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

DigitalBridge Group, Inc. (NYSE:DBRG) has been given an average rating of “Hold” by the nine research firms that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $16.00.

DBRG has been the topic of several recent analyst reports. Zacks Research raised DigitalBridge Group from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 5th. TD Cowen lowered DigitalBridge Group from a “buy” rating to a “hold” rating and set a $16.00 target price on the stock. in a research report on Tuesday, December 30th. B. Riley Financial cut shares of DigitalBridge Group from a “buy” rating to a “hold” rating and cut their price objective for the stock from $20.00 to $16.00 in a report on Tuesday, December 30th. Weiss Ratings raised shares of DigitalBridge Group from a “sell (d+)” rating to a “hold (c)” rating in a research report on Monday. Finally, Royal Bank Of Canada cut shares of DigitalBridge Group from an “outperform” rating to a “sector perform” rating and reduced their price target for the company from $23.00 to $16.00 in a research report on Tuesday, December 30th.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in DBRG. Norges Bank purchased a new position in DigitalBridge Group during the 2nd quarter worth $1,868,000. Azora Capital LP acquired a new stake in shares of DigitalBridge Group during the second quarter worth about $23,579,000. Gateway Wealth Partners LLC purchased a new position in shares of DigitalBridge Group during the third quarter worth about $5,483,000. Sarasin & Partners LLP purchased a new position in shares of DigitalBridge Group during the third quarter worth about $1,886,000. Finally, Aberdeen Group plc acquired a new position in DigitalBridge Group in the 3rd quarter valued at about $3,220,000. Hedge funds and other institutional investors own 92.69% of the company’s stock.

DigitalBridge Group Trading Down 0.1%

Shares of NYSE:DBRG opened at $15.44 on Thursday. DigitalBridge Group has a 52 week low of $6.41 and a 52 week high of $15.55. The company’s 50 day moving average is $15.32 and its two-hundred day moving average is $12.98. The company has a market cap of $2.82 billion, a PE ratio of 34.31 and a beta of 1.67.

DigitalBridge Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Tuesday, March 31st. DigitalBridge Group’s payout ratio is presently 8.89%.

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.