DigitalBridge Group, Inc. (NYSE:DBRG) Holdings Lowered by Geode Capital Management LLC

Geode Capital Management LLC lessened its stake in DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) by 13.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,592,573 shares of the company's stock after selling 574,840 shares during the quarter. Geode Capital Management LLC owned approximately 2.06% of DigitalBridge Group worth $40,534,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of DBRG. State Street Corp raised its stake in DigitalBridge Group by 12.0% during the third quarter. State Street Corp now owns 4,427,379 shares of the company's stock valued at $62,603,000 after buying an additional 474,101 shares in the last quarter. Barclays PLC increased its holdings in shares of DigitalBridge Group by 364.3% in the 3rd quarter. Barclays PLC now owns 268,326 shares of the company's stock valued at $3,792,000 after acquiring an additional 210,533 shares during the last quarter. Sanctuary Advisors LLC raised its position in shares of DigitalBridge Group by 10.3% during the 3rd quarter. Sanctuary Advisors LLC now owns 219,342 shares of the company's stock valued at $3,099,000 after acquiring an additional 20,486 shares in the last quarter. Tidal Investments LLC lifted its stake in DigitalBridge Group by 22.8% during the third quarter. Tidal Investments LLC now owns 99,995 shares of the company's stock worth $1,413,000 after purchasing an additional 18,536 shares during the last quarter. Finally, Franklin Resources Inc. boosted its holdings in DigitalBridge Group by 33.6% in the third quarter. Franklin Resources Inc. now owns 180,369 shares of the company's stock worth $2,792,000 after purchasing an additional 45,333 shares during the period. Institutional investors own 92.69% of the company's stock.

Analysts Set New Price Targets

DBRG has been the topic of several research reports. JMP Securities initiated coverage on shares of DigitalBridge Group in a research note on Monday, January 27th. They set an "outperform" rating and a $16.00 price objective on the stock. JPMorgan Chase & Co. cut their price target on DigitalBridge Group from $20.00 to $18.00 and set an "overweight" rating on the stock in a report on Tuesday, January 21st. Keefe, Bruyette & Woods lowered their price objective on 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. 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. Finally, Truist Financial lowered their price target on shares of DigitalBridge Group from $15.00 to $13.00 and set a "buy" rating for the company in a research report on Tuesday, March 25th. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, DigitalBridge Group has a consensus rating of "Buy" and an average target price of $16.39.

DigitalBridge Group Trading Up 2.3 %

DBRG traded up $0.18 on Friday, reaching $7.95. The company had a trading volume of 1,418,806 shares, compared to its average volume of 2,561,068. The company has a market capitalization of $1.39 billion, a P/E ratio of 264.83, a PEG ratio of 3.46 and a beta of 1.68. The company has a fifty day moving average of $9.38 and a 200-day moving average of $11.46. DigitalBridge Group, Inc. has a one year low of $6.41 and a one year high of $17.72.

DigitalBridge Group (NYSE:DBRG - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $101.55 million during the quarter, compared to analysts' expectations of $93.01 million. Research analysts predict 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 was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date of this dividend was Monday, March 31st. DigitalBridge Group's payout ratio 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.