DigitalBridge Group, Inc. (NYSE:DBRG) Shares Acquired by Homestead Advisers Corp

Homestead Advisers Corp lifted its stake in shares of DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) by 15.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 319,200 shares of the company's stock after purchasing an additional 43,500 shares during the period. Homestead Advisers Corp owned 0.18% of DigitalBridge Group worth $3,601,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in DBRG. Horizon Kinetics Asset Management LLC raised its holdings in shares of DigitalBridge Group by 868.9% during the 4th quarter. Horizon Kinetics Asset Management LLC now owns 4,483,340 shares of the company's stock worth $50,572,000 after acquiring an additional 4,020,627 shares during the period. Potrero Capital Research LLC purchased a new position in DigitalBridge Group during the third quarter worth about $20,201,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in DigitalBridge Group in the 3rd quarter valued at about $9,757,000. William Blair Investment Management LLC grew its stake in shares of DigitalBridge Group by 27.3% in the 4th quarter. William Blair Investment Management LLC now owns 3,003,062 shares of the company's stock valued at $33,875,000 after buying an additional 643,705 shares during the period. Finally, Clearline Capital LP acquired a new stake in shares of DigitalBridge Group during the 3rd quarter worth approximately $7,468,000. 92.69% of the stock is currently owned by hedge funds and other institutional investors.

DigitalBridge Group Stock Performance

DBRG traded down $0.08 during trading on Monday, reaching $8.78. The company's stock had a trading volume of 619,755 shares, compared to its average volume of 2,530,021. The company has a market capitalization of $1.53 billion, a price-to-earnings ratio of 292.83, a price-to-earnings-growth ratio of 3.46 and a beta of 1.91. The company's fifty day moving average price is $10.45 and its 200-day moving average price is $12.22. DigitalBridge Group, Inc. has a 52-week low of $8.63 and a 52-week high of $19.49.

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 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. Equities analysts predict that DigitalBridge Group, Inc. will post 0.17 earnings per share for the current year.

DigitalBridge Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.46%. The ex-dividend date is Monday, March 31st. DigitalBridge Group's dividend payout ratio is currently 133.33%.

Analyst Ratings Changes

Several analysts recently issued reports on DBRG shares. Truist Financial reduced their price objective on shares of DigitalBridge Group from $15.00 to $13.00 and set a "buy" rating on the stock in a report on Tuesday, March 25th. B. Riley reduced their price objective on DigitalBridge Group from $24.00 to $20.00 and set a "buy" rating on the stock in a research note on Tuesday, January 7th. JPMorgan Chase & Co. decreased their price objective on 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 upped their target price on shares of DigitalBridge Group from $15.00 to $16.00 and gave the stock an "overweight" rating in a research note on Monday, February 24th. Finally, JMP Securities initiated coverage on shares of DigitalBridge Group in a report on Monday, January 27th. They set an "outperform" rating and a $16.00 price target for the company. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $16.39.

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.