Brokerages Set DigitalBridge Group, Inc. (NYSE:DBRG) Price Target at $17.88

As of January 7th, 2025, shares of DigitalBridge Group, Inc. (NYSE:DBRG) are rated with a consensus of "Buy" by eight brokerages currently monitoring the company, according to Marketbeat. Out of these analysts, one has opted for a hold recommendation, six have labeled it as a buy, and another has given the stock a strong buy rating. The average price target set by these analysts over the next twelve months is $17.88.

DigitalBridge Group has recently made headlines in analyst reports. For instance, on November 6th, Keefe, Bruyette & Woods downgraded their rating on the stock from "outperform" to "market perform," reducing their price target from $17.75 to $14.00. Meanwhile, Truist Financial adjusted their price target down from $17.00 to $15.00, maintaining a buy rating on December 11th.

On October 1st, JPMorgan Chase & Co. raised their target for DigitalBridge shares from $22.00 to $23.00, classifying it as "overweight" in their analysis. Wells Fargo & Company followed suit on November 4th by lowering their target price from $18.00 to $16.00 while keeping an overweight rating. Additionally, Raymond James reduced their price estimate from $19.00 to $16.00, categorizing DigitalBridge as a strong buy on November 5th.

Hedge Fund Activities Regarding DigitalBridge Group

Recent financial maneuvers by institutional investors show increased activity with DigitalBridge Group. nVerses Capital LLC notably raised its stake in the company by 633.3% during the second quarter, acquiring an additional 1,900 shares, bringing its total to 2,200 shares valued at $30,000. Another firm, Meeder Asset Management Inc., purchased a newfound stake in DigitalBridge in the third quarter with a value of $34,000.

Central Pacific Bank Trust Division also bought into DigitalBridge during the third quarter, investing $35,000. Blue Trust Inc. significantly augmented its holdings by 179.2% in the same quarter, now possessing 3,752 shares valued at $51,000 after acquiring 2,408 additional shares.

Finally, Headlands Technologies LLC has grown its ownership massively this past year, increasing by 33,627.3% in the second quarter, culminating in 7,420 shares worth $102,000 after purchasing an extra 7,398 shares. Currently, institutions own 92.69% of DigitalBridge's stock.

Performance of DigitalBridge Group's Stock

When trading commenced on Friday, shares of DigitalBridge Group opened at $11.37. The stock has a fifty-day moving average of $12.40 and a 200-day moving average of $13.27. Over the past year, DigitalBridge saw a low of $10.55 and a high of $20.99. The company maintains a market capitalization of $1.98 billion, a P/E ratio of 15.58, a P/E/G ratio of 13.76, and a beta of 1.91.

Dividend Announcement from DigitalBridge Group

In another recent update, DigitalBridge Group announced a quarterly dividend scheduled for payment on Wednesday, January 15th. Shareholders registered by December 31st will receive a dividend of $0.01 per share. This translates to an annualized dividend of $0.04, resulting in a dividend yield of 0.35%. The ex-dividend date also falls on December 31st. Currently, the dividend payout ratio stands at 5.48%.

Overview of DigitalBridge Group

DigitalBridge is a firm focused on infrastructure investment, particularly in digital assets. It provides various services to institutional investors and primarily invests in data centers, cell towers, fiber networks, small cells, and edge infrastructure. Established in 1991, DigitalBridge Group, Inc. is based in Boca Raton, Florida, with additional offices located in Los Angeles, California, and New York City.

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