687,705 Shares in DigitalBridge Group, Inc. (NYSE:DBRG) Acquired by Norges Bank

Norges Bank bought a new position in shares of DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 687,705 shares of the company's stock, valued at approximately $7,757,000. Norges Bank owned 0.39% of DigitalBridge Group as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently modified their holdings of the business. Geode Capital Management LLC increased its holdings in shares of DigitalBridge Group by 8.3% in the 3rd quarter. Geode Capital Management LLC now owns 4,167,413 shares of the company's stock worth $58,895,000 after acquiring an additional 317,776 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in DigitalBridge Group by 101.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 314,557 shares of the company's stock worth $4,445,000 after acquiring an additional 158,790 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of DigitalBridge Group by 3.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,030,657 shares of the company's stock valued at $34,186,000 after purchasing an additional 99,891 shares in the last quarter. Barclays PLC grew its stake in shares of DigitalBridge Group by 364.3% in the 3rd quarter. Barclays PLC now owns 268,326 shares of the company's stock worth $3,792,000 after purchasing an additional 210,533 shares during the last quarter. Finally, Horizon Kinetics Asset Management LLC grew its stake in 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 valued at $50,572,000 after acquiring an additional 4,020,627 shares in the last quarter. 92.69% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on DBRG shares. Wells Fargo & Company boosted their price objective on shares of DigitalBridge Group from $15.00 to $16.00 and gave the company an "overweight" rating in a research report on Monday, February 24th. Truist Financial reduced their price objective on DigitalBridge Group from $15.00 to $13.00 and set a "buy" rating for the company in a research report on Tuesday, March 25th. Keefe, Bruyette & Woods cut their price target 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. JPMorgan Chase & Co. cut 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. Finally, Citizens Jmp upgraded shares of DigitalBridge Group to a "strong-buy" rating in a research note on Monday, January 27th. One research 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 company. According to MarketBeat.com, DigitalBridge Group currently has an average rating of "Buy" and an average price target of $16.39.

DigitalBridge Group Stock Down 0.4 %

NYSE:DBRG traded down $0.03 during trading hours on Monday, hitting $7.60. 37,661 shares of the stock were exchanged, compared to its average volume of 2,541,148. The company has a market capitalization of $1.33 billion, a P/E ratio of 250.47, a price-to-earnings-growth ratio of 3.46 and a beta of 1.68. DigitalBridge Group, Inc. has a twelve month low of $6.41 and a twelve month high of $18.82. The company's 50 day moving average is $9.67 and its two-hundred day moving average is $11.69.

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, topping 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 company had revenue of $101.55 million for the quarter, compared to analyst estimates of $93.01 million. On average, equities research analysts expect that DigitalBridge Group, Inc. will post 0.17 EPS for the current year.

DigitalBridge Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders 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 0.53%. The ex-dividend date of this dividend is Monday, March 31st. DigitalBridge Group's dividend payout ratio (DPR) is currently 133.33%.

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.