DigitalBridge Group, Inc. (NYSE:DBRG) Receives Consensus Recommendation of “Hold” from Analysts

Shares of DigitalBridge Group, Inc. (NYSE:DBRG) have been given a consensus recommendation of “Hold” by the nine research firms that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $16.00.

A number of equities research analysts have weighed in on DBRG shares. Weiss Ratings reiterated a “hold (c)” rating on shares of DigitalBridge Group in a report on Friday, May 29th. Truist Financial started coverage on shares of DigitalBridge Group in a research report on Tuesday, March 31st. They set a “buy” rating and a $16.00 target price for the company.

Institutional Trading of DigitalBridge Group

Several institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of DigitalBridge Group by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 17,351,817 shares of the company’s stock valued at $266,177,000 after buying an additional 116,360 shares during the period. Pentwater Capital Management LP purchased a new stake in DigitalBridge Group in the 4th quarter worth about $176,410,000. Kryger Capital LLC bought a new stake in DigitalBridge Group in the 1st quarter valued at about $102,736,000. Portolan Capital Management LLC raised its stake in 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. Finally, KRYGER CAPITAL Ltd purchased a new stake in DigitalBridge Group during the fourth quarter valued at about $75,234,000. 92.69% of the stock is owned by hedge funds and other institutional investors.

DigitalBridge Group Trading Down 0.0%

Shares of DBRG opened at $15.78 on Wednesday. The firm’s fifty day simple moving average is $15.69 and its two-hundred day simple moving average is $15.42. DigitalBridge Group has a 12 month low of $8.94 and a 12 month high of $15.82. The stock has a market capitalization of $2.88 billion, a P/E ratio of 32.19 and a beta of 1.46.

DigitalBridge Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be paid a dividend of $0.01 per share. The ex-dividend date is Tuesday, June 30th. This represents a $0.04 dividend on an annualized basis and a yield of 0.3%. DigitalBridge Group’s payout ratio is 8.16%.

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.