DigitalBridge Group Sees Unusually High Options Volume (NYSE:DBRG)

Posted by Defense World Staff on May 5th, 2023

DigitalBridge Group, Inc. (NYSE:DBRG – Get Rating) was the recipient of unusually large options trading on Wednesday. Stock investors acquired 9,464 call options on the company. This is an increase of approximately 310% compared to the typical daily volume of 2,309 call options.

Wall Street Analyst Weigh In

Several research firms have weighed in on DBRG. JPMorgan Chase & Co. lowered their target price on DigitalBridge Group from $20.00 to $17.00 and set a “neutral” rating on the stock in a research note on Monday, February 27th. Raymond James lowered their target price on DigitalBridge Group from $34.00 to $25.00 and set a “strong-buy” rating on the stock in a research note on Thursday, March 2nd. Wells Fargo & Company lowered their target price on DigitalBridge Group from $20.00 to $18.00 and set an “overweight” rating on the stock in a research note on Monday, February 27th. Deutsche Bank Aktiengesellschaft assumed coverage on DigitalBridge Group in a report on Wednesday, February 15th. They set a “buy” rating and a $18.00 price target for the company. Finally, Cowen reduced their price target on DigitalBridge Group from $27.00 to $20.00 in a report on Monday, February 27th. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $22.00.

DigitalBridge Group Stock Down 0.7 %

Shares of DBRG stock opened at $10.68 on Friday. DigitalBridge Group has a 12 month low of $9.99 and a 12 month high of $28.00. The firm has a market cap of $1.71 billion, a PE ratio of -4.12 and a beta of 2.01. The stock has a 50 day moving average of $11.69 and a 200-day moving average of $12.61. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.41.

DigitalBridge Group (NYSE:DBRG – Get Rating) last released its quarterly earnings data on Wednesday, May 3rd. The company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.10). The firm had revenue of $250.16 million for the quarter, compared to the consensus estimate of $297.44 million. DigitalBridge Group had a negative net margin of 28.11% and a negative return on equity of 3.27%. The business’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.46) earnings per share. On average, equities analysts predict that DigitalBridge Group will post 0.19 EPS for the current year.

DigitalBridge Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 17th. Shareholders of record on Friday, June 30th will be given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.37%. The ex-dividend date is Thursday, June 29th. DigitalBridge Group’s dividend payout ratio (DPR) is -1.54%.

Institutional Trading of DigitalBridge Group

A number of large investors have recently bought and sold shares of DBRG. Wipfli Financial Advisors LLC acquired a new position in DigitalBridge Group in the third quarter worth $33,000. Signaturefd LLC lifted its stake in shares of DigitalBridge Group by 117.6% during the first quarter. Signaturefd LLC now owns 3,404 shares of the company’s stock valued at $41,000 after acquiring an additional 1,840 shares during the period. Quadrant Capital Group LLC lifted its stake in DigitalBridge Group by 56.7% in the fourth quarter. Quadrant Capital Group LLC now owns 3,856 shares of the company’s stock valued at $42,000 after buying an additional 1,396 shares during the period. Nomura Holdings Inc. acquired a new position in DigitalBridge Group in the second quarter valued at about $52,000. Finally, BDO Wealth Advisors LLC lifted its stake in DigitalBridge Group by 26.3% in the fourth quarter. BDO Wealth Advisors LLC now owns 4,800 shares of the company’s stock valued at $53,000 after buying an additional 1,000 shares during the period. 88.52% of the stock is currently owned by institutional investors.

About DigitalBridge Group

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DigitalBridge Group, Inc is a digital infrastructure company that engages in investing in digital ecosystem including cell towers, data centers, fiber, small cells, and edge infrastructure. It operates through the Digital Investment Management (Digital IM) and Corporate and Other segments. The Digital IM segment represents a digital infrastructure investment platform, managing capital on behalf of a diverse base of global investors.