave the stock a “buy” rating in a research note on Wednesday, August 20th. Keefe, Bruyette & Woods lifted their target price on shares of DigitalBridge Group from $11.00 to $12.50 and gave the stock a “market perform” rating in a research note on Monday, November 3rd. Zacks Research upgraded DigitalBridge Group from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 5th. Finally, B. Riley upgraded DigitalBridge Group to a “strong-buy” rating in a research note on Thursday, October 30th. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, DigitalBridge Group presently has an average rating of “Moderate Buy” and a consensus price target of $16.93.

DigitalBridge Group Stock Up 46.0%

Shares of DigitalBridge Group stock opened at $14.20 on Friday. The firm’s 50 day moving average is $11.22 and its two-hundred day moving average is $11.07. The firm has a market capitalization of $2.59 billion, a P/E ratio of 236.64 and a beta of 1.77. DigitalBridge Group has a 52 week low of $6.41 and a 52 week high of $14.84.

DigitalBridge Group (NYSE:DBRG) last posted its quarterly earnings data on Thursday, March 21st. The company reported ($0.07) EPS for the quarter. The company had revenue of $232.83 million for the quarter. DigitalBridge Group had a net margin of 18.57% and a return on equity of 4.78%. As a group, research analysts expect that DigitalBridge Group will post 0.17 earnings per share for the current fiscal year.

DigitalBridge Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Wednesday, December 31st. DigitalBridge Group’s payout ratio is 66.67%.

Hedge Funds Weigh In On DigitalBridge Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. US Bancorp DE boosted its position in shares of DigitalBridge Group by 187.3% during the 1st 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. State of Alaska Department of Revenue purchased a new position in DigitalBridge Group in the third quarter valued at about $84,000. Headlands Technologies LLC increased its holdings in DigitalBridge Group by 200.5% in the first quarter. Headlands Technologies LLC now owns 8,774 shares of the company’s stock worth $77,000 after buying an additional 5,854 shares during the last quarter. NEOS Investment Management LLC bought a new position in shares of DigitalBridge Group during the 3rd quarter valued at $117,000. Finally, NCM Capital Management LLC bought a new position in DigitalBridge Group during the first quarter valued at about $92,000. 92.69% of the stock is owned by institutional investors.

About DigitalBridge Group

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.