Portolan Capital Management LLC Buys 557,694 Shares of DigitalBridge Group, Inc. (NYSE:DBRG)

Portolan Capital Management LLC boosted its position in DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) by 238.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 791,932 shares of the company's stock after buying an additional 557,694 shares during the quarter. Portolan Capital Management LLC owned approximately 0.45% of DigitalBridge Group worth $8,933,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of DBRG. State Street Corp lifted its position in shares of DigitalBridge Group by 12.0% in the third quarter. State Street Corp now owns 4,427,379 shares of the company's stock worth $62,603,000 after purchasing an additional 474,101 shares in the last quarter. Barclays PLC lifted its position in DigitalBridge Group by 364.3% during the 3rd quarter. Barclays PLC now owns 268,326 shares of the company's stock worth $3,792,000 after buying an additional 210,533 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of DigitalBridge Group by 8.3% during the 3rd quarter. Geode Capital Management LLC now owns 4,167,413 shares of the company's stock worth $58,895,000 after buying an additional 317,776 shares during the last quarter. Sanctuary Advisors LLC grew its holdings in shares of DigitalBridge Group by 10.3% in 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. Finally, Tidal Investments LLC increased its position in shares of DigitalBridge Group by 22.8% in the third quarter. Tidal Investments LLC now owns 99,995 shares of the company's stock valued at $1,413,000 after acquiring an additional 18,536 shares during the last quarter. Institutional investors own 92.69% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on DBRG shares. JPMorgan Chase & Co. decreased their price target on DigitalBridge Group from $20.00 to $18.00 and set an "overweight" rating for the company in a research note on Tuesday, January 21st. Wells Fargo & Company boosted their target price on shares of DigitalBridge Group from $15.00 to $16.00 and gave the stock an "overweight" rating in a report on Monday, February 24th. Citizens Jmp upgraded shares of DigitalBridge Group to a "strong-buy" rating in a research note on Monday, January 27th. Keefe, Bruyette & Woods cut their target price on shares of 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. Finally, JMP Securities started coverage on DigitalBridge Group in a research report on Monday, January 27th. They set an "outperform" rating and a $16.00 price target on the stock. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and two have 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 price target of $16.39.

DigitalBridge Group Trading Up 2.3 %

Shares of NYSE:DBRG traded up $0.18 during trading on Friday, reaching $7.95. 1,418,806 shares of the stock were exchanged, compared to its average volume of 2,555,776. DigitalBridge Group, Inc. has a 12 month low of $6.41 and a 12 month high of $17.72. The stock has a 50-day moving average price of $9.38 and a 200-day moving average price of $11.51. The firm has a market cap of $1.39 billion, a PE ratio of 264.83, a PEG ratio of 3.46 and a beta of 1.68.

DigitalBridge Group (NYSE:DBRG - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.11 EPS for the quarter, beating analysts' consensus estimates of $0.08 by $0.03. The firm had revenue of $101.55 million for the quarter, compared to analyst estimates of $93.01 million. DigitalBridge Group had a return on equity of 4.29% and a net margin of 10.98%. On average, sell-side analysts expect that DigitalBridge Group, Inc. will post 0.17 earnings per share for the current fiscal year.

DigitalBridge Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a dividend of $0.01 per share. 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 dividend 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.