DigitalBridge Group, Inc. (NYSE:DBRG) Receives $19.22 Average Price Target from Analysts

DigitalBridge Group, Inc. (NYSE:DBRG) has received a consensus rating of “Buy” from the eight research firms that are presently covering the company, MarketBeat.com reports. Seven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $19.22.

A number of analysts recently commented on DBRG shares. Deutsche Bank Aktiengesellschaft lowered their price objective on DigitalBridge Group from $17.00 to $16.00 and set a “buy” rating for the company in a research report on Thursday, August 15th. B. Riley lowered their price target on shares of DigitalBridge Group from $27.00 to $24.00 and set a “buy” rating for the company in a research report on Tuesday, July 9th. Royal Bank of Canada restated an “outperform” rating and issued a $19.00 price objective on shares of DigitalBridge Group in a report on Wednesday, July 3rd. Keefe, Bruyette & Woods reduced their price objective on shares of DigitalBridge Group from $18.50 to $17.75 and set an “outperform” rating on the stock in a research note on Tuesday, June 18th. Finally, Raymond James dropped their target price on shares of DigitalBridge Group from $22.00 to $19.00 and set a “strong-buy” rating for the company in a research report on Thursday, August 8th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DBRG. Nordea Investment Management AB acquired a new stake in shares of DigitalBridge Group in the 1st quarter valued at about $3,214,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of DigitalBridge Group during the 1st quarter worth about $1,247,000. GRS Advisors LLC grew its stake in DigitalBridge Group by 23.7% in the 4th quarter. GRS Advisors LLC now owns 1,534,820 shares of the company’s stock valued at $26,921,000 after buying an additional 293,987 shares during the last quarter. Sei Investments Co. increased its stake in shares of DigitalBridge Group by 77.9% during the first quarter. Sei Investments Co. now owns 302,856 shares of the company’s stock worth $5,836,000 after purchasing an additional 132,638 shares during the period. Finally, Franklin Resources Inc. increased its position in DigitalBridge Group by 555.4% during the 4th quarter. Franklin Resources Inc. now owns 92,896 shares of the company’s stock worth $1,629,000 after buying an additional 78,723 shares during the period. 92.69% of the stock is currently owned by institutional investors.

DigitalBridge Group Price Performance

Shares of DigitalBridge Group stock opened at $14.13 on Thursday. The firm has a 50 day simple moving average of $13.12 and a 200 day simple moving average of $14.48. DigitalBridge Group has a fifty-two week low of $11.07 and a fifty-two week high of $20.99. The firm has a market cap of $2.46 billion, a P/E ratio of 9.12, a P/E/G ratio of 2.59 and a beta of 1.96.

DigitalBridge Group (NYSE:DBRG) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.06). The firm had revenue of $390.34 million during the quarter, compared to the consensus estimate of $97.05 million. DigitalBridge Group had a net margin of 35.10% and a return on equity of 4.49%. On average, sell-side analysts expect that DigitalBridge Group will post 0.16 EPS for the current year.

DigitalBridge Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be issued a $0.01 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $0.04 annualized dividend and a yield of 0.28%. DigitalBridge Group’s dividend payout ratio (DPR) is presently 2.58%.

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.