Shares of DigitalBridge Group, Inc. (NYSE:DBRG – Get Free Report) have been given an average recommendation of “Hold” by the nine research firms that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $16.00.
Several equities research analysts recently weighed in on DBRG shares. Truist Financial began coverage on DigitalBridge Group in a report on Tuesday, March 31st. They set a “buy” rating and a $16.00 target price for the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of DigitalBridge Group in a research note on Friday, May 29th.
Read Our Latest Stock Report on DBRG
DigitalBridge Group Trading Up 0.3%
DigitalBridge Group Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Tuesday, June 30th. DigitalBridge Group’s payout ratio is presently 8.16%.
Institutional Investors Weigh In On DigitalBridge Group
Several institutional investors have recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC increased its position in shares of DigitalBridge Group by 305.5% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,760 shares of the company’s stock valued at $27,000 after acquiring an additional 1,326 shares during the period. Parallel Advisors LLC boosted its holdings in shares of DigitalBridge Group by 70.4% during the first quarter. Parallel Advisors LLC now owns 1,891 shares of the company’s stock worth $29,000 after purchasing an additional 781 shares during the period. Atlantic Union Bankshares Corp bought a new stake in shares of DigitalBridge Group in the fourth quarter worth about $31,000. Beaird Harris Wealth Management LLC purchased a new position in DigitalBridge Group during the 4th quarter valued at about $31,000. Finally, Quarry LP increased its holdings in DigitalBridge Group by 1,467.2% during the 4th quarter. Quarry LP now owns 2,053 shares of the company’s stock valued at $31,000 after purchasing an additional 1,922 shares during the period. Hedge funds and other institutional investors own 92.69% of the company’s stock.
About DigitalBridge Group
DigitalBridge Group, Inc (NYSE: DBRG) is a specialized global investment firm focused exclusively on digital infrastructure. The company originates, acquires, and manages a diversified portfolio of businesses that support the digital economy, including data centers, cell towers, small cells, fiber networks, edge infrastructure and related services. DigitalBridge seeks to generate sustainable, long-term returns for its investors by deploying capital into high-growth sectors driven by increasing data consumption, 5G deployment and cloud adoption.
Through its dedicated investment platforms, DigitalBridge provides equity and debt financing solutions to operators and owners of digital infrastructure assets.
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