OFI Invest Asset Management Makes New Investment in DigitalBridge Group, Inc. (NYSE:DBRG)

OFI Invest Asset Management bought a new position in DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 28,000 shares of the company's stock, valued at approximately $305,000.

Other large investors have also added to or reduced their stakes in the company. Meeder Asset Management Inc. acquired a new position in shares of DigitalBridge Group during the third quarter valued at about $34,000. Spire Wealth Management acquired a new position in shares of DigitalBridge Group during the fourth quarter valued at about $37,000. Manchester Capital Management LLC increased its holdings in shares of DigitalBridge Group by 172.1% during the fourth quarter. Manchester Capital Management LLC now owns 4,372 shares of the company's stock valued at $49,000 after acquiring an additional 2,765 shares in the last quarter. KBC Group NV increased its holdings in DigitalBridge Group by 49.3% in the 4th quarter. KBC Group NV now owns 8,326 shares of the company's stock worth $94,000 after buying an additional 2,750 shares during the period. Finally, Quest Partners LLC increased its holdings in DigitalBridge Group by 321.0% in the 3rd quarter. Quest Partners LLC now owns 9,309 shares of the company's stock worth $132,000 after buying an additional 7,098 shares during the period. 92.69% of the stock is currently owned by institutional investors.

DigitalBridge Group Stock Performance

Shares of NYSE:DBRG traded up $0.11 during midday trading on Tuesday, reaching $9.19. 3,347,950 shares of the company's stock traded hands, compared to its average volume of 2,361,953. DigitalBridge Group, Inc. has a 1 year low of $8.92 and a 1 year high of $19.49. The company has a market cap of $1.60 billion, a P/E ratio of 306.17, a PEG ratio of 3.46 and a beta of 1.91. The company has a fifty day simple moving average of $10.86 and a two-hundred day simple moving average of $12.48.

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DigitalBridge Group (NYSE:DBRG - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.08 by $0.03. DigitalBridge Group had a return on equity of 4.29% and a net margin of 10.98%. The firm had revenue of $101.55 million during the quarter, compared to the consensus estimate of $93.01 million. As a group, research analysts forecast that DigitalBridge Group, Inc. will post 0.17 EPS for the current fiscal year.

DigitalBridge Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.44%. The ex-dividend date is Monday, March 31st. DigitalBridge Group's dividend payout ratio is currently 133.33%.

Analyst Ratings Changes

Several brokerages recently weighed in on DBRG. JPMorgan Chase & Co. cut their price target on shares of DigitalBridge Group from $20.00 to $18.00 and set an "overweight" rating on the stock in a report on Tuesday, January 21st. B. Riley cut their price target on shares of DigitalBridge Group from $24.00 to $20.00 and set a "buy" rating on the stock in a report on Tuesday, January 7th. Citizens Jmp upgraded shares of DigitalBridge Group to a "strong-buy" rating in a report on Monday, January 27th. JMP Securities began coverage on shares of DigitalBridge Group in a report on Monday, January 27th. They issued an "outperform" rating and a $16.00 price target on the stock. Finally, Wells Fargo & Company increased their target price on DigitalBridge Group from $15.00 to $16.00 and gave the company an "overweight" rating in a research report on Monday, February 24th. One 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 company. According to data from MarketBeat.com, DigitalBridge Group has an average rating of "Buy" and a consensus price target of $16.61.

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.