DigitalBridge Group (NYSE:DBRG) Price Target Lowered to $18.00 at JPMorgan Chase & Co.

DigitalBridge Group (NYSE:DBRG) had its price objective decreased by JPMorgan Chase & Co. from $20.00 to $18.00 in a report issued on Tuesday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

A number of other analysts have also recently weighed in on the stock. Raymond James reduced their price objective on shares of DigitalBridge Group from $19.00 to $16.00 and set a “strong-buy” rating for the company in a research note on Tuesday, November 5th. Wells Fargo & Company reduced their price objective on shares of DigitalBridge Group from $18.00 to $16.00 and set an “overweight” rating for the company in a research note on Monday, November 4th. Truist Financial reduced their price objective on shares of DigitalBridge Group from $17.00 to $15.00 and set a “buy” rating for the company in a research note on Wednesday, December 11th. B. Riley reduced their price objective on shares of DigitalBridge Group from $24.00 to $20.00 and set a “buy” rating for the company in a research note on Tuesday, January 7th. Finally, Keefe, Bruyette & Woods cut shares of DigitalBridge Group from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $17.75 to $14.00 in a research note on Wednesday, November 6th. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $16.75.

DigitalBridge Group Stock Up 4.7 %

NYSE DBRG opened at $11.82 on Tuesday. The stock has a market capitalization of $2.06 billion, a PE ratio of 16.18, a price-to-earnings-growth ratio of 3.05 and a beta of 1.91. The company has a 50 day moving average price of $11.82 and a two-hundred day moving average price of $13.09. DigitalBridge Group has a 12-month low of $10.25 and a 12-month high of $20.99.

DigitalBridge Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.34%. The ex-dividend date of this dividend was Tuesday, December 31st. DigitalBridge Group’s payout ratio is 5.48%.

Institutional Investors Weigh In On DigitalBridge Group

Several large investors have recently made changes to their positions in the company. Commonwealth Equity Services LLC lifted its position in DigitalBridge Group by 28.1% during the 2nd quarter. Commonwealth Equity Services LLC now owns 20,760 shares of the company’s stock worth $284,000 after buying an additional 4,560 shares in the last quarter. Victory Capital Management Inc. lifted its position in DigitalBridge Group by 4.1% during the 2nd quarter. Victory Capital Management Inc. now owns 22,165 shares of the company’s stock valued at $304,000 after purchasing an additional 870 shares during the period. American Century Companies Inc. lifted its position in DigitalBridge Group by 65.9% during the 2nd quarter. American Century Companies Inc. now owns 79,368 shares of the company’s stock valued at $1,087,000 after purchasing an additional 31,530 shares during the period. Federated Hermes Inc. lifted its position in DigitalBridge Group by 944.8% during the 2nd quarter. Federated Hermes Inc. now owns 10,166 shares of the company’s stock valued at $139,000 after purchasing an additional 9,193 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in DigitalBridge Group by 54.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,686,145 shares of the company’s stock valued at $36,797,000 after purchasing an additional 952,408 shares during the period. Institutional investors own 92.69% of the company’s stock.

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.