DigitalBridge Group, Inc. (NYSE:DBRG) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of DigitalBridge Group, Inc. (NYSE:DBRG) have received an average recommendation of “Moderate Buy” from the eleven brokerages that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, two have given a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $17.6875.

A number of analysts have issued reports on the company. TD Cowen raised their target price on DigitalBridge Group from $19.00 to $20.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Keefe, Bruyette & Woods raised their price objective on shares of DigitalBridge Group from $11.00 to $12.50 and gave the stock a “market perform” rating in a research report on Monday, November 3rd. Wall Street Zen raised shares of DigitalBridge Group from a “sell” rating to a “hold” rating in a research note on Saturday, September 13th. Zacks Research raised shares of DigitalBridge Group from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 5th. Finally, Royal Bank Of Canada raised their price target on shares of DigitalBridge Group from $19.00 to $23.00 and gave the stock an “outperform” rating in a report on Monday, December 8th.

DigitalBridge Group Price Performance

DBRG opened at $13.17 on Friday. The firm has a market capitalization of $2.41 billion, a price-to-earnings ratio of 219.55 and a beta of 1.77. The company’s 50 day simple moving average is $11.70 and its two-hundred day simple moving average is $11.28. DigitalBridge Group has a 1-year low of $6.41 and a 1-year high of $15.55.

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

DigitalBridge Group Dividend Announcement

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

Hedge Funds Weigh In On DigitalBridge Group

A number of hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in DigitalBridge Group by 0.9% in the 3rd quarter. Vanguard Group Inc. now owns 17,235,457 shares of the company’s stock valued at $201,655,000 after buying an additional 158,479 shares during the period. Frontier Capital Management Co. LLC increased its position in shares of DigitalBridge Group by 29.8% during the second quarter. Frontier Capital Management Co. LLC now owns 5,669,342 shares of the company’s stock valued at $58,678,000 after acquiring an additional 1,302,150 shares during the last quarter. Portolan Capital Management LLC raised its stake in shares of DigitalBridge Group by 77.4% in the 3rd quarter. Portolan Capital Management LLC now owns 5,468,226 shares of the company’s stock valued at $63,978,000 after acquiring an additional 2,386,066 shares during the period. Invesco Ltd. lifted its holdings in shares of DigitalBridge Group by 5.5% in the 3rd quarter. Invesco Ltd. now owns 4,049,310 shares of the company’s stock worth $47,377,000 after acquiring an additional 212,361 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of DigitalBridge Group by 5.5% during the 2nd quarter. Geode Capital Management LLC now owns 3,908,311 shares of the company’s stock worth $40,456,000 after purchasing an additional 204,770 shares during the period. 92.69% of the stock is currently owned by hedge funds and other institutional investors.

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.