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

Shares of DigitalBridge Group, Inc. (NYSE:DBRG) have been given an average rating of “Buy” by the seven brokerages that are covering the company, Marketbeat Ratings reports. Six analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $20.54.

A number of equities research analysts have recently issued reports on DBRG shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $17.00 price target (down previously from $21.00) on shares of DigitalBridge Group in a report on Tuesday, June 18th. Truist Financial reduced their target price on DigitalBridge Group from $22.00 to $19.00 and set a “buy” rating for the company in a report on Wednesday, May 15th. Keefe, Bruyette & Woods decreased their target price on DigitalBridge Group from $18.50 to $17.75 and set an “outperform” rating for the company in a research report on Tuesday, June 18th. B. Riley dropped their price target on DigitalBridge Group from $27.00 to $24.00 and set a “buy” rating on the stock in a research report on Tuesday. Finally, JPMorgan Chase & Co. reduced their price objective on DigitalBridge Group from $25.00 to $23.00 and set an “overweight” rating for the company in a research note on Wednesday, May 1st.

Institutional Investors Weigh In On DigitalBridge Group

A number of institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of DigitalBridge Group by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 23,377,984 shares of the company’s stock valued at $410,985,000 after purchasing an additional 83,381 shares during the period. Frontier Capital Management Co. LLC raised its stake in DigitalBridge Group by 10.4% during the fourth quarter. Frontier Capital Management Co. LLC now owns 3,550,341 shares of the company’s stock worth $62,273,000 after acquiring an additional 334,381 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of DigitalBridge Group by 5.3% during the fourth quarter. Wellington Management Group LLP now owns 2,872,338 shares of the company’s stock valued at $50,381,000 after acquiring an additional 144,945 shares during the period. Norges Bank acquired a new stake in shares of DigitalBridge Group in the 4th quarter valued at $31,651,000. Finally, Senator Investment Group LP grew its holdings in shares of DigitalBridge Group by 14.3% in the 1st quarter. Senator Investment Group LP now owns 1,752,003 shares of the company’s stock worth $33,761,000 after purchasing an additional 218,941 shares during the last quarter. 92.69% of the stock is owned by institutional investors and hedge funds.

DigitalBridge Group Stock Performance

Shares of NYSE DBRG opened at $13.97 on Friday. DigitalBridge Group has a 1 year low of $12.12 and a 1 year high of $20.99. The stock has a fifty day moving average price of $13.43 and a two-hundred day moving average price of $16.67. The firm has a market cap of $2.43 billion, a P/E ratio of 9.01, a PEG ratio of 1.48 and a beta of 2.00.

DigitalBridge Group (NYSE:DBRG) last posted its quarterly earnings data on Tuesday, April 30th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.03). The business had revenue of $74.39 million for the quarter, compared to the consensus estimate of $100.76 million. DigitalBridge Group had a net margin of 26.64% and a return on equity of 3.14%. On average, research analysts predict that DigitalBridge Group will post 0.25 earnings per share for the current fiscal year.

DigitalBridge Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Sunday, June 30th will be paid a $0.01 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.04 annualized dividend and a dividend yield of 0.29%. DigitalBridge Group’s payout ratio is 2.58%.

DigitalBridge Group Company Profile

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.