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Boom Or Bust: Where Is DigitalBridge Group Inc. (NYSE: DBRG) Stock Headed Next?

DigitalBridge Group Inc. (NYSE:DBRG)’s traded shares stood at 2.23 million during the last session, with the company’s beta value hitting 2.04. At the close of trading, the stock’s price was $11.10, to imply a decrease of -5.77% or -$0.68 in intraday trading. The DBRG share’s 52-week high remains $30.66, putting it -176.22% down since that peak but still an impressive 6.4% since price per share fell to its 52-week low of $10.39. The company has a valuation of $1.87B, with an average of 1.75 million shares in intraday trading volume over the past 10 days and average of 1.60 million shares over the past 3 months.

DigitalBridge Group Inc. (NYSE:DBRG) trade information

After registering a -5.77% downside in the last session, DigitalBridge Group Inc. (DBRG) has traded red over the past five days. The stock hit a weekly high of 11.90 this Friday, 03/17/23, dropping -5.77% in its intraday price action. The 5-day price performance for the stock is -3.56%, and -26.39% over 30 days. With these gigs, the year-to-date price performance is 1.46%. Short interest in DigitalBridge Group Inc. (NYSE:DBRG) saw shorts transact 8.62 million shares and set a 5.31 days time to cover.

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DigitalBridge Group Inc. (DBRG) estimates and forecasts

Looking at statistics comparing DigitalBridge Group Inc. share performance against respective industry, we note that the company has outperformed competitors. DigitalBridge Group Inc. (DBRG) shares are -34.59% down over the last 6 months, with its year-to-date growth rate higher than industry average at 213.64% against -5.00%. Revenue is forecast to grow 95.10% this quarter before jumping 66.70% for the next one. The rating firms project that company’s revenue will grow 10.80% compared to the previous financial year.

Revenue forecast for the current quarter as set by 6 analysts is $301.31 million. Meanwhile, for the quarter ending Jun 2023, a total of 6 analyst(s) estimate revenue growth to $315.32 million.Earnings reports from the last fiscal year show that sales brought in $257.46 million and $289.41 million respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 17.00% before jumping 9.00% in the following quarter.

DBRG Dividends

DigitalBridge Group Inc. has its next earnings report out between May 03 and May 08. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. DigitalBridge Group Inc. has a forward dividend ratio of 0.04, with the share yield ticking at 0.36% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.

DigitalBridge Group Inc. (NYSE:DBRG)’s Major holders

DigitalBridge Group Inc. insiders hold 4.39% of total outstanding shares, with institutional holders owning 91.07% of the shares at 95.26% float percentage. In total, 91.07% institutions holds shares in the company, led by Vanguard Group, Inc. (The). As of Dec 30, 2022, the company held over 24.46 million shares (or 15.30% of shares), all amounting to roughly $271.5 million.

The next major institution holding the largest number of shares is Wafra Inc. with 14.44 million shares, or about 9.03% of shares outstanding. As of the market price on Dec 30, 2022, these shares were worth $160.23 million.

We also have Smallcap World Fund and Vanguard Specialized-Real Estate Index Fund as the top two Mutual Funds with the largest holdings of the DigitalBridge Group Inc. (DBRG) shares. Going by data provided on Dec 30, 2022, Smallcap World Fund holds roughly 8.36 million shares. This is just over 5.24% of the total shares, with a market valuation of $92.84 million. Data from the same date shows that the other fund manager holds a little less at 6.77 million, or 4.24% of the shares, all valued at about 75.11 million.

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