ExodusPoint Capital Management LP Sells 555,375 Shares of DigitalBridge Group, Inc. (NYSE:DBRG)

ExodusPoint Capital Management LP decreased its position in DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) by 79.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 145,507 shares of the company's stock after selling 555,375 shares during the quarter. ExodusPoint Capital Management LP owned 0.08% of DigitalBridge Group worth $1,641,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in DBRG. Spire Wealth Management acquired a new stake in shares of DigitalBridge Group during the fourth quarter worth approximately $37,000. Manchester Capital Management LLC lifted its holdings in DigitalBridge Group by 172.1% during the 4th quarter. Manchester Capital Management LLC now owns 4,372 shares of the company's stock worth $49,000 after buying an additional 2,765 shares in the last quarter. Meeder Asset Management Inc. raised its position in shares of DigitalBridge Group by 114.0% during the fourth quarter. Meeder Asset Management Inc. now owns 5,087 shares of the company's stock worth $57,000 after acquiring an additional 2,710 shares during the last quarter. KBC Group NV increased its position in DigitalBridge Group by 49.3% in the fourth quarter. KBC Group NV now owns 8,326 shares of the company's stock worth $94,000 after purchasing an additional 2,750 shares during the period. Finally, Blue Trust Inc. lifted its position in DigitalBridge Group by 164.0% during the 4th quarter. Blue Trust Inc. now owns 9,905 shares of the company's stock valued at $112,000 after purchasing an additional 6,153 shares during the period. Institutional investors and hedge funds own 92.69% of the company's stock.

DigitalBridge Group Stock Up 0.4 %

Shares of NYSE DBRG traded up $0.03 during midday trading on Monday, reaching $7.66. 157,048 shares of the company were exchanged, compared to its average volume of 2,541,575. The stock's 50-day moving average price is $9.67 and its 200-day moving average price is $11.69. DigitalBridge Group, Inc. has a one year low of $6.41 and a one year high of $18.82. The stock has a market cap of $1.34 billion, a P/E ratio of 255.33, a PEG ratio of 3.46 and a beta of 1.68.

DigitalBridge Group (NYSE:DBRG - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.11 earnings per share (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. On average, equities research analysts anticipate that DigitalBridge Group, Inc. will post 0.17 EPS for the current year.

DigitalBridge Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date is Monday, March 31st. DigitalBridge Group's payout ratio is 133.33%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on DBRG. Citizens Jmp upgraded shares of DigitalBridge Group to a "strong-buy" rating in a report on Monday, January 27th. JPMorgan Chase & Co. reduced their price target on DigitalBridge Group from $20.00 to $18.00 and set an "overweight" rating on the stock in a research report on Tuesday, January 21st. Keefe, Bruyette & Woods dropped their price objective on DigitalBridge Group from $14.00 to $13.50 and set a "market perform" rating for the company in a report on Wednesday, February 26th. B. Riley reduced their target price on DigitalBridge Group from $24.00 to $20.00 and set a "buy" rating on the stock in a report on Tuesday, January 7th. Finally, JMP Securities assumed coverage on DigitalBridge Group in a research note on Monday, January 27th. They issued an "outperform" rating and a $16.00 price target for the company. One equities research analyst has rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, DigitalBridge Group presently has a consensus rating of "Buy" and an average target price of $16.39.

DigitalBridge Group Company 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.