New York State Common Retirement Fund Grows Stake in DigitalBridge Group, Inc. (NYSE:DBRG)

New York State Common Retirement Fund increased its holdings in DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) by 36.4% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 437,113 shares of the company's stock after buying an additional 116,610 shares during the period. New York State Common Retirement Fund owned 0.25% of DigitalBridge Group worth $4,931,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. purchased a new position in shares of DigitalBridge Group in the third quarter worth about $34,000. Spire Wealth Management purchased a new position in shares of DigitalBridge Group in the fourth quarter worth about $37,000. Manchester Capital Management LLC increased its holdings in shares of DigitalBridge Group by 172.1% in the fourth 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 during the period. Blue Trust Inc. increased its holdings in DigitalBridge Group by 179.2% during the 3rd quarter. Blue Trust Inc. now owns 3,752 shares of the company's stock valued at $51,000 after purchasing an additional 2,408 shares during the period. Finally, KBC Group NV increased its holdings in DigitalBridge Group by 49.3% during the 4th quarter. KBC Group NV now owns 8,326 shares of the company's stock valued at $94,000 after purchasing an additional 2,750 shares during the period. Institutional investors own 92.69% of the company's stock.

Analyst Ratings Changes

DBRG has been the topic of a number of research analyst reports. Citizens Jmp upgraded DigitalBridge Group to a "strong-buy" rating in a report on Monday, January 27th. 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. JPMorgan Chase & Co. reduced their target price on DigitalBridge Group from $20.00 to $18.00 and set an "overweight" rating on the stock in a report on Tuesday, January 21st. Wells Fargo & Company upped their target price on DigitalBridge Group from $15.00 to $16.00 and gave the stock an "overweight" rating in a report on Monday, February 24th. Finally, JMP Securities assumed coverage on DigitalBridge Group in a report on Monday, January 27th. They set an "outperform" rating and a $16.00 target price on the stock. One investment 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $16.61.

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DigitalBridge Group Trading Down 0.6 %

DBRG stock traded down $0.07 during midday trading on Monday, hitting $11.31. The company's stock had a trading volume of 1,573,809 shares, compared to its average volume of 2,433,538. The company has a market cap of $1.97 billion, a PE ratio of 376.83, a P/E/G ratio of 3.46 and a beta of 1.91. DigitalBridge Group, Inc. has a 12 month low of $10.03 and a 12 month high of $19.49. The firm's 50-day moving average is $10.98 and its 200-day moving average is $12.59.

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 (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.03. The business had revenue of $101.55 million for the quarter, compared to analysts' expectations of $93.01 million. DigitalBridge Group had a return on equity of 4.29% and a net margin of 10.98%. Analysts expect that DigitalBridge Group, Inc. will post 0.17 earnings per share for the current year.

DigitalBridge Group Announces Dividend

The business also recently disclosed 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 annualized dividend and a dividend yield of 0.35%. The ex-dividend date of this dividend is Monday, March 31st. DigitalBridge Group's dividend payout ratio (DPR) is presently 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.