Shares of DigitalBridge Group, Inc. (NYSE:DBRG – Get Free Report) have been given a consensus rating of “Hold” by the nine research firms that are covering the stock, MarketBeat reports. One 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 twelve-month price objective among brokerages that have covered the stock in the last year is $16.00.
Separately, Weiss Ratings cut shares of DigitalBridge Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday.
Read Our Latest Research Report on DBRG
DigitalBridge Group Price Performance
DigitalBridge Group Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Wednesday, September 30th. DigitalBridge Group’s payout ratio is 2.60%.
Institutional Investors Weigh In On DigitalBridge Group
A number of institutional investors have recently added to or reduced their stakes in the business. Parallel Advisors LLC raised its stake in shares of DigitalBridge Group by 70.4% during the 1st quarter. Parallel Advisors LLC now owns 1,891 shares of the company’s stock worth $29,000 after buying an additional 781 shares in the last quarter. Handelsbanken Fonder AB boosted its stake in shares of DigitalBridge Group by 3.0% in the fourth quarter. Handelsbanken Fonder AB now owns 37,500 shares of the company’s stock valued at $575,000 after buying an additional 1,100 shares in the last quarter. Cetera Investment Advisers grew its holdings in DigitalBridge Group by 4.4% during the fourth quarter. Cetera Investment Advisers now owns 28,921 shares of the company’s stock worth $444,000 after acquiring an additional 1,214 shares during the period. Cerity Partners LLC grew its holdings in DigitalBridge Group by 2.5% during the fourth quarter. Cerity Partners LLC now owns 53,055 shares of the company’s stock worth $814,000 after acquiring an additional 1,274 shares during the period. Finally, Envestnet Asset Management Inc. raised its position in DigitalBridge Group by 12.5% in the second quarter. Envestnet Asset Management Inc. now owns 11,746 shares of the company’s stock worth $122,000 after acquiring an additional 1,309 shares in the last quarter. Hedge funds and other institutional investors own 92.69% of the company’s stock.
DigitalBridge Group Company Profile
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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