Analysts Assign a Price Target of $17.88 to DigitalBridge Group, Inc. (NYSE:DBRG)

DigitalBridge Group, Inc. (NYSE:DBRG – Get Free Report) has recently been the focus of market analysts, receiving an average rating of "Buy" from eight different ratings firms that cover the company, according to Marketbeat Ratings. Among these analysts, one rated the stock as a "hold," six analysts issued a "buy" rating, and one provided a "strong buy" ranking. Additionally, the consensus price target over the next twelve months is set at $17.88.

A variety of brokerages have recently shared their perspectives on DBRG stock. Keefe, Bruyette & Woods downgraded their rating from "outperform" to "market perform" while also reducing their price target from $17.75 to $14.00 in a report published on November 6th. Conversely, JPMorgan Chase & Co. increased their price target for DigitalBridge Group from $22.00 to $23.00, accompanied by an "overweight" rating, noted in their research dated October 1st. Meanwhile, Raymond James lowered their price objective from $19.00 to $16.00 and maintained a "strong-buy" rating in a note released on November 5th. Wells Fargo & Company also adjusted their target price from $18.00 to $16.00, classifying the stock as "overweight" as of November 4th. Finally, Truist Financial revised their price target downward from $17.00 to $15.00 while assigning a "buy" rating for the firm on December 11th.

Current Trading Status of DigitalBridge Group

As of Friday, DigitalBridge Group's shares opened at $11.37. The stock has fluctuated significantly over the past year, with a low of $10.55 and a high of $20.99. Presently, the firm holds a market capitalization of $1.98 billion and shows a P/E ratio of 15.58, along with a P/E/G ratio of 13.76 and a beta of 1.91. In terms of stock performance, the fifty-day simple moving average is $12.40, while the two-hundred-day simple moving average is $13.27.

Latest Dividend Information

Recently, DigitalBridge Group disclosed plans for a quarterly dividend to be executed on January 15th. Stockholders recorded by December 31st will receive a dividend of $0.01 per share, marking an annualized dividend of $0.04 and resulting in a dividend yield of 0.35%. At present, the company maintains a dividend payout ratio (DPR) of 5.48%.

Institutional Holdings and Changes in Position

Several large investors have made significant adjustments to their holdings in DigitalBridge Group. For example, nVerses Capital LLC expanded its stake by 633.3% in the second quarter, acquiring an additional 1,900 shares and bringing their total to 2,200 shares valued at approximately $30,000. Additionally, Meeder Asset Management Inc. entered into a new position in the third quarter, valued at around $34,000. Central Pacific Bank Trust Division also acquired new shares worth approximately $35,000 during the same period. Blue Trust Inc. increased its own holdings by 179.2% in the third quarter, now owning 3,752 shares valued at $51,000. Furthermore, Headlands Technologies LLC significantly boosted its investments by 33,627.3% in the second quarter, acquiring 7,420 shares valued at $102,000. Currently, 92.69% of DigitalBridge Group's stock is owned by institutional investors.

Company Overview of DigitalBridge Group

DigitalBridge is recognized as an infrastructure investment firm that focuses on digital infrastructure assets. The company provides services tailored for institutional investors and primarily engages in investments related to data centers, cell towers, fiber networks, small cells, and edge infrastructure. Established in 1991, DigitalBridge Group, Inc. is headquartered in Boca Raton, Florida, with additional offices located in Los Angeles, California, and New York, New York.

Analysts, DigitalBridge, Stocks