DigitalBridge Group, Inc. (NYSE:DBRG) Shares Purchased by Private Management Group Inc.

Private Management Group Inc. lifted its position in shares of DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) by 2.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,419,710 shares of the company's stock after acquiring an additional 38,768 shares during the quarter. Private Management Group Inc. owned 0.82% of DigitalBridge Group worth $20,061,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of DBRG. Victory Capital Management Inc. raised its position in DigitalBridge Group by 4.1% during the second quarter. Victory Capital Management Inc. now owns 22,165 shares of the company's stock worth $304,000 after acquiring an additional 870 shares during the last quarter. Arizona State Retirement System lifted its stake in DigitalBridge Group by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 45,735 shares of the company's stock valued at $627,000 after buying an additional 872 shares in the last quarter. Fulton Bank N.A. grew its holdings in DigitalBridge Group by 3.2% during the 3rd quarter. Fulton Bank N.A. now owns 28,372 shares of the company's stock valued at $401,000 after buying an additional 878 shares during the last quarter. King Luther Capital Management Corp increased its position in DigitalBridge Group by 1.3% during the second quarter. King Luther Capital Management Corp now owns 71,038 shares of the company's stock worth $973,000 after buying an additional 942 shares in the last quarter. Finally, nVerses Capital LLC raised its holdings in shares of DigitalBridge Group by 633.3% in the second quarter. nVerses Capital LLC now owns 2,200 shares of the company's stock worth $30,000 after acquiring an additional 1,900 shares during the last quarter. Institutional investors and hedge funds own 92.69% of the company's stock.

Wall Street Analyst Weigh In

DBRG has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft dropped their price objective on DigitalBridge Group from $17.00 to $16.00 and set a "buy" rating for the company in a research report on Thursday, August 15th. JPMorgan Chase & Co. lifted their target price on shares of DigitalBridge Group from $22.00 to $23.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 1st. B. Riley decreased their price objective on DigitalBridge Group from $27.00 to $24.00 and set a "buy" rating on the stock in a report on Tuesday, July 9th. Wells Fargo & Company dropped their target price on DigitalBridge Group from $20.00 to $18.00 and set an "overweight" rating for the company in a research note on Tuesday, August 6th. Finally, Truist Financial decreased their price target on DigitalBridge Group from $19.00 to $17.00 and set a "buy" rating on the stock in a research note on Wednesday, August 21st. Seven research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, DigitalBridge Group currently has an average rating of "Buy" and an average target price of $19.22.

DigitalBridge Group Trading Down 14.5 %

NYSE:DBRG traded down $2.28 on Friday, hitting $13.41. 10,255,148 shares of the stock were exchanged, compared to its average volume of 2,238,002. The stock has a fifty day moving average of $14.33 and a 200-day moving average of $13.98. The stock has a market cap of $2.33 billion, a PE ratio of 6.30, a PEG ratio of 2.76 and a beta of 1.94. DigitalBridge Group, Inc. has a fifty-two week low of $11.07 and a fifty-two week high of $20.99.

DigitalBridge Group (NYSE:DBRG - Get Free Report) last posted its earnings results on Wednesday, August 7th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.07 by ($0.06). The business had revenue of $390.34 million for the quarter, compared to analyst estimates of $97.05 million. DigitalBridge Group had a return on equity of 4.49% and a net margin of 35.10%. As a group, analysts predict that DigitalBridge Group, Inc. will post 0.16 earnings per share for the current year.

DigitalBridge Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a dividend of $0.01 per share. The ex-dividend date was Monday, September 30th. This represents a $0.04 annualized dividend and a dividend yield of 0.30%. DigitalBridge Group's payout ratio is 1.88%.

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.