DigitalBridge Group, Inc. (NYSE:DBRG – Get Free Report) was the recipient of a large decrease in short interest in the month of March. As of March 31st, there was short interest totalling 20,240,000 shares, a decrease of 10.1% from the March 15th total of 22,510,000 shares. Approximately 12.5% of the company’s stock are short sold. Based on an average daily trading volume, of 2,100,000 shares, the days-to-cover ratio is presently 9.6 days.
Analyst Upgrades and Downgrades
Separately, Truist Financial upped their target price on shares of DigitalBridge Group from $20.00 to $22.00 and gave the stock a “buy” rating in a research report on Tuesday. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $22.08.
Read Our Latest Stock Report on DigitalBridge Group
Institutional Trading of DigitalBridge Group
DigitalBridge Group Price Performance
DBRG stock traded down $0.48 during trading on Wednesday, hitting $17.70. 1,458,922 shares of the stock traded hands, compared to its average volume of 1,875,991. DigitalBridge Group has a 1 year low of $10.20 and a 1 year high of $20.99. The firm’s 50 day moving average is $18.78 and its two-hundred day moving average is $17.71. The stock has a market cap of $2.89 billion, a price-to-earnings ratio of 36.11 and a beta of 1.91.
DigitalBridge Group (NYSE:DBRG – Get Free Report) last announced its quarterly earnings data on Tuesday, February 20th. The company reported $0.04 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.06. DigitalBridge Group had a net margin of 12.33% and a return on equity of 2.39%. The company had revenue of $350.31 million for the quarter, compared to the consensus estimate of $287.41 million. As a group, analysts anticipate that DigitalBridge Group will post -0.14 EPS for the current fiscal year.
DigitalBridge Group Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Sunday, March 31st were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.23%. The ex-dividend date of this dividend was Wednesday, March 27th. DigitalBridge Group’s dividend payout ratio (DPR) is 8.16%.
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.
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