DigitalBridge Group Inc (NYSE: DBRG) stock fell -0.90% on Monday to $16.55 against a previous-day closing price of $16.70. With 1.04 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.67 million shares. During the session, the Real Estate Services company that operates in wider Real Estate sector, reached to the highest price of $16.80 whereas the lowest price it dropped to was $16.50. The 52-week range on DBRG shows that it touched its highest point at $18.43 and its lowest point at $9.99 during that stretch. It currently has a 1-year price target of $21.94. With its current market cap of 2.70 billion, DBRG has annualized dividend of $0.05 while the current yield stands at 0.29%. Beta for the stock currently stands at 2.05.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of DBRG was up-trending over the past week, with a rise of 7.82%, but this was up by 6.16% over a month. Three-month performance surged to 6.16% while six-month performance rose 46.59%. The stock gained 12.66% in the past year, while it has gained 51.28% so far this year. A look at the trailing 12-month EPS for DBRG yields -0.12 with Next year EPS estimates of -0.43. For the next quarter, that number is -0.19. This implies an EPS growth rate of 62.96% for this year and 52.64% for next year.
Float and Shares Shorts:
At present, 163.41 million DBRG shares are outstanding with a float of 161.64 million shares on hand for trading. On Oct 30, 2023, short shares totaled 15.62 million, which was 9.56% higher than short shares on Sep 28, 2023. In addition to Mr. Marc Christopher Ganzi as the firm’s CEO & Director, Mr. Benjamin J. Jenkins serves as its President & Chief Investment Officer.
Through their ownership of 91.49% of DBRG’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 53.40% of DBRG, in contrast to 38.37% held by mutual funds. Shares owned by individuals account for 0.99%. As the largest shareholder in DBRG with 14.18% of the stake, The Vanguard Group, Inc. holds 23,041,888 shares worth 23,041,888. A second-largest stockholder of DBRG, Wafra, Inc., holds 14,435,399 shares, controlling over 8.89% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in DBRG, holding 9,878,145 shares or 6.08% stake. With a 4.11% stake in DBRG, the Vanguard Real Estate Index Fund is the largest stakeholder. A total of 6,672,804 shares are owned by the mutual fund manager. The American Funds Small Cap World Fu, which owns about 4.01% of DBRG stock, is the second-largest Mutual Fund holder. It holds 6,523,773 shares valued at 103.4 million. Vanguard Total Stock Market ETF holds 3.12% of the stake in DBRG, owning 5,072,900 shares worth 80.41 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for DBRG since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With DBRG analysts setting a high price target of $27.00 and a low target of $19.50, the average target price over the next 12 months is $21.94. Based on these targets, DBRG could surge 63.14% to reach the target high and rise by 17.82% to reach the target low. Reaching the average price target will result in a growth of 32.57% from current levels.
Summary of Insider Activity:
Insiders traded DBRG stock several times over the past three months with 0 Buys and 1 Sells. In these transactions, 0 shares were bought while 18,142 shares were sold. The number of buy transactions has increased to 13 while that of sell transactions has risen to 12 over the past year. The total number of shares bought during that period was 506,111 while 159,456 shares were sold.