Analysts Set DigitalBridge Group, Inc. (NYSE:DBRG) PT at $17.88

Shares of DigitalBridge Group, Inc. (NYSE:DBRG) have been given an average rating of “Buy” by the eight ratings firms that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $17.88.

A number of brokerages recently issued reports on DBRG. Keefe, Bruyette & Woods cut shares of DigitalBridge Group from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $17.75 to $14.00 in a research report on Wednesday, November 6th. JPMorgan Chase & Co. boosted their price target on DigitalBridge Group from $22.00 to $23.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 1st. Raymond James lowered their price objective on 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 cut their target price on DigitalBridge Group from $18.00 to $16.00 and set an “overweight” rating on the stock in a research note on Monday, November 4th. Finally, Truist Financial lowered their price target on DigitalBridge Group from $17.00 to $15.00 and set a “buy” rating for the company in a research report on Wednesday, December 11th.

DigitalBridge Group Trading Up 0.4 %

Shares of DigitalBridge Group stock opened at $11.37 on Friday. DigitalBridge Group has a 12 month low of $10.55 and a 12 month high of $20.99. The firm has a market capitalization of $1.98 billion, a P/E ratio of 15.58, a P/E/G ratio of 13.76 and a beta of 1.91. The business has a fifty day simple moving average of $12.40 and a two-hundred day simple moving average of $13.27.

DigitalBridge Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a dividend of $0.01 per share. The ex-dividend date is Tuesday, December 31st. This represents a $0.04 annualized dividend and a dividend yield of 0.35%. DigitalBridge Group’s dividend payout ratio (DPR) is presently 5.48%.

Institutional Trading of DigitalBridge Group

A number of large investors have recently made changes to their positions in the stock. nVerses Capital LLC grew its holdings in shares of DigitalBridge Group by 633.3% in the second quarter. nVerses Capital LLC now owns 2,200 shares of the company’s stock worth $30,000 after acquiring an additional 1,900 shares during the period. Meeder Asset Management Inc. bought a new stake in shares of DigitalBridge Group during the 3rd quarter valued at about $34,000. Central Pacific Bank Trust Division purchased a new stake in shares of DigitalBridge Group during the 3rd quarter valued at about $35,000. Blue Trust Inc. lifted its stake in shares of DigitalBridge Group by 179.2% in the 3rd quarter. Blue Trust Inc. now owns 3,752 shares of the company’s stock worth $51,000 after purchasing an additional 2,408 shares during the period. Finally, Headlands Technologies LLC boosted its holdings in shares of DigitalBridge Group by 33,627.3% in the second quarter. Headlands Technologies LLC now owns 7,420 shares of the company’s stock worth $102,000 after buying an additional 7,398 shares during the last quarter. 92.69% of the stock is currently owned by institutional investors.

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.