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

DigitalBridge Group, Inc. (NYSE:DBRG) has received an average recommendation of “Buy” from the five brokerages that are presently covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $22.08.

Separately, Truist Financial lifted their price target on shares of DigitalBridge Group from $20.00 to $22.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th.

DigitalBridge Group Price Performance

Shares of NYSE:DBRG opened at $17.13 on Tuesday. The firm’s 50-day moving average is $18.57 and its two-hundred day moving average is $17.74. DigitalBridge Group has a 1 year low of $10.20 and a 1 year high of $20.99. The firm has a market capitalization of $2.80 billion, a PE ratio of 34.96 and a beta of 1.91.

DigitalBridge Group (NYSE:DBRG) last issued its quarterly earnings results on Tuesday, February 20th. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $287.41 million. Analysts expect that DigitalBridge Group will post 0.25 EPS for the current fiscal year.

DigitalBridge Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Sunday, March 31st were issued a dividend of $0.01 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.04 dividend on an annualized basis and a yield of 0.23%. DigitalBridge Group’s payout ratio is currently 8.16%.

Institutional Trading of DigitalBridge Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DBRG. Comerica Bank acquired a new stake in DigitalBridge Group during the second quarter worth approximately $2,990,000. Legato Capital Management LLC acquired a new position in shares of DigitalBridge Group in the 3rd quarter valued at $1,222,000. SG Americas Securities LLC acquired a new position in shares of DigitalBridge Group in the 3rd quarter valued at $4,448,000. Schwartz Investment Counsel Inc. increased its holdings in shares of DigitalBridge Group by 1.7% in the 3rd quarter. Schwartz Investment Counsel Inc. now owns 471,341 shares of the company’s stock valued at $8,286,000 after acquiring an additional 8,000 shares during the period. Finally, Peregrine Capital Management LLC acquired a new position in shares of DigitalBridge Group in the 3rd quarter valued at $8,288,000. Institutional investors and hedge funds own 92.69% of the company’s stock.

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.