B. Riley Trims DigitalBridge Group (NYSE:DBRG) Target Price to $37.00

DigitalBridge Group (NYSE:DBRGGet Rating) had its price target reduced by B. Riley from $40.00 to $37.00 in a report released on Monday, Marketbeat.com reports. B. Riley currently has a buy rating on the stock. B. Riley also issued estimates for DigitalBridge Group’s Q3 2022 earnings at $0.06 EPS and FY2022 earnings at $0.07 EPS.

Separately, Cowen decreased their price objective on shares of DigitalBridge Group to $34.00 in a report on Tuesday, August 9th. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, DigitalBridge Group has an average rating of Moderate Buy and a consensus price target of $36.20.

DigitalBridge Group Trading Up 0.2 %

Shares of DBRG opened at $14.80 on Monday. DigitalBridge Group has a 1-year low of $14.71 and a 1-year high of $34.20. The company has a 50-day moving average of $19.47 and a 200 day moving average of $22.87. The firm has a market capitalization of $2.43 billion, a price-to-earnings ratio of -7.71 and a beta of 1.79. The company has a debt-to-equity ratio of 1.49, a current ratio of 0.59 and a quick ratio of 0.59.

DigitalBridge Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 17th. Stockholders of record on Friday, September 30th will be issued a $0.01 dividend. The ex-dividend date of this dividend is Thursday, September 29th. This represents a $0.04 annualized dividend and a dividend yield of 0.27%.

Insider Activity

In other DigitalBridge Group news, CEO Marc C. Ganzi purchased 32,000 shares of DigitalBridge Group stock in a transaction dated Tuesday, September 20th. The stock was acquired at an average price of $15.22 per share, for a total transaction of $487,040.00. Following the acquisition, the chief executive officer now owns 386,423 shares in the company, valued at approximately $5,881,358.06. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. In other DigitalBridge Group news, CEO Marc C. Ganzi acquired 32,000 shares of the stock in a transaction dated Tuesday, September 20th. The stock was purchased at an average price of $15.22 per share, with a total value of $487,040.00. Following the transaction, the chief executive officer now directly owns 386,423 shares of the company’s stock, valued at $5,881,358.06. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Jacky Wu acquired 9,157 shares of the stock in a transaction dated Monday, August 8th. The stock was acquired at an average cost of $5.46 per share, with a total value of $49,997.22. Following the transaction, the chief financial officer now directly owns 1,107,533 shares in the company, valued at $6,047,130.18. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 44,457 shares of company stock worth $587,395. 3.66% of the stock is currently owned by corporate insiders.

Institutional Trading of DigitalBridge Group

A number of institutional investors have recently made changes to their positions in the business. Daiwa Securities Group Inc. boosted its position in shares of DigitalBridge Group by 1.0% in the 1st quarter. Daiwa Securities Group Inc. now owns 152,694 shares of the company’s stock worth $1,099,000 after purchasing an additional 1,573 shares in the last quarter. Keybank National Association OH boosted its position in shares of DigitalBridge Group by 6.9% in the 1st quarter. Keybank National Association OH now owns 29,186 shares of the company’s stock worth $210,000 after purchasing an additional 1,885 shares in the last quarter. National Asset Management Inc. lifted its position in DigitalBridge Group by 8.7% during the 1st quarter. National Asset Management Inc. now owns 24,125 shares of the company’s stock worth $174,000 after acquiring an additional 1,925 shares during the period. Nissay Asset Management Corp Japan ADV lifted its position in DigitalBridge Group by 4.8% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 52,002 shares of the company’s stock worth $433,000 after acquiring an additional 2,388 shares during the period. Finally, Lindbrook Capital LLC lifted its position in DigitalBridge Group by 137.4% during the 2nd quarter. Lindbrook Capital LLC now owns 5,036 shares of the company’s stock worth $25,000 after acquiring an additional 2,915 shares during the period.

DigitalBridge Group Company Profile

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DigitalBridge (NYSE: DBRG) is an infrastructure investment firm. It specializes in investing and operating businesses across the digital ecosystem including cell towers, data centers, fiber, small cells, edge infrastructure, digital infrastructure and real estate. DigitalBridge Group, Inc was founded in 2009 and is headquartered in Boca Raton, Florida with additional offices in Los Angeles, California; New York, New York; Boston, Massachusetts; Denver, Colorado; London, United Kingdom; Senningerberg, Luxembourg and Singapore.

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Analyst Recommendations for DigitalBridge Group (NYSE:DBRG)

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