DigitalBridge Group, Inc. (NYSE:DBRG) Given Average Rating of “Hold” by Analysts

Shares of DigitalBridge Group, Inc. (NYSE:DBRG) have received an average recommendation of “Hold” from the eleven ratings firms that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $16.2222.

Several research firms recently issued reports on DBRG. Royal Bank Of Canada downgraded shares of DigitalBridge Group from an “outperform” rating to a “sector perform” rating and dropped their price target for the stock from $23.00 to $16.00 in a research note on Tuesday, December 30th. B. Riley lowered DigitalBridge Group from a “buy” rating to a “hold” rating and dropped their target price for the stock from $20.00 to $16.00 in a research report on Tuesday, December 30th. Weiss Ratings reiterated a “sell (d+)” rating on shares of DigitalBridge Group in a research note on Wednesday, October 8th. Keefe, Bruyette & Woods raised their price objective on DigitalBridge Group from $13.50 to $16.00 and gave the company a “market perform” rating in a research note on Tuesday, December 30th. Finally, Citizens Jmp downgraded DigitalBridge Group from a “market outperform” rating to a “hold” rating and set a $16.00 price objective on the stock. in a report on Monday, December 29th.

DigitalBridge Group Stock Down 0.1%

Shares of NYSE:DBRG opened at $15.35 on Wednesday. DigitalBridge Group has a 52-week low of $6.41 and a 52-week high of $15.55. The company has a 50 day moving average of $12.48 and a two-hundred day moving average of $11.81. The company has a market capitalization of $2.80 billion, a price-to-earnings ratio of 255.79 and a beta of 1.69.

DigitalBridge Group (NYSE:DBRG) last posted its earnings results on Thursday, October 30th. The company reported $0.09 EPS for the quarter, hitting analysts’ consensus estimates of $0.09. The firm had revenue of $3.82 million for the quarter, compared to analyst estimates of $96.45 million. The company’s revenue for the quarter was up 21.6% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.01) earnings per share. On average, equities analysts anticipate that DigitalBridge Group will post 0.17 earnings per share for the current year.

DigitalBridge Group Announces Dividend

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. CWM LLC raised its holdings in shares of DigitalBridge Group by 2.5% during the third quarter. CWM LLC now owns 31,239 shares of the company’s stock valued at $365,000 after buying an additional 755 shares during the last quarter. Teacher Retirement System of Texas increased its position in DigitalBridge Group by 4.1% in the 2nd quarter. Teacher Retirement System of Texas now owns 26,468 shares of the company’s stock valued at $274,000 after acquiring an additional 1,031 shares during the period. Stoneridge Investment Partners LLC raised its stake in DigitalBridge Group by 7.9% during the 3rd quarter. Stoneridge Investment Partners LLC now owns 14,153 shares of the company’s stock valued at $166,000 after acquiring an additional 1,037 shares in the last quarter. Cetera Trust Company N.A boosted its position in DigitalBridge Group by 6.2% during the 2nd quarter. Cetera Trust Company N.A now owns 21,075 shares of the company’s stock worth $218,000 after acquiring an additional 1,225 shares during the period. Finally, Arizona State Retirement System boosted its position in DigitalBridge Group by 2.4% during the 3rd quarter. Arizona State Retirement System now owns 52,115 shares of the company’s stock worth $610,000 after acquiring an additional 1,244 shares during the period. 92.69% of the stock is owned by institutional investors and hedge funds.

About DigitalBridge Group

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.