DigitalBridge Group, Inc. (NYSE:DBRG) Receives Average Rating of “Hold” from Brokerages

Shares of DigitalBridge Group, Inc. (NYSE:DBRG) have earned an average rating of “Hold” from the nine analysts that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $16.00.

Several research firms have weighed in on DBRG. Weiss Ratings upgraded DigitalBridge Group from a “sell (d+)” rating to a “hold (c)” rating in a report on Monday, March 2nd. Raymond James Financial cut DigitalBridge Group from a “strong-buy” rating to an “underperform” rating in a research note on Tuesday, January 27th. Royal Bank Of Canada downgraded DigitalBridge Group from an “outperform” rating to a “sector perform” rating and decreased their target price for the company from $23.00 to $16.00 in a report on Tuesday, December 30th. Citizens Jmp lowered DigitalBridge Group from a “market outperform” rating to a “hold” rating and set a $16.00 price target for the company. in a research note on Monday, December 29th. Finally, B. Riley Financial cut shares of DigitalBridge Group from a “buy” rating to a “hold” rating and cut their price target for the company from $20.00 to $16.00 in a report on Tuesday, December 30th.

Hedge Funds Weigh In On DigitalBridge Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. Steward Partners Investment Advisory LLC raised its stake in DigitalBridge Group by 305.5% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,760 shares of the company’s stock worth $27,000 after buying an additional 1,326 shares in the last quarter. Atlantic Union Bankshares Corp purchased a new stake in DigitalBridge Group in the fourth quarter worth about $31,000. Beaird Harris Wealth Management LLC bought a new stake in DigitalBridge Group during the 4th quarter valued at approximately $31,000. Quarry LP boosted its position in DigitalBridge Group by 1,467.2% during the 4th quarter. Quarry LP now owns 2,053 shares of the company’s stock valued at $31,000 after acquiring an additional 1,922 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of DigitalBridge Group during the 4th quarter worth approximately $43,000. Hedge funds and other institutional investors own 92.69% of the company’s stock.

DigitalBridge Group Price Performance

NYSE DBRG opened at $15.38 on Monday. DigitalBridge Group has a 1 year low of $6.41 and a 1 year high of $15.55. The stock has a market capitalization of $2.81 billion, a PE ratio of 34.17 and a beta of 1.67. The business’s 50-day moving average is $15.40 and its 200 day moving average is $13.48.

DigitalBridge Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be given 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 dividend payout ratio (DPR) is currently 8.89%.

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.