DigitalBridge Group, Inc. (NYSE:DBRG) Shares Bought by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL lifted its holdings in DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) by 35.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 131,685 shares of the company's stock after purchasing an additional 34,783 shares during the period. Gamco Investors INC. ET AL owned about 0.08% of DigitalBridge Group worth $1,485,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DBRG. Barclays PLC boosted its stake in shares of DigitalBridge Group by 364.3% during the third quarter. Barclays PLC now owns 268,326 shares of the company's stock valued at $3,792,000 after purchasing an additional 210,533 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of DigitalBridge Group by 8.3% during the third quarter. Geode Capital Management LLC now owns 4,167,413 shares of the company's stock valued at $58,895,000 after purchasing an additional 317,776 shares in the last quarter. Tidal Investments LLC boosted its stake in shares of DigitalBridge Group by 22.8% during the third quarter. Tidal Investments LLC now owns 99,995 shares of the company's stock valued at $1,413,000 after purchasing an additional 18,536 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of DigitalBridge Group by 33.6% during the third quarter. Franklin Resources Inc. now owns 180,369 shares of the company's stock valued at $2,792,000 after purchasing an additional 45,333 shares in the last quarter. Finally, Nordea Investment Management AB boosted its stake in DigitalBridge Group by 6.1% in the fourth quarter. Nordea Investment Management AB now owns 273,609 shares of the company's stock valued at $3,114,000 after acquiring an additional 15,830 shares in the last quarter. 92.69% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

DBRG has been the subject of several recent analyst reports. B. Riley lowered their target price on shares of DigitalBridge Group from $24.00 to $20.00 and set a "buy" rating for the company in a research note on Tuesday, January 7th. Keefe, Bruyette & Woods lowered their target price on shares of DigitalBridge Group from $14.00 to $13.50 and set a "market perform" rating for the company in a research note on Wednesday, February 26th. JPMorgan Chase & Co. lowered their target price on shares of DigitalBridge Group from $20.00 to $18.00 and set an "overweight" rating for the company in a research note on Tuesday, January 21st. Wells Fargo & Company raised their target price on shares of DigitalBridge Group from $15.00 to $16.00 and gave the company an "overweight" rating in a research note on Monday, February 24th. Finally, Truist Financial lowered their target price on shares of DigitalBridge Group from $15.00 to $13.00 and set a "buy" rating for the company in a research note on Tuesday, March 25th. One research analyst has rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $16.39.

DigitalBridge Group Stock Performance

Shares of DigitalBridge Group stock traded up $0.30 during trading on Thursday, hitting $8.45. 378,008 shares of the company's stock were exchanged, compared to its average volume of 2,554,130. The business has a 50-day simple moving average of $9.25 and a 200-day simple moving average of $11.37. DigitalBridge Group, Inc. has a 52-week low of $6.41 and a 52-week high of $17.49. The stock has a market capitalization of $1.47 billion, a price-to-earnings ratio of 281.83, a PEG ratio of 3.46 and a beta of 1.68.

DigitalBridge Group (NYSE:DBRG - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.03. DigitalBridge Group had a net margin of 10.98% and a return on equity of 4.29%. The firm had revenue of $101.55 million during the quarter, compared to analysts' expectations of $93.01 million. On average, equities analysts anticipate that DigitalBridge Group, Inc. will post 0.17 earnings per share for the current fiscal year.

DigitalBridge Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.04 annualized dividend and a yield of 0.47%. DigitalBridge Group's dividend payout ratio is presently 133.33%.

About DigitalBridge Group

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.