DigitalBridge Group (NYSE:DBRG) Given New $13.50 Price Target at Keefe, Bruyette & Woods

DigitalBridge Group (NYSE:DBRG) had its target price trimmed by Keefe, Bruyette & Woods from $14.00 to $13.50 in a research note issued to investors on Wednesday morning,Benzinga reports. The brokerage currently has a market perform rating on the stock.

DBRG has been the topic of several other reports. Raymond James lowered their target price on shares of DigitalBridge Group from $19.00 to $16.00 and set a “strong-buy” rating on the stock in a report on Tuesday, November 5th. Citizens Jmp upgraded shares of DigitalBridge Group to a “strong-buy” rating in a research report on Monday, January 27th. JMP Securities began coverage on shares of DigitalBridge Group in a research report on Monday, January 27th. They issued an “outperform” rating and a $16.00 target price on the stock. Wells Fargo & Company raised their target price on shares of DigitalBridge Group from $15.00 to $16.00 and gave the company an “overweight” rating in a research report on Monday. Finally, JPMorgan Chase & Co. cut their price target on shares of DigitalBridge Group from $20.00 to $18.00 and set an “overweight” rating on the stock in a report on Tuesday, January 21st. One research analyst has rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, DigitalBridge Group presently has an average rating of “Buy” and an average target price of $16.61.

DigitalBridge Group Trading Down 1.8 %

Shares of NYSE DBRG opened at $11.23 on Wednesday. The firm has a market cap of $1.96 billion, a PE ratio of 374.47, a PEG ratio of 3.46 and a beta of 1.91. DigitalBridge Group has a 1-year low of $10.03 and a 1-year high of $19.49. The company has a fifty day moving average price of $10.98 and a 200 day moving average price of $12.60.

DigitalBridge Group (NYSE:DBRG) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.03. DigitalBridge Group had a net margin of 10.98% and a return on equity of 4.29%. The company had revenue of $101.55 million during the quarter, compared to the consensus estimate of $93.01 million. Equities research analysts forecast that DigitalBridge Group will post 0.17 EPS for the current year.

DigitalBridge Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.36%. The ex-dividend date is Monday, March 31st. DigitalBridge Group’s payout ratio is 133.33%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Covestor Ltd boosted its stake in DigitalBridge Group by 9.8% in the fourth quarter. Covestor Ltd now owns 11,752 shares of the company’s stock valued at $133,000 after acquiring an additional 1,049 shares during the last quarter. Summit Investment Advisors Inc. increased its holdings in DigitalBridge Group by 6.8% during the 4th quarter. Summit Investment Advisors Inc. now owns 16,631 shares of the company’s stock worth $188,000 after acquiring an additional 1,056 shares during the period. Xponance Inc. increased its holdings in shares of DigitalBridge Group by 12.7% in the 4th quarter. Xponance Inc. now owns 11,725 shares of the company’s stock worth $132,000 after buying an additional 1,321 shares during the last quarter. Sunbelt Securities Inc. increased its holdings in shares of DigitalBridge Group by 109.9% in the 4th quarter. Sunbelt Securities Inc. now owns 2,796 shares of the company’s stock worth $31,000 after buying an additional 1,464 shares during the last quarter. Finally, Meeder Asset Management Inc. bought a new position in shares of DigitalBridge Group in the 3rd quarter worth $34,000. 92.69% of the stock is currently owned by hedge funds and other institutional investors.

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.