DigitalBridge Group (NYSE:DBRG) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of DigitalBridge Group (NYSE:DBRG) from a sell rating to a hold rating in a report issued on Friday morning.

A number of other research firms also recently issued reports on DBRG. JMP Securities reiterated a “market outperform” rating and set a $16.00 price target on shares of DigitalBridge Group in a research report on Friday, May 16th. Keefe, Bruyette & Woods reduced their price target on shares of DigitalBridge Group from $13.50 to $10.50 and set a “market perform” rating for the company in a research report on Tuesday, May 6th. Finally, Truist Financial lifted their price target on shares of DigitalBridge Group from $13.00 to $15.00 and gave the company a “buy” rating in a research report on Tuesday, June 3rd. Two analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, DigitalBridge Group has a consensus rating of “Buy” and a consensus target price of $16.28.

DigitalBridge Group Trading Up 0.8%

DBRG stock opened at $10.28 on Friday. The firm has a 50 day moving average of $10.02 and a 200-day moving average of $10.14. DigitalBridge Group has a 12-month low of $6.41 and a 12-month high of $17.33. The company has a market cap of $1.81 billion, a price-to-earnings ratio of 34.27, a PEG ratio of 1.16 and a beta of 1.72.

DigitalBridge Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be paid a dividend of $0.01 per share. The ex-dividend date is Monday, June 30th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.39%. DigitalBridge Group’s dividend payout ratio (DPR) is 13.33%.

Institutional Trading of DigitalBridge Group

Several hedge funds and other institutional investors have recently bought and sold shares of DBRG. New York State Common Retirement Fund grew its stake in DigitalBridge Group by 36.4% in the 4th quarter. New York State Common Retirement Fund now owns 437,113 shares of the company’s stock worth $4,931,000 after acquiring an additional 116,610 shares during the period. Jones Financial Companies Lllp grew its stake in DigitalBridge Group by 41.5% in the 4th quarter. Jones Financial Companies Lllp now owns 11,316 shares of the company’s stock worth $128,000 after acquiring an additional 3,316 shares during the period. Charles Schwab Investment Management Inc. grew its stake in DigitalBridge Group by 3.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,030,657 shares of the company’s stock worth $34,186,000 after acquiring an additional 99,891 shares during the period. Atria Investments Inc grew its stake in DigitalBridge Group by 29.3% in the 4th quarter. Atria Investments Inc now owns 17,550 shares of the company’s stock worth $198,000 after acquiring an additional 3,981 shares during the period. Finally, New South Capital Management Inc. grew its stake in DigitalBridge Group by 2.9% in the 4th quarter. New South Capital Management Inc. now owns 4,055,232 shares of the company’s stock worth $45,743,000 after acquiring an additional 115,029 shares during the period. 92.69% of the stock is owned by hedge funds and other 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.