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

DigitalBridge Group, Inc. (NYSE:DBRG) has earned an average recommendation of “Hold” from the nine ratings firms that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $16.00.

Several analysts have issued reports on DBRG shares. Wall Street Zen raised shares of DigitalBridge Group to a “hold” rating in a research report on Saturday, September 5th. Weiss Ratings lowered shares of DigitalBridge Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, August 31st.

DigitalBridge Group Trading Up 0.0%

NYSE:DBRG opened at $15.98 on Monday. DigitalBridge Group has a twelve month low of $8.94 and a twelve month high of $16.00. The firm’s fifty day simple moving average is $15.91 and its 200 day simple moving average is $15.72. The firm has a market capitalization of $3.00 billion, a price-to-earnings ratio of 10.38 and a beta of 1.47.

DigitalBridge Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be issued a dividend of $0.01 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $0.04 annualized dividend and a dividend yield of 0.3%. DigitalBridge Group’s dividend payout ratio is 2.60%.

Institutional Trading of DigitalBridge Group

Several hedge funds have recently added to or reduced their stakes in the business. Kryger Capital LLC bought a new position in DigitalBridge Group in the first quarter valued at approximately $102,736,000. Magnetar Financial LLC bought a new stake in DigitalBridge Group in the 4th quarter valued at $33,808,000. Blue Grotto Capital LLC acquired a new position in DigitalBridge Group in the 4th quarter worth $30,680,000. Hsbc Holdings PLC increased its holdings in DigitalBridge Group by 159.3% during the 1st quarter. Hsbc Holdings PLC now owns 3,110,592 shares of the company’s stock worth $47,919,000 after purchasing an additional 1,910,984 shares in the last quarter. Finally, Capula Management Ltd acquired a new stake in shares of DigitalBridge Group in the 1st quarter valued at about $25,686,000. Institutional investors own 92.69% of the company’s stock.

DigitalBridge Group Company Profile

DigitalBridge Group, Inc (NYSE: DBRG) is an investment management firm focused on digital infrastructure. Through its investment management platform, the company invests in and manages assets that support the digital economy, including data centers, wireless infrastructure, fiber networks, small-cell systems and edge infrastructure.

DigitalBridge serves infrastructure owners, technology companies, communications providers and other institutional investors by providing investment management and asset management services.