Akre Capital Management LLC Decreases Stake in DigitalBridge Group, Inc. (NYSE:DBRG)

Akre Capital Management LLC lessened its position in shares of DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) by 41.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 764,730 shares of the company's stock after selling 550,346 shares during the quarter. DigitalBridge Group comprises about 0.1% of Akre Capital Management LLC's investment portfolio, making the stock its 15th largest position. Akre Capital Management LLC owned approximately 0.44% of DigitalBridge Group worth $8,626,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in DBRG. Horizon Kinetics Asset Management LLC boosted its stake 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 buying an additional 4,020,627 shares during the last quarter. State Street Corp raised its position in DigitalBridge Group by 12.0% during the third quarter. State Street Corp now owns 4,427,379 shares of the company's stock worth $62,603,000 after acquiring an additional 474,101 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of DigitalBridge Group by 8.3% during the 3rd quarter. Geode Capital Management LLC now owns 4,167,413 shares of the company's stock worth $58,895,000 after purchasing an additional 317,776 shares during the last quarter. New South Capital Management Inc. raised its holdings in shares of DigitalBridge Group by 2.9% in the 4th quarter. New South Capital Management Inc. now owns 4,055,232 shares of the company's stock valued at $45,743,000 after purchasing an additional 115,029 shares during the period. Finally, Invesco Ltd. lifted its stake in DigitalBridge Group by 0.5% in the 4th quarter. Invesco Ltd. now owns 3,313,725 shares of the company's stock valued at $37,379,000 after purchasing an additional 14,997 shares during the last quarter. Institutional investors own 92.69% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Keefe, Bruyette & Woods decreased their price objective on shares of DigitalBridge Group from $14.00 to $13.50 and set a "market perform" rating on the stock in a report on Wednesday, February 26th. B. Riley reduced their price target on DigitalBridge Group from $24.00 to $20.00 and set a "buy" rating on the stock in a research report on Tuesday, January 7th. Citizens Jmp raised DigitalBridge Group to a "strong-buy" rating in a report on Monday, January 27th. Wells Fargo & Company raised their price target on DigitalBridge Group from $15.00 to $16.00 and gave the stock an "overweight" rating in a research report on Monday, February 24th. Finally, Truist Financial decreased their target price 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. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, DigitalBridge Group presently has an average rating of "Buy" and an average price target of $16.39.

DigitalBridge Group Trading Up 1.1 %

DBRG stock traded up $0.09 during trading on Wednesday, reaching $8.20. 943,645 shares of the stock were exchanged, compared to its average volume of 2,552,622. DigitalBridge Group, Inc. has a twelve month low of $6.41 and a twelve month high of $17.72. The firm's 50 day moving average is $9.29 and its 200 day moving average is $11.39. The firm has a market cap of $1.43 billion, a P/E ratio of 273.33, a price-to-earnings-growth ratio of 3.46 and a beta of 1.68.

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 for the quarter, beating analysts' consensus estimates of $0.08 by $0.03. The firm had revenue of $101.55 million for the quarter, compared to analyst estimates of $93.01 million. DigitalBridge Group had a net margin of 10.98% and a return on equity of 4.29%. As a group, analysts predict that DigitalBridge Group, Inc. will post 0.17 earnings per share for the current fiscal year.

DigitalBridge Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a $0.01 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.04 annualized dividend and a yield of 0.49%. DigitalBridge Group's dividend payout ratio (DPR) is 133.33%.

DigitalBridge Group Profile

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.