DigitalBridge Group, Inc. (NYSE:DBRG) Given Average Rating of “Hold” by Brokerages

Shares of DigitalBridge Group, Inc. (NYSE:DBRG) have been given a consensus recommendation of “Hold” by the nine brokerages that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $16.00.

Several research firms have recently weighed in on DBRG. Weiss Ratings reissued a “hold (c)” rating on shares of DigitalBridge Group in a report on Friday, May 29th. Truist Financial began coverage on DigitalBridge Group in a report on Tuesday, March 31st. They issued a “buy” rating and a $16.00 price objective for the company.

Institutional Investors Weigh In On DigitalBridge Group

Several hedge funds have recently modified their holdings of DBRG. Pentwater Capital Management LP acquired a new stake in shares of DigitalBridge Group during the fourth quarter worth $176,410,000. Kryger Capital LLC acquired a new stake in shares of DigitalBridge Group during the first quarter worth $102,736,000. KRYGER CAPITAL Ltd acquired a new stake in shares of DigitalBridge Group during the fourth quarter worth $75,234,000. Soros Fund Management LLC acquired a new stake in shares of DigitalBridge Group during the fourth quarter worth $36,816,000. Finally, Portolan Capital Management LLC lifted its holdings in shares of DigitalBridge Group by 77.4% during the third quarter. Portolan Capital Management LLC now owns 5,468,226 shares of the company’s stock worth $63,978,000 after purchasing an additional 2,386,066 shares during the period. 92.69% of the stock is owned by institutional investors and hedge funds.

DigitalBridge Group Trading Down 0.3%

DBRG stock opened at $15.72 on Friday. The company has a market capitalization of $2.87 billion, a P/E ratio of 32.07 and a beta of 1.48. DigitalBridge Group has a twelve month low of $8.94 and a twelve month high of $15.77. The business has a 50 day simple moving average of $15.64 and a 200-day simple moving average of $15.11.

DigitalBridge Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be issued a dividend of $0.01 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $0.04 annualized dividend and a dividend yield of 0.3%. DigitalBridge Group’s dividend payout ratio (DPR) is currently 8.16%.

About DigitalBridge Group

DigitalBridge Group, Inc (NYSE: DBRG) is a specialized global investment firm focused exclusively on digital infrastructure. The company originates, acquires, and manages a diversified portfolio of businesses that support the digital economy, including data centers, cell towers, small cells, fiber networks, edge infrastructure and related services. DigitalBridge seeks to generate sustainable, long-term returns for its investors by deploying capital into high-growth sectors driven by increasing data consumption, 5G deployment and cloud adoption.

Through its dedicated investment platforms, DigitalBridge provides equity and debt financing solutions to operators and owners of digital infrastructure assets.