Bryce Point Capital LLC purchased a new stake in shares of DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 36,429 shares of the company's stock, valued at approximately $411,000.
Several other hedge funds and other institutional investors have also made changes to their positions in DBRG. Spire Wealth Management bought a new stake in DigitalBridge Group during the 4th quarter valued at $37,000. Manchester Capital Management LLC grew its position in DigitalBridge Group by 172.1% in the 4th quarter. Manchester Capital Management LLC now owns 4,372 shares of the company's stock valued at $49,000 after buying an additional 2,765 shares in the last quarter. Meeder Asset Management Inc. increased its stake in DigitalBridge Group by 114.0% during the 4th quarter. Meeder Asset Management Inc. now owns 5,087 shares of the company's stock valued at $57,000 after buying an additional 2,710 shares during the period. KBC Group NV raised its position in shares of DigitalBridge Group by 49.3% during the 4th quarter. KBC Group NV now owns 8,326 shares of the company's stock worth $94,000 after buying an additional 2,750 shares in the last quarter. Finally, Blue Trust Inc. lifted its stake in shares of DigitalBridge Group by 164.0% in the 4th 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 period. 92.69% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
DBRG has been the subject of a number of research analyst reports. JPMorgan Chase & Co. cut their target price on DigitalBridge Group from $20.00 to $18.00 and set an "overweight" rating for the company in a research report on Tuesday, January 21st. Wells Fargo & Company raised their target price on DigitalBridge Group from $15.00 to $16.00 and gave the company an "overweight" rating in a research note on Monday, February 24th. Keefe, Bruyette & Woods dropped their price target on shares of DigitalBridge Group from $14.00 to $13.50 and set a "market perform" rating on the stock in a research report on Wednesday, February 26th. Citizens Jmp upgraded shares of DigitalBridge Group to a "strong-buy" rating in a research report on Monday, January 27th. Finally, JMP Securities began coverage on shares of DigitalBridge Group in a report on Monday, January 27th. They issued an "outperform" rating and a $16.00 target price on the stock. One investment 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 a consensus rating of "Buy" and an average price target of $16.39.
Read Our Latest Stock Report on DBRG
DigitalBridge Group Stock Performance
Shares of DBRG stock traded down $0.77 during trading on Thursday, hitting $7.20. 1,006,403 shares of the company were exchanged, compared to its average volume of 2,528,770. The firm has a market capitalization of $1.26 billion, a price-to-earnings ratio of 240.33, a P/E/G ratio of 3.46 and a beta of 1.68. The business's 50-day simple moving average is $9.80 and its 200 day simple moving average is $11.80. DigitalBridge Group, Inc. has a twelve month low of $5.50 and a twelve month high of $18.82.
DigitalBridge Group (NYSE:DBRG - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.11 earnings per share (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 firm had revenue of $101.55 million during the quarter, compared to analysts' expectations of $93.01 million. On average, equities analysts forecast that DigitalBridge Group, Inc. will post 0.17 earnings per share for the current fiscal year.
DigitalBridge Group Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors 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 0.56%. The ex-dividend date is Monday, March 31st. DigitalBridge Group's payout ratio is presently 133.33%.
About DigitalBridge Group
(
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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