DigitalBridge Group, Inc. (NYSE:DBRG) Receives $19.22 Average Price Target from Analysts

DigitalBridge Group, Inc. (NYSE:DBRG) has earned a consensus recommendation of “Buy” from the eight ratings firms that are currently covering the firm, MarketBeat.com reports. Seven research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $19.22.

DBRG has been the subject of several recent research reports. Raymond James reduced their price target on DigitalBridge Group from $22.00 to $19.00 and set a “strong-buy” rating for the company in a research report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft cut their target price on DigitalBridge Group from $17.00 to $16.00 and set a “buy” rating for the company in a research note on Thursday, August 15th. Truist Financial decreased their target price on shares of DigitalBridge Group from $19.00 to $17.00 and set a “buy” rating on the stock in a research note on Wednesday, August 21st. B. Riley dropped their price target on shares of DigitalBridge Group from $27.00 to $24.00 and set a “buy” rating for the company in a research note on Tuesday, July 9th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $19.00 price target on shares of DigitalBridge Group in a research report on Wednesday, July 3rd.

Institutional Trading of DigitalBridge Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. nVerses Capital LLC grew its stake in shares of DigitalBridge Group by 633.3% during the second quarter. nVerses Capital LLC now owns 2,200 shares of the company’s stock valued at $30,000 after buying an additional 1,900 shares during the last quarter. Quarry LP acquired a new position in DigitalBridge Group during the fourth quarter worth about $41,000. Headlands Technologies LLC grew its stake in DigitalBridge Group by 33,627.3% during the 2nd quarter. Headlands Technologies LLC now owns 7,420 shares of the company’s stock valued at $102,000 after acquiring an additional 7,398 shares in the last quarter. Xponance Inc. purchased a new stake in DigitalBridge Group during the 2nd quarter valued at about $138,000. Finally, Federated Hermes Inc. raised its holdings in DigitalBridge Group by 944.8% in the 2nd quarter. Federated Hermes Inc. now owns 10,166 shares of the company’s stock valued at $139,000 after acquiring an additional 9,193 shares during the last quarter. Hedge funds and other institutional investors own 92.69% of the company’s stock.

DigitalBridge Group Stock Performance

Shares of DBRG stock opened at $14.39 on Thursday. The company has a market capitalization of $2.50 billion, a P/E ratio of 9.28, a price-to-earnings-growth ratio of 2.59 and a beta of 1.96. DigitalBridge Group has a 52 week low of $11.07 and a 52 week high of $20.99. The company’s 50 day moving average price is $13.12 and its two-hundred day moving average price is $14.54.

DigitalBridge Group (NYSE:DBRG) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.06). The company had revenue of $390.34 million for the quarter, compared to analyst estimates of $97.05 million. DigitalBridge Group had a return on equity of 4.49% and a net margin of 35.10%. Analysts forecast that DigitalBridge Group will post 0.16 earnings per share for the current year.

DigitalBridge Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.28%. The ex-dividend date of this dividend is Monday, September 30th. 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.