DigitalBridge Group, Inc. (NYSE:DBRG) Given Consensus Recommendation of “Buy” by Analysts

Shares of DigitalBridge Group, Inc. (NYSE:DBRG) have been given a consensus recommendation of “Buy” by the ten research firms that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $16.39.

A number of research firms recently commented on DBRG. JPMorgan Chase & Co. dropped their target price on shares of DigitalBridge Group from $20.00 to $18.00 and set an “overweight” rating on the stock in a report on Tuesday, January 21st. Keefe, Bruyette & Woods cut their price objective on DigitalBridge Group from $14.00 to $13.50 and set a “market perform” rating for the company in a research report on Wednesday, February 26th. B. Riley decreased their target price on DigitalBridge Group from $24.00 to $20.00 and set a “buy” rating on the stock in a report on Tuesday, January 7th. JMP Securities initiated coverage on DigitalBridge Group in a report on Monday, January 27th. They set an “outperform” rating and a $16.00 target price for the company. Finally, Citizens Jmp upgraded DigitalBridge Group to a “strong-buy” rating in a research report on Monday, January 27th.

DigitalBridge Group Stock Performance

Shares of NYSE DBRG opened at $9.37 on Thursday. DigitalBridge Group has a 1 year low of $8.95 and a 1 year high of $19.49. The firm has a market cap of $1.63 billion, a P/E ratio of 312.17, a PEG ratio of 3.46 and a beta of 1.91. The stock has a fifty day moving average price of $10.54 and a two-hundred day moving average price of $12.26.

DigitalBridge Group (NYSE:DBRG) last released its earnings results on Thursday, February 20th. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.03. DigitalBridge Group had a return on equity of 4.29% and a net margin of 10.98%. The firm had revenue of $101.55 million for the quarter, compared to analyst estimates of $93.01 million. On average, research analysts predict that DigitalBridge Group will post 0.17 earnings per share for the current fiscal year.

DigitalBridge Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.01 per share. The ex-dividend date is Monday, March 31st. This represents a $0.04 annualized dividend and a yield of 0.43%. DigitalBridge Group’s dividend payout ratio (DPR) is presently 133.33%.

Institutional Trading of DigitalBridge Group

Several institutional investors have recently made changes to their positions in the stock. Sunbelt Securities Inc. lifted its position in DigitalBridge Group by 109.9% in the 4th quarter. Sunbelt Securities Inc. now owns 2,796 shares of the company’s stock worth $31,000 after buying an additional 1,464 shares in the last quarter. Meeder Asset Management Inc. acquired a new position in shares of DigitalBridge Group in the third quarter worth $34,000. Spire Wealth Management purchased a new stake in shares of DigitalBridge Group during the fourth quarter worth $37,000. Point72 Hong Kong Ltd purchased a new stake in shares of DigitalBridge Group during the 4th quarter worth about $39,000. Finally, Manchester Capital Management LLC lifted its holdings in shares of DigitalBridge Group by 172.1% during the 4th quarter. Manchester Capital Management LLC now owns 4,372 shares of the company’s stock valued at $49,000 after buying an additional 2,765 shares during the last quarter. 92.69% of the stock is currently owned by institutional investors and hedge funds.

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.