Samjo Management LLC purchased a new position in shares of DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 498,950 shares of the company's stock, valued at approximately $5,628,000. DigitalBridge Group comprises 2.1% of Samjo Management LLC's investment portfolio, making the stock its 14th largest holding. Samjo Management LLC owned 0.29% of DigitalBridge Group at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. Spire Wealth Management bought a new stake in DigitalBridge Group during the fourth quarter worth about $37,000. Manchester Capital Management LLC lifted its stake in 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 purchasing an additional 2,765 shares during the last quarter. Meeder Asset Management Inc. boosted its position in DigitalBridge Group by 114.0% during the fourth quarter. Meeder Asset Management Inc. now owns 5,087 shares of the company's stock valued at $57,000 after buying an additional 2,710 shares during the period. KBC Group NV grew its stake in shares of DigitalBridge Group by 49.3% during the fourth quarter. KBC Group NV now owns 8,326 shares of the company's stock valued at $94,000 after buying an additional 2,750 shares during the last quarter. Finally, Blue Trust Inc. increased its holdings in shares of DigitalBridge Group by 164.0% in the fourth quarter. Blue Trust Inc. now owns 9,905 shares of the company's stock worth $112,000 after buying an additional 6,153 shares during the period. 92.69% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several brokerages have recently commented on DBRG. B. Riley lowered their price objective on shares of DigitalBridge Group from $24.00 to $20.00 and set a "buy" rating for the company in a research note on Tuesday, January 7th. JPMorgan Chase & Co. dropped their price objective on DigitalBridge Group from $20.00 to $18.00 and set an "overweight" rating for the company in a report on Tuesday, January 21st. Truist Financial reduced their target price on DigitalBridge Group from $15.00 to $13.00 and set a "buy" rating on the stock in a research note on Tuesday, March 25th. Citizens Jmp raised DigitalBridge Group to a "strong-buy" rating in a research note on Monday, January 27th. Finally, Wells Fargo & Company lifted their target price on shares of DigitalBridge Group from $15.00 to $16.00 and gave the company an "overweight" rating in a research note on Monday, February 24th. One research 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's stock. According to data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $16.39.
View Our Latest Report on DigitalBridge Group
DigitalBridge Group Stock Performance
NYSE DBRG traded down $0.65 on Thursday, reaching $7.33. 1,544,556 shares of the stock traded hands, compared to its average volume of 2,531,013. DigitalBridge Group, Inc. has a 12 month low of $5.50 and a 12 month high of $18.82. The company has a market cap of $1.28 billion, a price-to-earnings ratio of 242.00, a PEG ratio of 3.46 and a beta of 1.68. The company has a fifty day moving average price of $9.80 and a 200-day moving average price of $11.80.
DigitalBridge Group (NYSE:DBRG - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.08 by $0.03. The business had revenue of $101.55 million during the quarter, compared to analyst estimates of $93.01 million. DigitalBridge Group had a net margin of 10.98% and a return on equity of 4.29%. As a group, research analysts anticipate that DigitalBridge Group, Inc. will post 0.17 earnings per share for the current fiscal year.
DigitalBridge Group Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.55%. The ex-dividend date of this dividend is Monday, March 31st. DigitalBridge Group's payout ratio is 133.33%.
About DigitalBridge Group
(
Free Report)
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.
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