In the last trading session, 2.91 million shares of the DigitalBridge Group Inc (NYSE:DBRG) were traded, and its beta was 1.98. Most recently the company’s share price was $16.86, and it changed around $0.24 or 1.44% from the last close, which brings the market valuation of the company to $2.93B. DBRG currently trades at a discount to its 52-week high of $20.99, offering almost -24.5% off that amount. The share price’s 52-week low was $11.07, which indicates that the current value has risen by an impressive 34.34% since then. We note from DigitalBridge Group Inc’s average daily trading volume that its 10-day average is 1.9 million shares, with the 3-month average coming to 2.46 million.
DigitalBridge Group Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 9 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 0 recommended DBRG as a Hold, whereas 8 deemed it a Buy, and 0 rated it as Underweight. DigitalBridge Group Inc is expected to report earnings per share of 0.15 for the current quarter.
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DigitalBridge Group Inc (NYSE:DBRG) trade information
Instantly DBRG has showed a green trend with a performance of 1.44% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 17.15 on recent trading dayincreased the stock’s daily price by 1.69%. The company’s shares are currently down -3.88% year-to-date, but still up 4.59% over the last five days. On the other hand, DigitalBridge Group Inc (NYSE:DBRG) is 18.90% up in the 30-day period. We can see from the shorts that 16.63 million shares have been sold at a short interest cover period of 5.25 day(s).
The consensus price target as assigned by Wall Street analysts is $19, which translates to bulls needing to increase their stock price by 11.26% from its current value. Analyst projections state that DBRG is forecast to be at a low of $17 and a high of $36.
DigitalBridge Group Inc (DBRG) estimates and forecasts
DigitalBridge Group Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 0.48 percent over the past six months and at a 47.06% annual growth rate that is well above the industry average of -15.90%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -89.20% in revenue this quarter, and will report a decrease of -63.90% in the next quarter. The year-over-year growth rate is expected to be -61.70%, down from the previous year.
Consensus estimates provided by 9 financial analysts predict the company will bring in an average of 98.01M in revenue for the current quarter. 9 analysts expect DigitalBridge Group Inc to make 110.77M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 477.08M and 350.31M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -79.50%. Forecasts for the next quarter put sales growth at -68.40%.
DigitalBridge Group Inc earnings are expected to increase by -45.97% in 2024, but the outlook is positive 10.00% per year for the next five years.
DBRG Dividends
DigitalBridge Group Inc’s next quarterly earnings report is expected to be released in November. The annual dividend yield of the stock is 0.24 percent and its annual dividend per share was 0.04. It is important to note, however, that the 0.24% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 9.92 per year.
DigitalBridge Group Inc (NYSE:DBRG)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 3.78% of DigitalBridge Group Inc shares, and 97.51% of them are in the hands of institutional investors. The stock currently has a share float of 101.35%. DigitalBridge Group Inc stock is held by 402.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 15.4312% of the shares, which is about 24.85 million shares worth $340.46 million.
WAFRA INC., with 9.5973% or 15.46 million shares worth $211.74 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
