Quantbot Technologies LP purchased a new position in shares of DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 65,744 shares of the company's stock, valued at approximately $742,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Spire Wealth Management acquired a new position in DigitalBridge Group during the 4th quarter worth approximately $37,000. Manchester Capital Management LLC lifted its position in DigitalBridge Group by 172.1% in the fourth quarter. Manchester Capital Management LLC now owns 4,372 shares of the company's stock valued at $49,000 after acquiring an additional 2,765 shares during the last quarter. KBC Group NV boosted its stake in DigitalBridge Group by 49.3% in the fourth quarter. KBC Group NV now owns 8,326 shares of the company's stock valued at $94,000 after acquiring an additional 2,750 shares in the last quarter. Quest Partners LLC boosted its position in shares of DigitalBridge Group by 321.0% in the 3rd quarter. Quest Partners LLC now owns 9,309 shares of the company's stock valued at $132,000 after purchasing an additional 7,098 shares during the period. Finally, Blue Trust Inc. grew its position in shares of DigitalBridge Group by 164.0% during the fourth quarter. Blue Trust Inc. now owns 9,905 shares of the company's stock worth $112,000 after acquiring an additional 6,153 shares during the last quarter. Hedge funds and other institutional investors own 92.69% of the company's stock.
Wall Street Analyst Weigh In
Several research analysts have weighed in on the company. Truist Financial lowered their target price on DigitalBridge Group from $15.00 to $13.00 and set a "buy" rating on the stock in a research note on Tuesday, March 25th. JPMorgan Chase & Co. dropped their target price on shares of DigitalBridge Group from $20.00 to $18.00 and set an "overweight" rating for the company in a report on Tuesday, January 21st. B. Riley lowered their price target on DigitalBridge Group from $24.00 to $20.00 and set a "buy" rating on the stock in a report on Tuesday, January 7th. Citizens Jmp upgraded shares of DigitalBridge Group to a "strong-buy" rating in a report on Monday, January 27th. Finally, Wells Fargo & Company boosted their price target on DigitalBridge Group from $15.00 to $16.00 and gave the stock an "overweight" rating in a report on Monday, February 24th. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $16.39.
Check Out Our Latest Report on DigitalBridge Group
DigitalBridge Group Trading Down 2.9 %
DBRG traded down $0.27 on Friday, reaching $8.88. The company had a trading volume of 2,564,538 shares, compared to its average volume of 2,444,997. DigitalBridge Group, Inc. has a one year low of $8.78 and a one year high of $19.49. The company has a market capitalization of $1.55 billion, a P/E ratio of 295.83, a PEG ratio of 3.46 and a beta of 1.91. The company has a fifty day moving average of $10.45 and a 200-day moving average of $12.22.
DigitalBridge Group (NYSE:DBRG - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.11 EPS for the quarter, beating analysts' consensus estimates of $0.08 by $0.03. DigitalBridge Group had a return on equity of 4.29% and a net margin of 10.98%. The company had revenue of $101.55 million during the quarter, compared to the consensus estimate of $93.01 million. Research analysts predict that DigitalBridge Group, Inc. will post 0.17 EPS for the current year.
DigitalBridge Group Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.45%. The ex-dividend date of this dividend is Monday, March 31st. DigitalBridge Group's payout ratio is 133.33%.
DigitalBridge Group Company Profile
(
Free Report)
DigitalBridge is an infrastructure investment firm specializing in digital infrastructure assets. They provide services to institutional investors. They primarily invest in data centers, cell towers, fiber networks, small cells, and edge infrastructure. DigitalBridge Group, Inc was founded in 1991 and is headquartered in Boca Raton, Florida with additional offices in Los Angles, California, and New York New York.
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